Yan Pengcheng, who served below He in numerous roles on the Nationwide Improvement and Reform Fee (NDRC), has been appointed as a deputy head of the final workplace of the Central Monetary and Financial Affairs Fee.
The latter is a strong Communist Celebration physique liable for managing the world’s second-largest economic system and He’s director of the final workplace, which guides its on a regular basis operations.
Yan’s new function was confirmed when his new title was used at a celebration worldwide relations occasion in Beijing on Tuesday, which makes him He’s fourth deputy on the fee.
Earlier than changing into vice-premier in March final yr, He, now one in all President Xi Jinping’s most important financial advisers, was head of the NDRC, the highest state planner.
His present function on the finance and economics fee was confirmed in October, indicating He’s rising affect as his predecessor Liu He step by step handed over the reins of financial coverage.
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He was accompanied at that assembly by Han Wenxiu, his deputy on the financial affairs fee’s workplace, highlighting the physique’s affect.
Yan, who has a grasp’s diploma in economics, labored in numerous roles on the NDRC, together with as its spokesman and head of its division of nationwide economic system.
He then moved on to change into vice-governor of the northern province of Hebei in 2021. Final yr he grew to become a member of the provincial occasion’s standing committee.
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Yang was appointed to the function eight months after he was promoted to deputy head of the NDRC, the place he labored for round twenty years.
Yang had additionally led the physique’s personnel division, a task that concerned managing and choosing cadres.
