BEIJING China plans to create an energy ministry to oversee the country's vast oil, natural gas, coal and power sectors, part of a government shake-up to make policymaking more efficient, four sources with ties to the country's leadership said this week.
BEIJING The chairman of China's CEFC China Energy, the private firm that has agreed to buy a nearly $9.1 billion stake in Russian oil major Rosneft, has been investigated for suspected economic crimes, a person with direct knowledge of the matter said.
BEIJING A vice minister of public security, a close confidant of President Xi Jinping, is tipped to take over as China's spy master, five sources said, as the country looks to clean up its security apparatus and plug intelligence gaps.
BEIJING In clearing the way to serve as Chinese president indefinitely, Xi Jinping has sought to head off speculation over his future and amass even more authority to implement his key political objectives, analysts and sources close to the leadership say.
BEIJING China is expected to announce a reshuffle of its top diplomats at an annual meeting of parliament in March, aiming to deal with U.S. President Donald Trump's growing suspicion of Beijing, several sources familiar with the plan said.
BEIJING Zhou Xiaochuan, China's longest-serving central bank governor, is tipped to become the new vice chairman of the Boao Forum -- known as Asia's Davos -- after he retires next month, sources said.
BEIJING Liu He, a Harvard-trained economist who is a trusted confidant of Chinese President Xi Jinping, has emerged as the front runner to be the next governor of the People's Bank of China (PBOC), according to three sources with knowledge of the situation.
BEIJING China is set to name Liu He, a Harvard-trained economist who advises President Xi Jinping, as a vice premier overseeing the economy and financial sector, five sources familiar with the development said.
BEIJING China will commit to buy more U.S. soybeans during President Donald Trump's visit to Beijing this week, a U.S. industry official said, underlining the importance of trade in farm goods even as tensions grow between the world's top two economies.
While the new seven-member Politburo Standing Committee unveiled on Wednesday by China's ruling Communist Party was not packed with people regarded as close to President Xi Jinping, his allies dominate the new Politburo - the second tier in Beijing's power structure.