Chinese Finance Minister Replaced – Reuters

From Reuters via Financial Times:

Chinese finance minister of the past four years, Jin Renqing, has been shifted to a government think-tank post and will be replaced by the country’s top tax collector, government sources said on Tuesday.

Jin, 63, will be replaced by Xie Xuren, director of the State Administration of Taxation, they said, citing an announcement by the Communist Party’s organisation department. Xie’s promotion will require approval by the National People’s Congress, or parliament, they said, although this is essentially a formality. [Full Text]

Update:

Jin Renqing, the Finance Minister, has been forced to step down after having an affair with the mistress of another senior Communist Party official. . .

See the UK Times, Finance Chief Toppled by Sex Scandal and Finance Minister “Retires”: First of Many from the Time China blog.

August 29, 2007 8:33 AM
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Categories: Economy, Politics