China replaces finance minister Lou Jiwei: Xinhua

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China replaces finance minister Lou Jiwei: Xinhua

China Monday replaced finance minister Lou Jiwei, state media reported, with some analysts predicting more fiscal stimulus in the world's second-largest economy. Lou was relieved of his duties and replaced by 59-year-old Xiao Jie, the deputy secretary-general of the State Council, or cabinet, Xinhua news agency reported without giving more details. Lou, 65, had been the finance minister since March 2013, presiding over a stock market boom encouraged by authorities — followed by a rout in the middle of last year.
Lou Jiwei, 65, China's finance minister since March 2013, presided over a stock market boom encouraged by authorities, followed by a rout in the middle of 2015–finance.html

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11 comments on “China replaces finance minister Lou Jiwei: Xinhua

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