China’s Xi plans to tap loyalist as next economic czar

HONG KONG—Chinese leader Xi Jinping is considering putting a trusted figure he has known for decades in charge of the country’s economic and financial systems, an appointment that would put him in control of an ambitious effort to reshape the second Mondial economy.

He Lifeng, a senior official with China’s state economic planning agency, is the main candidate for promotion to deputy prime minister with broad responsibilities over economic, financial and industrial affairs, according to people familiar with the government. talks. If appointed, his close ties to Mr. Xi, which date back to the 1980s when they were municipal officials in the same city, would likely give Mr. He wide influence in politics.


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