Former rising political star who was expected to secure a Standing Committee seat now poised to lose vice-premier position in eyebrow-raising demotion.
The Standing Committee’s newest members each have close professional ties to Xi Jinping and have, in different areas, helped execute his vision for China’s development.
President Xi Jinping outlined how China will keep ‘income distribution and the means of accumulating wealth well-regulated’ at the 20th party congress, triggering fresh worries among the wealthy and upper middle-class.