Li Qiang, the former Communist Party chief of Shanghai, took office on Saturday as China’s premier, the country’s No.2 post, putting the close ally of President Xi Jinping in charge of reviving an economy battered by three years of COVID-19 curbs. Widely perceived to be pragmatic and business-friendly, the 63-year-old Li faces the daunting task […]
Four years before Li Qiang gained notoriety as the force behind the two-month COVID lockdown of Shanghai, the man set to become China’s next premier worked quietly behind the scenes to drive a bold revamp of the megacity’s sclerotic stock market. Li’s back-channelling – sources said he bypassed the China Securities Regulatory Commission, which lost […]
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