Economist: Promoting the experience of the new Central Committee members and local off

(Beijing News) Some local officials in China are promoted to a new member of the Central Committee. Economists believe that this shows the importance of local officials' experience in the decision -making process in the future.

Bloomberg News Sunday (October 23) reported that Xing Zhaopeng, a senior strategist at Australia and New Bank, analyzed that the list may show that "comprehensive ability is more valuable than professional skills."

He said that some people in the list are local government officials who have worked in the financial system."This may be because the processing of financial risks in the future may involve more exchanges with local governments."

Xing Zhaopeng also said that the dilemma of local government debt and real estate market may be the focus of the national financial work conference.

Yin Yong, deputy secretary of the Beijing Municipal Party Committee of the Communist Party of China, was elected as a new member of the Central Committee. Liu Guiping, deputy mayor of Tianjin, was a member of the Central Committee. Both were the vice president of the Central Bank of China.

The 57 -year -old deputy mayor Wu Qing, Wu Qing, was elected as a new member of the Central Central Committee. He was the chairman of the Shanghai Stock Exchange and had worked in the Chinese securities regulatory agency for many years.

The underlying director of the Greater China Research Director Pang Ye analyzed that the CCP has stated that it is necessary to shift from pure growth to balance security and sustainability. These officials have the experience of working in the financial department and local governments, which will help them help them."Better understand the economic situation in reality and local political environment."

In addition, the Party Secretary of the People's Bank of China Guo Shuqing and President Yi Gang did not appear on the list of members of the central government or alternate members. It is expected that the government will not retain central bank positions in March next year.The current chairman of the China Securities Regulatory Commission Yi Hui Man is on the list of members of the Central Committee.

ABSOLUTE Strategy Research, Emerging Market Economist Wolf, believes that Yihui Man is most likely to become the governor of the Central Bank of China."