Lou Jiwei is a hard-charging reformer with an illustrious record of accomplishments. The Chinese government's decision to dismiss him from his post as chairman of the national social security fund underscores the dangerous ways in which President Xi Jinping has transformed decision-making in China.
WASHINGTON, DC – Lou Jiwei may not be a household name in the West, but the former Chinese finance minister is well known and highly respected among financiers and economic policymakers. Yet, earlier this month, China’s government announced Lou’s dismissal from his post as chairman of the country’s national social security fund. The move reflects a change in the Chinese leadership’s approach to governance that is likely to have profound implications for the country’s future.
WASHINGTON, DC – Lou Jiwei may not be a household name in the West, but the former Chinese finance minister is well known and highly respected among financiers and economic policymakers. Yet, earlier this month, China’s government announced Lou’s dismissal from his post as chairman of the country’s national social security fund. The move reflects a change in the Chinese leadership’s approach to governance that is likely to have profound implications for the country’s future.