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China’s Xi Starts New Term, With Trusted Deputy to Deal With Trump [The New York Times]

NEW YORK TIMES (NYT)  More Company Research Source: The New York Times
Last new york times earnings: 5/3 08:30 am Check Earnings Report
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PDF “Wang Qishan is one of the most important figures in Xi’s inner circle, and this position allows him to retain a formal position,” said Wu Qiang , a former lecturer in political science at Tsinghua University in Beijing who now works as an independent researcher. “Even in the United States, the vice president is usually ceremonial, there just as backup,” Mr. Wu said. “But Wang Qishan will add substance to the role of vice president. The amendment of the Constitution has raised the status of the presidency, and the vice presidency will also benefit from that.” Party insiders and experts have said Mr. Xi wants Mr. Wang to act as a counselor, possibly helping to watch economic policy and anticorruption efforts and manage ties with the West, especially with the United States. President Trump has considered placing stiff trade sanctions and investment restrictions on China. Mr. Wang appears likely to “play a leading role in overseeing U.S.-China relations,” said Ryan Hass , [Read more]

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