Loading AI tools
Commission of the Central Committee of the Chinese Communist Party From Wikipedia, the free encyclopedia
The Central Financial and Economic Affairs Commission is a commission of the Central Committee of the Chinese Communist Party in charge of leading and supervising economic work of both the CCP Central Committee and the State Council. The Commission is generally headed by CCP General Secretary or Premier of the State Council.
Formation | March 1980 |
---|---|
Type | Supra-ministerial policy coordination and consultation body |
Headquarters | Huairen Hall, Zhongnanhai[1] |
Location | |
Leader | Xi Jinping |
Deputy Leader | Li Qiang |
Office Director | He Lifeng |
Parent organization | Central Committee of the Chinese Communist Party |
Subsidiaries | General Office of the Leading Group for Financial and Economic Affairs |
Central Financial and Economic Affairs Commission | |||||||
---|---|---|---|---|---|---|---|
Simplified Chinese | 中央财经委员会 | ||||||
|
It is currently led by General Secretary Xi Jinping, with Premier Li Qiang as its deputy leader. The Commission coordinates closely with the National Development and Reform Commission[2] and is considered the highest body for coordination and discussion on issues related to the economy. The Office of the Commission, handling the daily affairs of the body, is currently headed by He Lifeng.
The Commission was originally established as the Central Leading Group for Financial and Economic Affairs (Chinese: 中央财经领导小组; pinyin: Zhōngyāng Cáijīng Lǐngdǎo Xiǎozǔ) in March 1980. The decision to establish this group was taken by the CCP Politburo Standing Committee on March 17, 1980 to replace the State Commission for Economy and Finance, so as to coordinate the work necessary to meet the requirements of Deng Xiaoping's "Reform and Opening Up" policy.
In March 2018, the leading group was transformed into the Central Financial and Economic Affairs Commission.[3]
The commission has traditionally been the core decision-making body of the CCP in regards to economic policy and public finance. It generally meets around twice a year to discuss the overall direction of the Chinese economy. The Office of the Commission, handling the daily affairs of the body, is critical to coordinating high-level policymaking in economic and financial topics.[4]
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.