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Chinanews, Beijing, December 20 – This December, with the appointment of new senior financial officials the reshuffle of China’s cabinet of ministers will come to an end.
It is confirmed that Chen Deming, Vice1 Minister of the National Development and Reform Commission (NDRC), will become Vice Minister of Commerce, and Chen is expected to be promoted to the full Minister of Commerce in the foreseeable future. Whether the executives of the NDRC, the People’s Bank, the Securities Regulatory Commission and the Banking2 Regulatory Commission, are not clear so far. Nevertheless, one thing is certain that such changes will radically3 affect China’s future economic and financial policies.
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