Zhou Leaving PBOC as China Picks New Economic Chiefs

China began installing a new economic leadership by indicating that Governor Zhou Xiaochuan will step aside and Vice Premier Wang Qishan, the top finance official, will move to a new role.

Commerce Minister Chen Deming and Finance Minister Xie Xuren were absent from the Communist Party central committee named today, suggesting they are likely to exit those jobs. Liu He, a senior government economic adviser, joined for the first time, while Wang may head the party disciplinary body. Mark Williams, a former adviser to the U.K. Treasury on China, sees Zhou stepping down “fairly soon.”