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Chinese Vice-Premier He Lifeng’s growing influence on economic policy shown as former subordinate joins top finance policy body
- Yan Pengcheng has been confirmed as one of He’s deputies at the Central Financial and Economic Affairs Commission, a key party body
- The two have previously worked together at the top state economic planning agency
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Vanessa Caiin Shanghai
A former senior economic planner has been appointed to a major role on a top Chinese financial policy body in a sign of Vice-Premier He Lifeng’s growing influence in the area.
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Yan Pengcheng, who served under He in various roles at the National Development and Reform Commission (NDRC), has been appointed as a deputy head of the general office of the Central Financial and Economic Affairs Commission.
The latter is a powerful Communist Party body responsible for managing the world’s second-largest economy and He is director of the general office, which guides its everyday operations.
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Yan’s new role was confirmed when his new title was used at a party international relations event in Beijing on Tuesday, which makes him He’s fourth deputy at the commission.
Before becoming vice-premier in March last year, He, now one of President Xi Jinping’s main economic advisers, was head of the NDRC, the top state planner.
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