March 13, 2023

With key positions of Chinese central government being endorsed at the national legislature, Chinese observers believed that the major agenda of the central government will be steering the economy recovery and boosting market confidence.

Chinese President Xi Jinping signed a presidential order appointing Li Qiang as premier on Saturday morning at the first session of the 14th National People's Congress (NPC), China's national legislature.

NPC on Sunday also endorsed the new lineup of the State Council, or China's cabinet, at its annual session. The new cabinet lineup, which retains central bank governor and financial minister in their posts while appointing several ministers with corporate executive backgrounds, shows the government's respect for professional knowledge while giving full consideration to continuity of policies, experts said. 

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