Prime Minister Narendra Modi on Monday congratulated Chinese President Xi Jinping on his re-election and said that he looks forward to working with him to improve the bilateral relationship between the two nations.
Prime Minister Narendra Modi on Monday congratulated Chinese President Xi Jinping on his re-election and said that he looks forward to working with him to improve the bilateral relationship between the two nations.
"Dear President Xi Jinping, congratulations on getting re-elected as the President of the People's Republic of China. I look forward to working with you for the development of our bilateral relations," Modi said on the social media platform Sina Weibo, China's version of Twitter.
Xi was re-elected as the country's President on Saturday.
As Xi begins his second five-year term as president, Beijing is streamlining regulators and ministries to cut inefficiencies while expanding the remit of others such as the central bank to boost their policymaking powers.
"China's ministries are giant, nationwide siloes and fiefdoms that never talk to one another. Hence, in order to accomplish anything major, the command must come from the top down; only they can get ministries to work together," Cliff Tan, east Asian head of global markets research at Bank of Tokyo-Mitsubishi UFJ, said in a note.
"Such a setup nearly guarantees the continuation of power that is never devolved, otherwise nothing would get done."
Liu has a deep understanding of the country's economic issues, and was elected last October into the 25-member Politburo, the second-highest tier in Beijing's political power structure after the seven-member Politburo Standing Committee,
Liu won a top Chinese economics study award in 2015 for his research on the global financial crisis, and is widely seen as masterminding Xi's supply-side reforms which are cutting excess factory capacity and pivoting the economy away from low-value industries.
Liu, who speaks fluent English, gained a master's degree in public administration at Harvard's Kennedy School of Government in 1995.
He had been the head of the General Office of the ruling Communist Party's Central Leading Group for Financial and Economic Affairs and a vice minister of the National Development and Reform Commission (NDRC) - China's top economic planner.
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