WANG QISHAN FULL

Wang’s new position as deputy to Xi also shows how these two individuals’ careers led them to working together in Beijing. Given that they are old US hands, President Xi can also delegate to the Wang Qishan and Liu He combine in engaging with the US especially after Trump’s call for trade war with China.Ĭhina’s Crisis Man to Anti-Corruption Czar Even in the Hu-Wen era, Wang’s financial acumen was employed in negotiating the China-US Strategic and Economic Dialogue post-2008 financial crisis. He was also instrumental in establishing China International Capital Corp (CICC) China’s first investment bank and served in Zhu Rongji’s cabinet. Later, Wang headed prominent national banks including as a governor of China Construction Bank (1994-97) and vice-governor of People’s Bank of China (1993-94). Marrying Yao Mingshan (姚明珊),daughter of Yao Yilin, a conservative vice-premier under Zhao Ziyang, Wang’s political career rose steadily as pioneer of rural and agriculture reforms. He was one of the early beneficiaries of the reform period’s ‘successors training program’ where scores of young elites were recruited in the party-state echelons. A student of modern history, he did everything but history when he joined the Rural Development Research Center after becoming a party member. Wang Qishan, a Shanxi native, who joined the CPC in 1983 was also a ‘sent down youth’ during the Cultural Revolution. Recently, he was also among the select few Chinese leaders who met with the North Korean leader Kim Jong-un when the latter had a secret visit to Beijing.įrom ‘Worker-Peasant-Soldier Student’ to Financial Honcho! Wang’s seating position in the NPC presidium was a clear message of Wang’s comeback. Thus, getting elected as a National People’s Congress (NPC) deputy from Hunan and a member of the 190-member NPC Presidium, Wang’s elevation as Xi’s deputy was on the cards. It is also speculated that Wang is attending closed-door PBSC deliberations even after his retirement. With Wang, the position becomes a power centre to reckon with in the coming future. Hence, what better than Wang becoming a ‘deputy’ occupying the state vice-president’s post, a ceremonial position. But with Xi’s continuing emphasis on party building ( 党建设 dang jianshe) and anti-corruption campaign (反腐败运动 fan fubai yundong), a trusted lieutenant like Wang Qishan became indispensable for Xi Jinping. The party adhering to the ‘7-up-8-down’ principle (七上八下 qi shang ba xia) led to retirement of all PBSC members above 68 years. He was almost certainly referring to bringing Wang Qishan as state vice-president, a ‘special talent’ which Xi did not want to waste and which can help him maintain his grip on party’s anti-corruption campaign and control over the 1.39 billion strong party-state.Īlthough Wang’s continuation as a PBSC member was much debated in the run-up to the party congress in fall 2017, his non-selection as a Central Committee member was not surprising. At the sidelines of the lianghui- ‘two meetings,’ the National People’s Congress and Chinese People’s Political Consultative Conference – Xi emphasised that ‘human talent’ as one of the ‘Three Firsts’ in Xi Jinping Thought (人才是第一资源 rencai shi di yi ziyuan). Wang, 69 who resigned from the Politburo Standing Committee (PBSC) at the 19th National Party Congress in October 2017 polled 2969 votes in the total of 2980 deputies and making a comeback indicates a boost to Xi Jinping’s power. On 17th March 2018 Wang Qishan got elected as the Vice-President of PRC succeeding Li Yuanchao.

Subba, Research Associate, Institute of Chinese Studies

WANG QISHAN FULL

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Wang qishan