China, Communist | featured news

China plans major bond market reform to raise the money the ruling Communist Party needs for a 40 trillion yuan ($6.4 trillion) urbanization program to buoy economic growth and close a chasm between the country's urban rich and rural poor.

The Communist Party official is named to a post that is considered a steppingstone for assuming the leadership. He has a reputation for being tough on corruption and friendly toward business, even foreign companies. Unless something goes badly wrong for Xi Jinping over the next two years, it looks like a fait accompli that the 57-year-old Communist Party official, who has been groomed his entire career for leadership, will be China's next president.