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China's finance minister resigns for "personal reasons"

China's finance minister resigns for "personal reasons"

Chinese Finance Minister Jin Renqing has resigned for "personal reasons," the government said Thursday.
The State Council, or Cabinet, has transferred Jin to the State Council's Development Research Center, a think tank, where he will be deputy chief, a ministerial-level position.
No other details were given in the statement, which comes after several days of rumors that Jin would step down. He has been finance minister since 2003.
The personnel change comes amid rising concerns over accelerating inflation and a surging stock market.


Updated : 2021-03-06 01:42 GMT+08:00