(L-R) Chinese President Xi Jinping, Chinese Premier Li Keqiang, Chinese Vice Premier Wang Yang, Zhao Leji, secretary of the Central Commission for Discipline Inspection, and Wang Qishan, former secretary of the Central Commission for Discipline Inspection, attend the fourth plenary session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China March 13, 2018. REUTERS/Jason Lee
BEIJING (Reuters) - China is merging its banking and insurance regulators, giving new powers to policymaking bodies such as the central bank and creating new ministries in the biggest government shake-up in years.
The revamp is a cornerstone of President Xi Jinping's agenda to put the leadership of the ruling Communist Party squarely at the heart of policy with Xi himself at the core of the party.
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