China Considering Veteran Banker as Next PBOC Head, WSJ Says

The video discusses the recent developments in China's political and economic landscape, focusing on the potential appointment of a new Vice Premier in charge of economic policy and the consolidation of power under Xi Jinping. It highlights the implications for the financial sector and the upcoming MPC meeting, suggesting a trend towards centralized decision-making and control over the $60 trillion financial system.

What historical context is provided regarding the role of the party secretary and vice premier in economic policy?

In what ways has the financial sector's control shifted under Xi Jinping's leadership?