Oct 25, 2023 06:46 AM

FINANCE

China Names Lan Foan to Be New Finance Minister

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Lan Foan

Lan Foan

What’s new: China named public finance specialist Lan Foan (蓝佛安) to be its new finance minister, replacing Liu Kun, state broadcaster CCTV reported Tuesday.

The appointment was widely expected after Lan was named Communist Party chief of the Ministry of Finance in late September. He previously served as the party chief of Shanxi province. The 66-year-old Liu’s five-year term expired.

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