BEIJING, Sept 28 - China's Communist Party has appointed Lan Foan as the new finance ministry party chief, the ministry said in a statement on Thursday, a move that puts him on track to become the next finance minister.
Lan began his career at the finance department of the southern Guangdong province in 1985, after graduating from the Hubei University of Finance and Economics, and became a vice provincial chief in 2016, according to his profile. The world's second-largest economy is showing some signs of stabilising after a flurry of modest policy measures, but the outlook is clouded by a property downturn, aging demographics, high debt and geopolitical tensions.
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