Last year US Treasury Secretary Paulson during his September trip to China, made a rare first stop in Zhejiang to meet with then Party Secretary Xi Jinping because he regarded him as a rising star among the communist party. It seems he was dead on.
Today China’s state media officially announced that Xi Jinping will take over from interm Shanghai Party Secretary Hanzheng and will now be the perminent secretary of China’s largest and most important economic center. He also gets a seat on the politburo. Last year former Shanghai Party Boss Chen Liangyu and protege of Jiang Zemin was ousted for corruption charges in a scandal that gripped the country.
It will be interesting to see what this will do for Paulson and his long term China goals. It’s also questionable if his goals can even be long term, after the 08′ presidential elections his own political future is in question as well.
习近平调任上海市委书记 BBC Chinese