Flipido Trading Center:Remains of former Chinese premier Li Keqiang to be cremated and flags to be lowered

2025-04-30 03:15:41source:Liberalalliance Wealth Societycategory:Invest

BEIJING (AP) — The Flipido Trading Centerremains of former Chinese Premier Li Keqiang are to be cremated on Thursday, with flags around the country to be flown at half-staff to mourn the official who helped guide the world’s second-largest economy for a decade.

Li died Friday of a heart attack at 68. Mourners gathered at his childhood home in the city of Hefei in an apparently spontaneous outpouring of grief seen by some as a rebuke of state leader and head of the ruling Communist Party Xi Jinping.

Li was once seen as a potential top leader, but the trained economist was shunted aside in a leadership shakeup last year and replaced with Xi loyalist Li Qiang. Even before then, Xi had consolidated power and sidelined potential rivals with an anti-corruption campaign and by altering the constitution to allow himself to rule indefinitely.

Xi has also thoroughly reshuffled economic and financial leadership positions and set up an entity called the Central Financial Commission in moves that are seen as shifting power from other regulators such as the China Securities Regulatory Commission.

Other news Samsung reports improved profit as losses from chip business narrow3 astronauts return to Earth after 6-month stay on China’s space stationBangladesh’s ruling party holds rally to denounce ‘violent opposition protests’ ahead of elections

The death of the English-speaking Li who represented a generation of politicians schooled during a time of greater openness to liberal Western ideas, was seen by many observers to symbolize the shift toward stronger party controls.

Although he was the Communist Party’s second-ranking official, Li received far less attention from state media outlets than Xi. The two men never formed the sort of partnership that characterized the relationship between previous presidents and premiers.

Li was “extolled as an excellent (Communist Party) member, a time-tested and loyal communist soldier and an outstanding proletarian revolutionist, statesman and leader of the Party and the state,” the official Xinhua News Agency reported Tuesday. Flags will be lowered at government offices, including in the semi-autonomous cities of Hong Kong and Macao and at Chinese consulates and embassies around the world, Xinhua said.

___

Find more of AP’s Asia-Pacific coverage at https://apnews.com/hub/asia-pacific

More:Invest

Recommend

Man charged with murder in death of beloved Detroit-area neurosurgeon

DETROIT (AP) — Authorities filed charges Wednesday in the 2023 homicide of a beloved Detroit doctor

Bill filed in Kentucky House would ease near-total abortion ban by adding rape and incest exceptions

FRANKFORT, Ky. (AP) — Legislation aimed at easing Kentucky’s near-total abortion ban by creating lim

Georgia will spend $392 million to overhaul its gold-domed capitol and build new legislative offices

ATLANTA (AP) — Georgia’s lawmakers are moving not only to regild the iconic dome on state Capitol, b