Lou Jiwei (; born December 1950), is a Chinese politician, and current director of the 13th CPPCC Foreign Affairs Committee. Lou was Chairman of China's

National Council for Social Security Fund The National Social Security Fund is a supplementary fund of the People's Republic of China which is used for social security Welfare, or commonly social welfare, is a type of government support intended to ensure that members of a society ...

Minister for Finance A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", ...

, Chairman of

China Investment Corporation China Investment Corporation (CIC) (Chinese: 中国投资有限责任公司; pinyin: ''zhōngguó tóuzī yǒuxiàn zérèn gōngsī'') is a sovereign wealth fund that manages part of the People's Republic of China's foreign exchange reserves. C ...

and

Central Huijin Investment Central Huijin Investment Co., Ltd. is a Chinese investment company owned by the Central People's Government, government of the People's Republic of China. Established in 2003, it became a wholly owned subsidiary of China Investment Corporation, w ...

, Vice Minister of Finance of China and Vice-Governor of

Guizhou Guizhou (; formerly Kweichow) is a landlocked province in the southwest region of the People's Republic of China. Its capital and largest city is Guiyang, in the center of the province. Guizhou borders the autonomous region of Guangxi to t ...

Biography

Lou Jiwei was born in December 1950, is from

Yiwu Yiwu () is a county-level city under the jurisdiction of Jinhua in Central Zhejiang Province, East China. As of the 2020 census, the city had 1,859,390 inhabitants and its built-up (or metro) area, joined with that of the neighboring Dongy ...

Zhejiang Zhejiang ( or , ; , also romanized as Chekiang) is an eastern, coastal province of the People's Republic of China. Its capital and largest city is Hangzhou, and other notable cities include Ningbo and Wenzhou. Zhejiang is bordered by Jiang ...

, and holds a master's degree in economics. He started working in February 1968, joined the

Chinese Communist Party The Chinese Communist Party (CCP), officially the Communist Party of China (CPC), is the founding and One-party state, sole ruling party of the China, People's Republic of China (PRC). Under the leadership of Mao Zedong, the CCP emerged victoriou ...

in January 1973, and graduated from the Institute of Quantitative and Technological Economics of the

Chinese Academy of Social Sciences The Chinese Academy of Social Sciences (CASS) is a Chinese research institute and think tank. The institution is the premier comprehensive national academic research organization in the People's Republic of China for the study in the fields of ...

with a major in economic system analysis in December 1984. He is considered outspoken. * February 1968 – February 1973: Soldier,

South Sea Fleet The Southern Theater Command Navy (), or the South Sea Fleet (SSF; ) is one of the three fleets of the Chinese People's Liberation Army Navy, operating in the South China Sea under the Southern Theater Command. It is headquartered in Zhanjiang, G ...

People's Liberation Army The People's Liberation Army (PLA) is the principal military force of the People's Republic of China and the armed wing of the Chinese Communist Party (CCP). The PLA consists of five service branches: the Ground Force, Navy, Air Force, ...

* February 1973 – February 1978: Worker,

Shougang Group Shougang Group Co., Ltd., formerly Shougang Corporation is a Chinese state-owned steel company. Based in Beijing, its the Shijingshan district operations were moved out of the city prior to the Olympics due to concerns over pollution. Its subs ...

then Beijing Research Institute of Automation for Machinery Industry * February 1978 – February 1982: Student,

B.S. A Bachelor of Science (BS, BSc, SB, or ScB; from the Latin ') is a bachelor's degree awarded for programs that generally last three to five years. The first university to admit a student to the degree of Bachelor of Science was the University ...

, Department of Computer Science and Technology,

Tsinghua University Tsinghua University (; abbreviation, abbr. THU) is a National university, national Public university, public research university in Beijing, China. The university is funded by the Ministry of Education of the People's Republic of China, Minis ...

* February 1982 – February 1984: Student,

M.S. A Master of Science ( la, Magisterii Scientiae; abbreviated MS, M.S., MSc, M.Sc., SM, S.M., ScM or Sc.M.) is a master's degree in the field of science awarded by universities in many countries or a person holding such a degree. In contrast to ...

, Institute of Quantitative and Technological Economics,

* December 1984 – June 1986: Principal Staff, Finance Group, Research Office,

General Office of the State Council General Office of the State Council of the People's Republic of China () is an administrative agency of the State Council which assists the leaders with the day to day administrative operations of the Chinese government. It is also known as Stat ...

* June 1986 – August 1988: Deputy Director, Finance Group, Research Office,

* March 1986 – September 1986: Co-Director of Finance and Taxation Group, State Council Economic System Reform Program Design Leading Group (seconded)) * August 1988 – September 1988: Director, Cost Price Group, Institute of Finance and Trade Economics,

* September 1988 – February 1989: Principal Staff, Office of Economic System Restructuring,

Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flow ...

Municipal People's Government * February 1989 – January 1992: Deputy Director, Office of Economic System Restructuring,

Municipal People's Government * January 1992 – September 1995: Director, Department of Macro-Control System, State Commission for Economic System Restructuring * September 1995 – March 1998: Vice Governor and Member of Party Committee,

Provincial People's Government * March 1998 – February 2007: Deputy Minister and Deputy Party Chief,

Ministry of Finance of the People's Republic of China The Ministry of Finance of the People's Republic of China () is the cabinet-level executive department of the State Council which administers macroeconomic policies and the annual budget. It also handles fiscal policy, economic regulations a ...

* February 2007 – September 2007: Deputy Secretary-General,

State Council of the People's Republic of China The State Council, constitutionally synonymous with the Central People's Government since 1954 (particularly in relation to local governments), is the chief administrative authority of the People's Republic of China. It is chaired by the p ...

& Director of Preparatory Group, National Foreign Exchange Investment Corporation(

) * September 2007 – March 2013: Chair and Party Chief,

and

* March 2013 – November 2016: Minister and Party Chief,

* November 2016 – March 2019: Chair and Member of Party Committee,

* March 2019 – Present: Director, 13th Foreign Affairs Committee of the

CPPCC The Chinese People's Political Consultative Conference (CPPCC, zh, 中国人民政治协商会议), also known as the People's PCC (, ) or simply the PCC (), is a political advisory body in the People's Republic of China and a central part of ...

Lou is a member of the 16th Central Commission for Discipline Inspection, alternate member of the

17th Central Committee of the Chinese Communist Party The 17th Central Committee of the Chinese Communist Party was elected by the 17th Congress on 21 October 2007, and sat until the 18th National Congress in 2012. The 17th CC is composed of full members and alternate members. It was followed by the ...

, member of the

18th Central Committee of the Chinese Communist Party The 18th Central Committee of the Chinese Communist Party was elected by the 18th National Congress on 15 November 2012, and sat in plenary sessions until the communing of the 19th National Congress in 2017. It was formally proceeded by the 17t ...

, representative of the

19th National Congress of the Chinese Communist Party The 19th National Congress of the Chinese Communist Party (commonly referred to as ''Shíjiǔ Dà''; ) was held at the Great Hall of the People, Beijing, between 18 and 24 October 2017. 2,280 delegates represented the party's estimated 89 mill ...

, and standing member of the 13th CPPCC National Committee.

Comments on 2021 economic data

On 11 December 2021, at a forum held by the China Centre for International Economic Exchanges in

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

, Lou criticized the main economic indicators as insufficiently reflecting major economic problems, implying that recently released official warnings about economic pressures facing the country could not be explained by the indicators. In further support of his point, he mentioned his belief that among the 150 million economic entities registered as of 1 Novemberan increase by a half compared to a decade earlier, at least 40 million were not active.

Awards

In 2008,

Time magazine ''Time'' (stylized in all caps) is an American news magazine based in New York City. For nearly a century, it was published weekly, but starting in March 2020 it transitioned to every other week. It was first published in New York City on Mar ...

considered Lou to be one of the 100 most influential people in the world.Time.com: The 2008 TIME 100
Accessed May 8, 2008 Forbes Magazine considered him to be the 30th most powerful person in the world, according to their "Powerful People 2010" list. In 2011 he was included in the 50 Most Influential ranking of

Bloomberg Markets ''Bloomberg Markets'' is a magazine published six times a year by Bloomberg L.P. as part of Bloomberg News. Aimed at global financial professionals, ''Bloomberg Markets'' publishes articles on the people and issues related to global financial mar ...

magazine. Lou was listed as twelfth on

aiCIO ''Chief Investment Officer Magazine'' (formerly ''aiCIO'') was an English-language international finance magazine. It is now just a website owned by Strategic Insight. In 2009, the magazine was honored with Folio's Silver Ozzie Award for "Best ...

's 2012 list of the 100 most influential institutional investors worldwide.

References

{{DEFAULTSORT:Lou, Jiwei 1950 births Chinese Communist Party politicians from Zhejiang Living people Ministers of Finance of the People's Republic of China People from Yiwu People's Republic of China politicians from Zhejiang Political office-holders in Guizhou Politicians from Jinhua