New economic team, reg revamp bring in Xi's reform allies

The appointment of new individuals to China's economic team, combined with its biggest regulatory revamp in over a decade, indicates that market reforms are likely to continue, albeit at a relatively gentle pace, economists, fund managers and political analysts told AsianInvestor. A series of top political and economic appointments announced on Monday indicated that key Xi allies had been handed plum positions. The relatively surprising appointment was however that of Yi Gang, a…