The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Finance Minister of the Year 2008: Xie Xuren, China

China’s finance minister has had a difficult first 12 months in charge, but has succeeded in maintaining the country’s economic momentum.

Xie Xuren, China.

Xie Xuren, China

Xie keeps the China fires burning 

XIE XUREN, CHINA’S minister of finance, took office in September 2007 when he replaced Jin Renqing. The 12 months that followed were extraordinary even by the high standards of newsworthiness that China has set in recent years, bringing a devastating earthquake and the spectacle of the Olympics. Behind these headline-grabbing incidents, though, another amazing China story continued: despite rising commodity prices, global financial turmoil and widespread fears over inflation and consumer spending slowdown, China’s growth continued at a rate of 10%. The year saw the country’s policymakers address the complex task of maintaining double-digit growth while managing difficult global environment and keeping inflation under control, and it is for their overall success in this field that Xie, the public face of China’s economic policymaking, wins the award.

It was a busy first year in office for the 60-year-old Xie, who was born in Ningbo city in the Zhejiang province of eastern China and served in various provincial administrative roles before joining the ministry of finance in 1990.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.

By continuing to use & browse the site you agree to our Privacy Policy.
I agree