China Turns to `Princeling,' Poet to Tackle Economy That Refuses to Cool

(Bloomberg) -- Signs that China's economy is at a
boiling point are hard to miss. Sparks rain down on Beijing from
night-and-day construction. Inflation is accelerating. Investors
clamor to buy stocks valued at 45 times earnings.

To cool expansion in the world's fastest-growing major
economy, Premier Wen Jiabao turns to a team of technocrats led
by central bank Governor Zhou Xiaochuan, 59, the ``princeling''
son of a Communist Party leader, and Ma Kai, 60, a poet who
heads the nation's top economic-planning agency.


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