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The State Council also appointed Ding Xuedong, deputy secretary-general of the cabinet, to the committee, replacing his predecessor Xiao Jie, who is now finance minister.
The 15-member policy panel, chaired by central bank governor Zhou Xiaochuan, includes Lian Weiliang, a vice head of the National Development and Reform Commission, Shi Yaobin, a vice finance minister, and heads of banking, securities and insurance regulators.
Influential Chinese economists Fan Gang, Huang Yiping and Bai Chongen also sit on the policy panel.
The policy committee meets once every quarter to discuss economic and policy issues and would recommend any changes or action when necessary, but its influence is limited given that key currency and interest rate decisions must be signed off by senior cabinet and party leaders.
(Reporting by Beijing Monitoring Desk and Kevin Yao; Editing by Jacqueline Wong)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)