KEY POINTS
  • The ruling Communist Party of China is establishing commissions to oversee finance and tech, state media announced Thursday.
  • The changes come as Chinese President Xi Jinping sees unity under the party as essential for building up the country.
  • Beijing has yet to announce who will head the new party commissions.
People pose with the Chinese Communist Party flag during a visit to the Museum of the Communist Party of China in Beijing on March 3, 2023, ahead of the opening of the annual session of the National People's Congress on March 5.

BEIJING — The ruling Communist Party of China is establishing commissions to oversee finance and tech, state media announced Thursday.

The changes come as Chinese President Xi Jinping sees unity under the party as essential for building up the country. That contrasts with a tendency of Chinese leaders in past decades to delegate more power to the government and its ministries.