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Vol 4 (AAC) No 6

Published 1st April 2011

Wang Tianpu

President, China Petrochemical Corporation (Sinopec)

When Sinopec Chairman Su Shulin stepped down this month, President Wang Tianpu was the favourite to take over China’s second-largest oil company, but his rise may be stymied. In a surprise appointment, on 8 April the Beijing government instead installed the head of the China National Offshore Oil Corporation (CNOOC), Fu Chengyu, as Sinopec’s boss – and also as Chairman and Communist Party Committee Secretary. Su Shulin has been tipped for the governorship of Fujian Province, an important step toward the national leadership. The Communist Party Politburo’s current number two (Vice-President Xi Jinping) and number four (Jia Qinglin) both held the Fujian post on their way to the top.

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