Now, it is as official as an ascent to an unofficial role can be: Vice Premier He Lifeng is China’s new economic czar. A few days ago, it was announced that he was promoted to leading positions in three CCP internal committees that oversee finances and the economy. These committees are part of the network of party commissions created by State and Party Chairman Xi Jinping over the past ten years, most of which he formally chairs. These commissions have transferred significant powers from the State Council to the party.