Trade Negotiator Anointed

China has replaced its veteran trade negotiator, Vice Premier Liu He, with He Lifeng, a close ally of President Xi Jinping and the current Vice Premier overseeing economic policy. This change signals a potential shift in China's approach to trade negotiations, particularly with the United States. Liu He, who had been China's main trade envoy since 2018, is stepping down due to age and the reshuffling of government positions. While respected internationally and known for his pragmatic approach, his departure signifies a new era in China's trade diplomacy. He Lifeng's appointment is significant because of his close relationship with President Xi, having worked with him in Fujian province decades ago. He's considered a key architect of China's economic policies and known for prioritizing national interests and strategic goals. The shift comes amid ongoing trade tensions between the U.S. and China, despite recent efforts to re-establish communication channels. Experts suggest He Lifeng's background and close ties to the President could mean a more assertive stance in future trade negotiations, emphasizing China's self-reliance and technological advancement goals, potentially making future compromises more challenging. The implications of this change remain to be seen as the global economic landscape continues to evolve. find the original article here: https://finance.yahoo.com/news/china-changes-top-trade-negotiator-035624976.html