Chinese Vice-Premier He Lifeng’s growing influence on economic policy shown as former subordinate joins top finance policy body

Chinese Vice-Premier He Lifeng’s growing influence on economic policy shown as former subordinate joins top finance policy body

Yan Pengcheng, who served under He in various roles at the National Development and Reform Commission (NDRC), has been appointed as a deputy head of the general office of the Central Financial and Economic Affairs Commission. The latter is a powerful Communist Party body responsible for managing the world’s second-largest economy and He is director … Read more

Janet Yellen in China: how far did trip move the ball for US-China relations as presidential election looms?

Janet Yellen in China: how far did trip move the ball for US-China relations as presidential election looms?

The week-long trip to China by US Treasury Secretary Janet Yellen sidestepped core economic disputes, and without headway, analysts said the pressure of November’s presidential election could force the Biden administration “to be more aggressive” on the trade front. Yellen ended her second trip to China in 10 months on Tuesday, having met Chinese officials … Read more

Janet Yellen in China: what’s on the table as Washington’s ‘effective emissary’ begins her trip?

Janet Yellen in China: what’s on the table as Washington’s ‘effective emissary’ begins her trip?

Premier Li Qiang, Vice-Premier He Lifeng, Minister of Finance Lan Fo’an, central bank governor Pan Gongsheng and Liu He, China’s former vice-premier who led previous trade negotiations with the US, would also meet with Yellen during trip, the US Treasury statement added. Current affairs: sparks fly between China, US over EVs before Janet Yellen visit … Read more