Tag: He Lifeng (1955- )

Xi Jinping Is Asserting Tighter Control of Finance in China

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In his decade as China’s top leader, Xi Jinping has asserted greater control for himself and the Communist Party over the country’s economy. Now, Mr. Xi has moved to extend that power more forcefully than ever over China’s financial system. The Communist Party issued a detailed ideological statement on Friday in Qiushi, the party’s main official theoretical journal, that made clear that it expected banks, pension funds, insurers and other financial organizations in China to follow Marxist principles and pay obedience to Mr. Xi. The Qiushi paper, which was being…

Janet Yellen, U.S. Treasury Secretary, Will Meet With Chinese Counterpart

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Treasury Secretary Janet L. Yellen will hold two days of high-level meetings with her Chinese counterpart, Vice Premier He Lifeng, this week, as the United States and China look to build upon an effort that started this year to improve communication between the world’s two largest economies. The meetings will take place on Thursday and Friday in San Francisco ahead of the Asia-Pacific Economic Cooperation summit, which begins on Saturday. The meetings will help lay the groundwork for expected talks at the summit between President Biden and China’s top leader,…

U.S. Does Not Want to ‘Decouple’ From China, Commerce Chief Says

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High-ranking United States and Chinese officials held a series of economic policy meetings on Tuesday in Beijing, in the latest sign that both countries are trying to stop the long deterioration in their relationship and restore communications. Gina Raimondo, the U.S. commerce secretary, and other top officials from her department on Tuesday afternoon met with Vice Premier He Lifeng at the Great Hall of the People, next to Tiananmen Square in the heart of Beijing. Mr. He has broad oversight of economic policy, and has long been closely associated with…

U.S. Commerce Secretary Meets With China’s Economic Czar

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High-ranking United States and Chinese officials held a series of economic policy meetings on Tuesday in Beijing, in the latest sign that both countries are trying to stop the long deterioration in their relationship and restore communications. Gina Raimondo, the U.S. commerce secretary, and other top officials from her department began meeting early Tuesday afternoon with Vice Premier He Lifeng at the Great Hall of the People, next to Tiananmen Square in the heart of Beijing. Seated in a red-carpeted reception room on the second floor of the Great Hall,…