he lifeng

This week, US President Donald Trump will embark on a pivotal journey to China, where his host expects 'more stability' in terms of trade disputes and the turbulence in the Middle East. A day before his visit, key economic advisers and trade negotiators will meet in Seoul to finalise critically important negotiations.

US Secretary of the Treasury, Scott Bessent, on Wednesday, praised Japan's economic resilience and highlighted the importance of economic security during meetings with senior Japanese leaders on Tuesday as part of his Asia visit. The visit came ahead of US President Donald Trump's upcoming summit with Chinese President Xi Jinping in Beijing from May 13-15.

During his recent trip to Beijing, President Trump showcased a willingness to engage in conversations about US arms sales to Taiwan, confident that his personal bond with Xi Jinping would act as a buffer against any potential Chinese aggression. The visit, primarily focused on enhancing trade relations, also included key American business leaders.

China's economic planning body, the NDRC, has effectively halted Meta's $2 billion acquisition of AI firm Manus. Despite the company reincorporating in Singapore and moving its operations, Beijing intervened, barring founders from leaving and ordering the deal unwound. This move signals a significant shift in China's oversight of tech deals, impacting future foreign investments.

The US Treasury Department and China's Ministry of Finance have initiated economic working groups led by Treasury Secretary Janet Yellen and Vice Premier he lifeng, aimed at improving relations and communication between the two nations. These groups will focus on economic and financial aspects to promote fair competition and address concerns. The move comes after high-level officials' visits and may pave the way for a meeting between President Biden and Chinese President Xi Jinping.

China's Vice premier he lifeng has been appointed director of the ruling Communist Party's commission on economic policy, the financial sector, and trade ties with Washington. He's new role strengthens his position as the country's economic overlord. He has replaced Liu He, who retired, as director of the office of the Central Finance and Economic Affairs Commission. He has met with US Treasury Secretary Janet Yellen and EU Trade Commissioner Valdis Dombrovskis, and accompanied President Xi Jinping on his visit to China's central bank.

Said May Delay China Summit, Warned Nato Of ‘Bad’ Future If It Doesn’t Assist

United States and China engaged in direct trade negotiations in Geneva, aiming to de-escalate tensions marked by significant tariff increases. US treasury secretary Scott Bessent and trade representative Jamieson Greer met with Chinese vice premier he lifeng. Despite lengthy discussions, no immediate breakthroughs were achieved.

One of China's vice premiers, he lifeng, has been appointed head of the office of the Central Financial Commission (CFC) - which is responsible for running the day to day affairs of the new regulator tasked with overseeing the country's vast financial sector. He was also appointed as party chief of a separate Central Financial Work Commission, which has been set up to strengthen the ideological and political role of the party in China's overall financial system.

US Treasury Secretary Scott Bessent will meet Chinese Vice Premier he lifeng in Spain. They will discuss national security, economic and trade issues. TikTok and money laundering are also on the agenda. China confirmed Lifeng will lead the delegation. Discussions will include tariffs and export controls. Meetings between diplomats and defence chiefs occurred earlier. Trump expects to visit China soon.

China has appointed Vice-Premier he lifeng to lead a new Communist Party organization focused on the financial sector. He emphasized the need to strengthen the Party's leadership in finance and called for increased inspection and rectification of financial systems. He will also be visiting the United States as Beijing's main representative for China-US economic and trade affairs. However, he is not responsible for technology or manufacturing, which are handled by other Vice-Premiers.

China used its platform at the World Economic Forum in Davos to warn that trade and tariff wars help no one and risk deepening global economic tensions. Vice-Premier he lifeng called for cooperation over isolation, saying China would open its economy further and focus on boosting domestic demand, even as global trade disputes escalate under US President Donald Trump’s expanded tariff policies.

President Trump announced "great progress" in US-China trade talks in Geneva, hinting at a potential "total reset" in relations. Discussions, led by US and Chinese officials, aimed to ease trade tensions following tariff hikes. While expectations remain modest, the resumption of dialogue is viewed positively, with potential tariff de-escalation on the horizon.

China criticizes Yellen's pretext for U.S. policies, advocates innovation. Xinhua notes overproduction of electric vehicles, solar panels impacting markets amid demand slump in Guangzhou meetings.

Chinese financial officials have expressed concerns to visiting US Treasury officials regarding US tariffs, investment restrictions, and sanctions aimed at suppressing Chinese companies. The discussions, held in Beijing this week, focused on various issues including the macroeconomic situation, policy, and developing countries' debt. Both sides had extensive and constructive exchanges and agreed to maintain ongoing communication.