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China’s Communist Party
ChinaPolitics

Vice-Premier He Lifeng shown to be China’s point man on economic ties, reaching trade agreement with Germany

  • He covers a bigger footprint in the trade portfolio than his predecessor Liu He but is not responsible for tech or manufacturing
  • It is not yet clear who will take lead with Britain because Beijing and London have not yet resumed economic dialogue after pandemic pause

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On Sunday, Chinese Vice-Premier He Lifeng meets Christian Lindner, German Minister of Finance, and Joachim Nagel, President of the Deutsche Bundesbank. Photo: DPA
William Zheng
Vice-Premier He Lifeng has become China’s point man on economic ties with multiple developed economies and he covers a bigger footprint on trade than his predecessor Liu He.
Chinese state media has revealed He’s latest title as “lead person” of the China-Germany High-level Financial Dialogue. His delegation to Frankfurt on Sunday reached a 25-point joint agreement with Germany, agreeing to expand market access, deepen investment and strengthen cooperation through multilateral economic frameworks.

Before that, He, one of President Xi Jinping’s most trusted confidants, was referred to as the “lead person” in similar dialogues with the United States, European Union and France.

03:03

US-China relations depend on strong economic ties, says US commerce chief during talks in Beijing

US-China relations depend on strong economic ties, says US commerce chief during talks in Beijing

It effectively puts trade involving a large chunk of developed economies under He, who was named one of four-vice premiers in China’s State Council in March.

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His remit is broader than that of his predecessor Liu, who President Xi described as “very important to me” when speaking to the the former US national security adviser Thomas Donilon in 2013.

As vice-premier between 2018 and 2023, Liu was in charge of trade dialogues with the US, EU and Germany, while trade ties with France and Britain were overseen by former vice-premier Hu Chunhua.
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It is not clear who Beijing’s point man with Britain’s economic officials will now be because Beijing and London have not announced the resumption of their economic dialogue, which was halted because of Covid-19 disruptions and a lack of will from either side to boost ties amid geopolitical tensions.

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