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He Lifeng

He Lifeng
The latest news on Chinese economist and politician He Lifeng, Vice Premier of the People’s Republic of China, including political stories and updates.
Born
Feb 1955
Industry
Politics
Job Title
Vice Premier of China
China has recorded a strong inflow of foreign capital into its bond and equities markets in recent months, as investors look to hedge against the United States. Photo: EPA-EFE
China's economic recovery

China records bumper capital inflow as Gulf investors hedge against US

China saw a US$33 billion capital inflow in May, as investors seek a safe haven and reduce their US exposure amid rising global instability.

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Hong Kong economy

Hong Kong re-exporters urged to remain cautious despite US-China trade talks

US-China trade war

After heated London talks, where do China-US trade relations stand?

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US-China relations

Editorial | Step in right direction as US and China ease trade war tensions

‘Framework’ agreement reached in London is only the start on a long road to normalising economic relations.

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The US and China still have two months before the end of the tariff pause in which to resolve their trade issues. Photo: AFP
US-China trade war

US Treasury chief slams ‘unreliable’ China at House hearing on Trump trade policy

His claim Beijing has ‘most unbalanced economy in the history of the world’ fails to sway Democrats’ scepticism over administration’s ‘whims’.

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China trade

China, US agree to ‘done deal’, Trump says, pending sign-off by President Xi

‘Full magnets, and any necessary rare earths, will be supplied, up front, by China,’ American leader adds, following trade talks in London.

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US-China trade war

US-China trade framework still leaves lots of work

An agreement “in principle” in London revives US-China trade talks while still leaving plenty of details to be filled in.

Journalists waiting outside Lancaster House. Photo: Reuters
China trade

‘Making a dent’: race is on to reap rare earths elsewhere amid China’s dominance

‘If China imposes export restrictions on rare earth components, the US will just find alternative sources,’ former AmCham China chair says, pointing to challenges.

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US-China trade war

China, US officials agree to ‘framework’ that will need approvals by Xi, Trump

Two sides will ‘bring back a report to our respective leaders the talks in the meeting as well as the framework that was reached in Geneva’.

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US-China trade war

Why Trump’s nuclear export controls won’t stop China, may hurt US firms: analysts

While Washington has the advantage in semiconductors, nuclear power is a different story, analysts say.

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A drone photo shows a construction site of the Tianwan Nuclear Power Station Unit 8 in Lianyungang, east China’s Jiangsu Province, June 19, 2024. Photo: Xinhua
China exports

China export slowdown adds impetus to trade talks

The US and China start trade talks in London on Monday under the shadow of slowing Chinese exports and US hunger for rare earths.

Photo: AFP
US-China relations

Editorial | Smart money in US still bets on Beijing

From banking giants to tech behemoths, American firms are a step ahead of Washington politicians when it comes to understanding the value of China.

US-China trade war

Taco trade? US leader challenges claim that ‘Trump always chickens out’ in talks

President touts tariff successes as Wall Street acronym for a way to profit from his fitful negotiating style makes the rounds.

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US-China relations

Chinese vice-premier meets US finance chiefs amid trade war charm offensive

He Lifeng told senior executives from Citigroup and Carlyle Group that the country’s economy was showing ‘resilience and vitality’.

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Chinese Vice-Premier He Lifeng has met a number of US business leaders in recent months. Photo: Reuters
US-China relations

My Take | China counts on 3 strategies to survive US tariff and tech war

Beijing has come up with a game plan to overcome its internal and external threats, and navigate beyond Trump’s presidency.

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Chinese Vice-Premier He Lifeng and US Treasury Secretary Scott Bessent meet in Geneva, Switzerland, on May 10. Photo: Reuters
US-China trade war

Opinion | With an unpredictable Trump, it’s best to be cautious over US-China trade truce

While the rollback of tariffs restores a measure of normality to global markets, the world will not return to the status quo ante.

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US-China relations

Outside In | China’s message on trade deals is clear: multilateral is the only way

The choice of the Swiss city of Geneva for US-China negotiations was telling, and the breakthroughs achieved are only the start of a long process.

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China-EU relations

Europe warned to change fast or become a ‘shock absorber’ of US-China trade war

Continent’s outlook is bleak despite reduced Sino-American tensions as it needs to adapt quickly amid Washington’s efforts, analysts say.

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European governments view the US-China tariff deal as possibly buying them time on what is anticipated to be a wave of diverted Chinese exports to EU ports. Photo: AP
US-China trade war

Did China’s ‘skilled’ negotiators help break the US trade deadlock?

US officials praised the negotiating style of Chinese counterpart He Lifeng at the successful talks, where Li Chenggang made his debut.

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US-China relations

Trump says he may speak to Xi Jinping this week following tariff agreement

‘Total reset’ in bilateral relations achieved, he adds, after weekend talks in Switzerland yield agreed reduction in tariffs for 90 days.

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US-China trade war

China, US reduce majority of tariffs after first round of trade talks

Beijing and Washington agreed to remove most tariffs imposed since April’s ‘Liberation Day’ package following two days of negotiations.

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Senior officials from the United States and China met in Switzerland over the weekend to discuss a deal to de-escalate the ongoing trade war between the world’s two largest economies. Photo: Reuters
US-China trade war

Video | Watch: US Treasury chief Scott Bessent holds press briefing on trade talks

Two days of talks described as ‘constructive’ by China’s Vice-Premier He Lifeng earlier.

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US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer talk to the media on Sunday following talks with China in Geneva, Switzerland. Photo: Reuters
US-China trade war

How US-China trade talks beat expectations and stopped the bleeding, for now

Analysts say the outlook appears more rose-tinted after weeks of tit-for-tat tariff escalations, and the implications for businesses, markets and consumers look encouraging.

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SCMP Highlights

US-China talks in Geneva, why Indonesians are ‘flourishing’: 5 weekend reads

From China and the US’ trade talks in Geneva to why Indonesians are ‘flourishing’, here are five stories you may have missed over the weekend.

Hong Kong stock market

Hong Kong stocks rally most in 2 months as US, China agree to cut tariffs

Beijing and Washington say they ‘have taken important steps to resolve differences through equal dialogue and consultation’.

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Screens display stock information at Exchange Square in Hong Kong on April 7, 2025. Photo: EPA-EFE
Yuan

Offshore yuan gets a lift as market awaits outcome of US-China trade talks

With both China and the US reporting ‘progress’ in their first trade talks, the offshore yuan had strengthened to 7.22 per US dollar by Monday.

China’s offshore yuan has appreciated in value after progress was reported in trade talks with the US. Photo: AFP
US-China trade war

US-China agree to ‘trade consultation mechanism’, conduct further talks: He Lifeng

China is ready to work with the US to manage differences and make the ‘pie of cooperation bigger’, state media quotes vice-premier as saying.

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E-commerce

Temu points Chinese sellers to new markets amid US tariff woes

US tariffs are prompting Chinese merchants to seek alternative markets, but some sellers remain hopeful that the worst is soon behind them.

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