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Vice-Premier He Lifeng will oversee China’s monetary issues and foreign investment
- The 68-year-old will take charge of China’s financial stability and security
- He takes over responsibilities from former vice-premier Liu He
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Vanessa Caiin Shanghai
One of China’s new vice-premiers, He Lifeng, has begun working on tasks related to monetary issues and foreign investment, indicating his new role in overseeing the two areas.
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On Sunday, the 68-year-old Politburo member met visiting International Monetary Fund managing director Kristalina Georgieva to discuss international economic and financial situations, according to a Xinhua report.
The Ministry of Commerce on Monday also announced that He would deliver an address at a ministry-organised event on Tuesday to encourage foreign investment.
He is the former head of the National Development and Reform Commission (NDRC), the country’s top economic planner. He was confirmed as one of the four vice-premiers during the annual session of the national legislature earlier this month, alongside Ding Xuexiang, Zhang Guoqing and Liu Guozhong.
He’s working relations and close ties with President Xi Jinping are believed to date back to the 1980s.
The portfolio assignments of the new vice-premiers have not been made public. But He, who was promoted to the Politburo in October and has succeeded former vice-premier Liu He, had been expected to continue duties related to financial stability and security.
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