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Recent weeks have seen a notable intensification in trade tensions between the United States and China, the two largest economies in the world.
In a move aimed at strengthening its position in international trade discussions, China announced on Wednesday the appointment of Li Chenggang as the new vice minister of commerce. Li replaces Wang Shouwen and is expected to play a pivotal role in Beijing’s trade negotiation strategy amid ongoing disputes with the U.S.
Currently, there have been no indications of impending trade talks between the two nations, as both have escalated their imposition of tariffs, further complicating the economic landscape.
Li Chenggang is not unfamiliar with the pressures of global commerce; he recently participated in a symposium that brought together prominent Chinese entrepreneurs to discuss the challenges faced by private companies. This engagement followed President Xi Jinping’s declaration of support for the private sector in February, highlighting the government’s recognition of the vital role such companies play in the economy.
This appointment is part of a broader reshuffling within China’s leadership, which has also seen the departure of key figures such as Wang Zhizhong, the head of the National Immigration Administration, and Vice Foreign Minister Chen Xiaodong.
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