Posted 11/1/2023, 4:53:01 AM
He Lifeng Takes Over as China's Economic Chief, Faces Challenges Tackling Debt and Growth
- He Lifeng replaces Liu He as China's economic policy chief but lacks Liu's financial market standing
- He faces challenges tackling local debt, property sector woes that threaten growth
- Seen as tough, uncompromising bureaucrat closely implementing Xi's policies
- Has close ties to Xi dating back decades but little financial sector experience
- Tasked with stimulating economy amid geopolitical tensions with West