He Lifeng Takes Over as China's Top Economic Policymaker from Liu He
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He Lifeng handed increased economic authority, takes over key policymaking role from predecessor Liu He.
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He promoted to vice-premier in March, now heads Central Financial and Economic Affairs Commission.
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Indicates He has greatly increased influence over China's economy, will aid dealing with property crisis, local debt, weak economy.
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Economic power seems to be gradually transitioning from Liu to He given Liu's age.
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Don't expect major policy changes, but He will try to mitigate economic slowdown and stabilize markets.