China Appoints New Economic Czar as Growth Rebounds but Risks Loom
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Chinese Vice Premier He Lifeng appointed director of ruling party's key economic body, replacing predecessor Liu He
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He has taken on Liu's high-profile economic portfolio overseeing policy, financial sector and U.S. trade ties
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Regarded as Xi confidant, but ascent has surprised some who expected Premier Li Qiang to take bigger economic role
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He expected to be named head of new top party economic watchdog when it's revived, tightening party control
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Comes as economy grows faster than expected but faces property crisis, high unemployment, private sector weakness