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BEIJING - China's Vice Premier He Lifeng has been appointed director of the ruling Communist Party's commission covering economic policy, the financial sector and trade ties with Washington, strengthening his status as the country's economic overlord.
State media for the first time referred to He by his latest title in a readout of his meeting with a visiting French official on Sunday. "He Lifeng is in the post to execute Xi's ideas but not to question him, as Liu He could," said an advisor who had sometimes sat in on briefings with both He and Liu, and spoke on condition of anonymity.
The world's second-largest economy grew faster than expected in the third quarter, though it is suffering from a domestic property crisis, high youth unemployment, depressed private sector confidence, and a slowdown in global growth.
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