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China Promotes Former Xi Colleagues in Economic Team Revamp

  • He Lifeng, who oversaw One Belt One Road, taking over NDRC
  • Zhong Shan, a deputy to Xi in Zhejiang, is commerce minister
He Lifeng

He Lifeng

Photographer: Imaginechina
Bloomberg News
Updated on

China chose former associates of President Xi Jinping to lead the commerce ministry and top economic planning body, shaking up his economic team as trade tensions rise with the U.S.

He Lifeng was appointed director of the National Development and Reform Commission, which sets macroeconomic policy, according to a statement released after the standing committee session of the National People’s Congress on Friday. Zhong Shan will lead the Ministry of Commerce, it said.