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China replaces the leading international trading negotiator as negotiations with the Washington Stall

Over the past two weeks, the tension between the two largest economies of the world has intensified.

Dilary Irem Sancar | Anatoly | Gets the image

China on Wednesday appointed Li Chenggg Vice -Minister and Main Representative for International Trade Talks, According to an official statementReplacing Van Shuven.

The appointment is 58 years old, China’s main member of the Chinese trade talks, since Beijing is engaged in trade disputes from the US so far, there were no signs of long -term trade negotiations as both sides have strengthened tariff tensions.

“According to China’s top leadership, they may need someone else to target tensions,” said Alfred Mantafar-Hella, the head of the Chinese Center at the Conference Council, while it would be difficult to understand Beijing’s step at this exact moment.

“It is definitely a very sharp and potentially devastating change, given how quickly the tensions in trade intensified,” he said.

Putting down to the Wang’s experience in the negotiations with the US since the first Trump presidential term, Mantafar-Hella said Lee has “the right results to take on this new role, given his extensive trade experience in the Ministry of Commerce.”

Li has worked in the Chinese trade department since 2010 and has held the post of representatives of China in the World Trade Organization and several other international organizations.

According to official documents, the Vice Prime Minister of He Lifeng-Worship Agreement on Trade China-SSH. Earlier, the former Deputy Prime Minister in China played a similar role when he contributed to the talks on trade with the latest Trump administration and eventually signed a phase transaction.

“Van was a key player who supported his last time,” said Kenneth Jareth, senior advisor to Albright Stonebridge. “Supposedly, the same will be true and when and when the negotiations leave the ground,” he added.

US President Donald Trump is open for a transaction with China, but wants Beijing to take the first step, the White House press secretary Carolya Levit said on Tuesday. “The ball is in China’s court: China needs to be done with us, we do not need to make a deal with them,” she said.

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Since Trump’s inauguration in January he imposed A total of 145% of tariffs With all imports from China, including 20% ​​of duties, allegedly related to Beijing’s role in fentanyl trade.

China gave up increasing tariffs on a power In the last revenge up to 125% Last Friday.

Analysts have stated that such a level of duties would bring down trade in goods between the two largest economies in the world.

Until the last escalation of the tariffs, former Vice-Commerce Minister Van called the relationship in China as a “mutually beneficial and win-win character” at several meetings with foreign leaders of multinational firms.

Lee was among the Chinese officials who met some best entrepreneurs Last month, a symposium that sought to solve private companies’ problems after President Xi Jinping expressed his support for business.

As part of the broader reshuffle in Beijing’s top echelon, China also took part in Chen Xiadon to head the Foreign Affairs Agency in the country and Wang Zhizhun as head of the National Immigration Administration.

– Evelyn Chen in CNBC contributed to this story.

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