Country faces U.S. trade hostility and aging workforce
Taiwan News
Date: 2018/02/23
By: Matthew Strong, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – United States-educated 66-year-old Politburo member Liu He will
Liu He at last month’s WEF in Davos. (By Associated Press)
lead a team to manage China’s economy and probably be promoted to vice premier next month, reports said Friday.
If his appointment is approved, he could become one of the most powerful Chinese vice premiers in a long time, potentially closer to President Xi Jinping than to Premier Li Keqiang, the South China Morning Post (SCMP) reported.
Liu gained international prominence last month, when he spoke at the World Economic Forum in Davos, Switzerland. He promised unprecedented economic reforms in China, though he will have to face the threat of sanctions from the U.S. and a host of domestic problems from runaway debt to an ageing workforce, reports said. [FULL STORY]
