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China replaces top trade negotiating official as talks with Washington stall

  • China appointed Li Chenggang as its new chief trade negotiator, replacing Wang Shouwen amid escalating trade tensions with the US.
  • Li Chenggang will navigate the complex trade relations between China and the US, which are currently hindered by significant tariffs on both sides.
  • China’s foreign direct investment fell 27.1% in 2024, the steepest drop since 2008, while the US continues imposing high duties on Chinese imports.
  • Beijing's shift in trade leadership suggests a strategy to utilize international trade law to counter US tariffs, while maintaining its own countermeasures.
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KevinMD.com broke the news in on Tuesday, April 15, 2025.
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