AFP, Beijing :
China has replaced its commerce minister and the head of its top economic planning body, state media said Friday, as the country grapples with mounting financial pressures.
Huge debt, plunging outbound investment and capital flight are troubling the world’s second largest economy.
China is also having to contend with hawkish rhetoric of US President Donald Trump, who has repeatedly accused it of currency manipulation and stealing American jobs.
Zhong Shan will become minister of commerce and He Lifeng takes the reins at the National Development and Reform Commission (NDRC), the official Xinhua news agency said, without giving further details.
China has replaced its commerce minister and the head of its top economic planning body, state media said Friday, as the country grapples with mounting financial pressures.
Huge debt, plunging outbound investment and capital flight are troubling the world’s second largest economy.
China is also having to contend with hawkish rhetoric of US President Donald Trump, who has repeatedly accused it of currency manipulation and stealing American jobs.
Zhong Shan will become minister of commerce and He Lifeng takes the reins at the National Development and Reform Commission (NDRC), the official Xinhua news agency said, without giving further details.
