Liao Min, the new deputy finance minister, graduated from Peking University. He was once a well-known folk singer on campus and composed songs such as Flowing Youth.(Internet)
Zhu Guangyao will be 65 years old next month, and has passed the retirement age of 60 years old at the deputy ministerial level.(China News Service)
(Beijing News) On the afternoon before U.S. Secretary of Commerce Wilbur Ross arrived in Beijing, Zhu Guangyao, China’s vice finance minister, was dismissed and replaced by Liao Min, the deputy director of the Central Finance and Economics Office of the Communist Party of China, Liu He’s deputy.
According to the information released on the website of the Ministry of Human Resources and Social Security of China the day before yesterday, the State Council of China appointed Liao Min as the Vice Minister of Finance, and at the same time removed Zhu Guangyao from the position of Vice Minister of Finance.
Ross was suddenly dismissed before arriving in Beijing, and the overseas media talked a lot
Officials have not stated where Zhu Guangyao will go next, but Zhu Guangyao will be 65 next month, and has already exceeded the retirement age of 60 at the deputy ministerial level.Retiring at this time is normal in terms of age.However, as a key member of the previous two rounds of Sino-US trade negotiations, he was suddenly dismissed one day before Ross's arrival in Beijing, which caused a lot of discussion in overseas media, who believed that the relevant personnel changes were unusual.
According to official media reports, before Zhu Guangyao was announced to be dismissed the day before yesterday, he also participated in a regular policy press conference of the State Council as a vice minister of finance to introduce the reduction of import tariffs on daily consumer goods.
Zhu Guangyao has worked in China's Ministry of Finance for a long time. In recent years, he has been in charge of China-US economic dialogue. He participated in the two rounds of trade negotiations between China and the United States in May this year. He also publicly interpreted Beijing's trade policies many times.
Liao Min went to the United States with Liu He to participate in the second round of Sino-US trade negotiations last month
Zhu Guangyao is also the deputy director of the Central Finance Office, but like the Central Bank Governor Yi Gang and others, he only works part-time at the Central Finance Office.And Liao Min, who succeeded Zhu Guangyao, is the full-time deputy director of the Central Finance Office, the deputy of Liu He, the head of the Central Finance Office and a confidant of the central leadership.Liu He is the main person in charge of Sino-US trade negotiations.
Statistics show that 50-year-old Liao Min graduated from Peking University and majored in economics. He was once a well-known folk singer on campus.He has worked in the People's Bank of China, China Everbright Group, Bank of China Head Office, and China Banking Regulatory Commission.In 2011, Liao Min was transferred to the director of the Shanghai Banking Regulatory Bureau.In 2016, Liao Min served as director of the Fourth Economic Bureau (International Economic Bureau) of the former Central Financial and Economic Leading Group Office.On the 16th of last month, Liao Min made his debut as the deputy director of the China Finance Office. He accompanied Liu He to the United States for the second round of Sino-US trade negotiations and became an important member of the Chinese economic and trade team.
