China taps World Bank official for U.S.-facing finance post: sources

Canada News News

China taps World Bank official for U.S.-facing finance post: sources
Canada Latest News,Canada Headlines
  • 📰 Reuters
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

China is adding a new face to its trade negotiation team by appointing its chief representative at the World Bank to head the Finance Ministry's international cooperation department, three people with direct knowledge of the matter said.

FILE PHOTO: U.S. and Chinese flags are adjusted before the opening session of trade negotiations between U.S. and Chinese trade representatives at the Diaoyutai State Guesthouse in Beijing, Thursday, Feb. 14, 2019. Mark Schiefelbein/Pool via REUTERS

Yang Yingming, who has been Executive Director for China at the World Bank in Washington since 2016, returns to the finance ministry months after Beijing and Washington completed a Phase 1 agreement that brought a truce to their bitter trade war, although bilateral tensions remain at their worst in decades.

Yang, the finance ministry, and the World Bank’s Beijing office did not immediately respond to requests for comment. Yang is a fluent English speaker known for openness and a sense of humour, two of the people said, declining to be named as they were not authorized to speak to media.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Exclusive: Women, babies at risk as COVID-19 disrupts health services, World Bank warnsExclusive: Women, babies at risk as COVID-19 disrupts health services, World Bank warnsMillions of women and children in poor countries are at risk because the COVID-19 pandemic is disrupting health services they rely on, from neonatal and maternity care to immunisations and contraception, a World Bank global health expert has warned.
Read more »

World Bank staff object to Brazilian nominee over racial commentsWorld Bank staff object to Brazilian nominee over racial commentsThe association representing staff at the World Bank on Wednesday asked that Brazil's nomination of Abraham Weintraub to be executive director be reviewed over his past racial comments and other concerns, according to a letter seen by Reuters.
Read more »

U.S.-China trade deal will hold for now, former Trump trade negotiator saysU.S.-China trade deal will hold for now, former Trump trade negotiator saysThe trade deal inked by Washington and Beijing is likely to hold for now, according to former top White House trade negotiator Clete Willems.
Read more »



Render Time: 2025-03-06 13:10:31