He Weiwen is currently senior fellow of Chongyang Institute for Financial Studies, Renmin University of China (RDCY) and Vice Chairman of Global Alliance of SMEs. He worked as Economic and Commercial Counselor, Chinese Consulates General in San Francisco and New York in 1997-2003. Before that, he served as secretary general of China International Economic Information Center and its representative to European Office (Cologne, Germany). Prior his above career, he was assistant research fellow and deputy division chief at the Research Institute of International Trade, Ministry of Foreign Trade and later Ministry of Foreign Economic Relations and Trade, and served as a UN employee at UNCTAD V in 1979. Bachelor in international trade economics at University of International Business and Economics in 1967, and certificate of senior management training, Harvard Business School in 1995. He is the author of 3 books: Chamber of Commerce, Across the Pacific, Succeed in America, and over 200 articles.
Expertise : Macroeconomy; China's Enterprises
The U.S. Federal Open Market Committee (FOMC) released its statement on September 16 after two days of board meeting, which includes, among others, two key points not only for coping with the immediate situation, but also for a medium-term arrangement.
The Trump administration has imposed a 25-percent tariff on 818 import items worth 34 billion US dollars from China on Friday. China immediately retaliated by imposing a levy of the same scale, placing a 25-percent tariff on the same volume (34 billion US dollars) of imports from the US. The Chinese Ministry of Commerce said in a statement that the US has started the "largest trade war in economic history." The trade volume immediately dwarfed the similar US tariff wars with Canada and the EU.