Two big countries are putting more taxes on things they sell to each other.

China's economy grew 5.4% at the start of this year because they sold many things to other countries. But people think it will grow slower later because of new taxes on things from China.

China sold many things to other countries. This helped China grow by 5% in 2024. The goal for this year is also about 5%.

China put more taxes on some American goods.

The taxes will make things a little hard for China's economy now, but it will still grow later.

China changed people for talks with the US. China said it has plans to answer the US. One plan is to use its big market with many people. Another plan is to work with Europe and other countries. But people in China are not buying many things. So, it is hard for China to replace the US market.

China also stopped selling some special materials. We call them rare earths. People use them to make new technology, planes, and things for the army.

Before his new job, Li worked for about 4 years as China's ambassador at the World Trade Organization.

He also worked for China at the United Nations in Switzerland.

He worked at the Ministry of Commerce. He was a helper minister and a leader.

Li studied law at a good university in China. He also studied law and economics at a university in Germany.