China names new top trade negotiator amid tariff tensions with US
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 16 2025
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Source: SeekingAlpha
New Trade Negotiator Appointment: China has appointed Li Chenggang as the new top international trade negotiator, replacing Wang Shouwen, amid ongoing tariff tensions with the U.S., where Chinese exports face a 145% tax.
Economic Context: This leadership change occurs during President Xi Jinping's Southeast Asia tour to strengthen economic ties, while also coinciding with rising concerns over tariffs impacting various sectors, including chipmakers and bitcoin mining.
Analyst Views on FXI
Wall Street analysts forecast FXI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FXI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 39.340
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
