As their losses pile up, Chinese investors are losing confidence not only in the stock market but in the government’s ability to turn the economy around.
Ms. Chao, whose sister Elaine Chao was President Trump’s secretary of transportation, led Foremost Group, operator of a global fleet of carrier ships. She died in a car crash.
Liu Jianchao is a Communist Party diplomat skilled at defending tough positions without being pugnacious. He also once hunted fugitive officials abroad.