With the founding of the People's Republic of China (PRC) in October 1949, Ye was appointed the country's first Minister of Trade. In August 1952, the ministry's foreign trade division was expanded into the Ministry of Foreign Trade, and Ye became its inaugural minister. It was a large ministry with many layers of organization, which served not only commercial, but also diplomatic functions. Ye served as head of the important ministry until his death in 1967. A major task of his was to circumvent the
trade embargo against the PRC by the United States and its allies. Under the leadership of
Zhou Enlai, he developed trade relations with Asian and African countries and signed China's first trade deal with
Ceylon. Ye suffered a stroke in 1961 when he was on an official trip in
Guangzhou. He became incapacitated by another stroke in 1964, and his deputy
Lin Haiyun took over as acting minister in 1965. Already in very poor health, Ye came under persecution when the
Cultural Revolution began in 1966. He was pressured to incriminate his former superior
Deng Xiaoping, but refused to do so. As he was bedridden, his doctors prevented the
Red Guards from taking him to
struggle sessions, and his wife Ma Luzhen () was taken in his place. Ye died on 27 June 1967 at the age of 74. He was politically rehabilitated after the end of the Cultural Revolution. He is now recognized as an essential figure in the logistics of the People's Liberation Army during wartime, and the management of foreign trade of the early PRC. He is honoured as the "Red Manager" of the Communist Party. == References ==