China’s Xi Vows to Strengthen Party’s Control Over Economy

Chinese President Xi Jinping pledged to further enhance the Communist Party’s control over the economy as he chaired the meeting of a top policy-making body to discuss key development strategies.

The Central Financial and Economic Affairs Commission should “continue playing its role in setting major economic policies,” he said at the group’s first meeting on Friday following the October leadership reshuffle, according to state broadcaster China Central Television. Xi, who heads the commission, vowed to strengthen and improve the party’s “centralized and unified leadership” of economic work.