Xi’s Picks for a New Government Will Plot China’s Economic Course
Xi Jinping and other Chinese officials appear at the Great Hall of the People in Beijing, where Communist Party delegates in October are expected to gather for a once-in-five-years congress to determine leadership positions.
Photographer: Lucille Liu/BloombergPolicymaking in China can mistakenly be viewed as monolithic. There’s abundant evidence of factions favoring different priorities—most basically, when it comes to the economy, pursuing growth versus ensuring or expanding the Communist Party’s authority and influence.
That’s been on display in recent months, with Premier Li Keqiang calling for better balance between Covid-19 controls and growth, and Vice Premier Liu He—the country’s top economic official—vowing support for digital-platform companies in the wake of Beijing’s crackdown on the likes of Alibaba Group Holding Ltd. and others.