20231108 CUC

Xi Jinping favors "stronger and bigger" state-owned enterprises, a tenet in opposition to Li Keqiang's approach to allowing the market mechanism to allocate resources. (Nikkei montage/Source photos by Yusuke Hinata and CCTV/Kyodo)

Analysis: Abandonment of 'Likonomics' limits Xi Jinping's options

Key economic policy meeting delayed as leader looks for achievement he can tout

Katsuji Nakazawa is a Tokyo-based senior staff and editorial writer at Nikkei. He spent seven years in China as a correspondent and later as China bureau chief. He was the 2014 recipient of the Vaughn-Ueda International Journalist prize.

Every five years the Chinese Communist Party's Central Committee holds an important meeting to set long-term economic policies. Ten autumns ago, "Likonomics," the pro-market policy initiated by the late former Premier Li Keqiang, was put forward at one of these meetings.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.