20241030 property xi people's bank of china presser

Xi Jinping is searching for an anti-economic downturn weapon he can wield as effectively as his anti-corruption campaign. (Nikkei montage/Source photos by Yusuke Hinata, Getty Images and Kyodo)

Analysis: Ministries compete to show economic loyalty to Xi Jinping

Housing, reform and central bank officials feel the anti-corruption campaign's threat

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.

Xi Jinping's signature anti-corruption campaign now has senior economic officials competing to demonstrate their loyalty to the president and Chinese Communist Party general secretary.

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