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Alibaba, its founder Jack Ma, and Chinese tech companies seem to have amassed too much influence for the Communist Party's liking. (Nikkei montage/Reuters and Getty Images)
China up close

Analysis: Xi sees Alibaba and Tencent as rising threats to power

Politburo goes on crusade against 'disorderly expansion of capital'

KATSUJI NAKAZAWA, Nikkei senior staff writer | China

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

TOKYO -- December has always been an important month in China. It is when the country, which has yet to fully shed its planned economy traditions, usually decides how to steer the ship the following year.

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