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While prioritizing internal politics, President Xi Jinping has gone almost a full year without putting forward a basic policy on how China's economy will be managed. (Nikkei Montage/ Reuters)
China up close

China's power struggle lies behind global market turmoil

Xi's inability to convene long-delayed economic meeting at heart of uncertainty

KATSUJI NAKAZAWA, Nikkei senior staff writer | China

TOKYO -- The Chinese yuan fell below the 7-per-dollar level for the first time in 11 years soon after the Communist Party's annual conclave began at the seaside resort of Beidaihe, Hebei Province.

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