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The Nikkei View

Xi's power grab and ideological zeal are reasons to worry

China's economic policy to be guided by political ideals

Chinese President Xi Jinping, foreground, leads the new leadership team to the stage to introduce them in Beijing on Oct 23. (Photo by Yusuke Hinata)

With the recent close of the Chinese Communist Party's national congress, the concentration of power within China is now greater than at any other point in the past half-century. Party General Secretary Xi Jinping, who doubles as the country's president, has sealed a third term as leader, and all other top officials are close allies.

Xi has created an extortionary setup in which he can decide everything himself.

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