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Chinese President Xi Jinping arrives for the opening of the 19th National Congress of the Communist Party of China on Oct. 18 in Beijing. (Photo by Akira Kodaka)
Politics

China's Xi aims to cement Communist Party's hold on business

New companies drawing greater scrutiny as leaders seek greater stability

SHUNSUKE TABETA, Nikkei staff writer | China

BEIJING -- China's ruling Communist Party has made strengthening President Xi Jinping's grip on society, particularly business, the centerpiece of its twice-a-decade congress, which opened Wednesday in Beijing.

The Communist Party of China will incorporate Xi's political thought into its constitution during the weeklong meeting. The party is also expected to increase its involvement in many aspects of Chinese life to ensure social stability and enhance its control over the economy and business.

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