BEIJING -- Chinese President Xi Jinping is expected to appoint one of his closest allies as economic czar as he prepares to kick off a third term at the helm of the Communist Party, a move seen further expanding Xi's involvement in macroeconomic policy and setting back market reforms.
He Lifeng, chair of the powerful planning body National Reform and Development Commission, is seen as a likely successor to Vice Premier Liu He, Xi's current economic policy chief, who is expected to retire after a party congress in mid-October.
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