ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
China's party congress

Xi seen giving China's economic reins to trusted ally in third term

He Lifeng's rise stokes concern over the future of market reforms

He Lifeng, left, and Xi Jinping. He is like a "brother" to Xi, according to a source familiar with Chinese politics. (Source photos by Akira Kodaka and Reuters)

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more