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Chinese President Xi Jinping, left, with Premier Li Keqiang (Photo by Akira Kodaka)

Xi Jinping tightens his grip on China's economic reins

Longtime adviser Liu He rises to prominence as Premier Li fades into background

ISSAKU HARADA, Nikkei staff writer | China

BEIJING -- Chinese President Xi Jinping's consolidation of power in his second term looks set to extend to the economy, with the elevation of a trusted economic adviser to the Politburo.

The appointment of Liu He, 65, to the 25-member body signals that Xi intends to continue to directly supervise large swaths of economic policy through committees known as "leading small groups." They are headed by Xi himself and run by loyal aides such as Liu.

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