China's companies rewrite rules to declare Communist Party ties

More mainland-listed companies acknowledge 'Xi thought' in corporate constitutions

20221027 closing ceremony on Oct. 22

The closing ceremony of the 20th National Congress of the Communist Party of China, at the Great Hall of the People in Beijing on Oct. 22. (Photo by Yusuke Hinata)

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- China's Communist Party congress underlined fears that President Xi Jinping is extending his grip over business and the economy -- but Chinese companies were already starting to bow to Beijing's wishes by enshrining the role of the party in their businesses.

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