Katsuji Nakazawa is a Tokyo-based senior staff and editorial writer at Nikkei. He spent seven years in China as a correspondent and later as China bureau chief. He was the 2014 recipient of the Vaughn-Ueda International Journalist prize.

Investors in Chinese stocks this week took notice of President Xi Jinping's hesitancy to address the economy's "difficulties" by taking bold fiscal measures. (Nikkei montage/Source photos by Reuters, Getty Images, and Yusuke Hinata)
Investors dump stocks as Xi Jinping stands unwaveringly behind his basic policies