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.
.jpg?width=970&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto)
In Xi Jinping's China, local government officials are using a metaphor about selling woks as scrap metal as they struggle to pay down their mountains of debt. (Nikkei montage/Source photos by Getty Images and Yusuke Hinata)
A buzz phrase telling people to sacrifice everything reflects nation's current plight