China's party congressXi 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)
IORI KAWATE, Nikkei staff writer
October 8, 2022 03:26 JST
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.