Beijing’s Move to Increase Control Over China’s Finance Is a ‘Dead End’: Expert

Xi Jinping is ‘determined to resolve the economic crisis through political dictatorship,’ says one expert.

This aerial photo taken on October 31, 2021 shows a logo of China's developer Country Garden Holdings on top of a building in Zhenjiang, in China's eastern Jiangsu province. STR/AFP via Getty Images

News Analysis

As top leaders gathered at China’s most significant financial conference, the Chinese Communist Party (CCP) indicated it will exert more control over the $61 trillion financial sector. While the meeting highlighted the challenges confronting CCP leader Xi Jinping regarding the ailing economy, experts say that it did not provide solutions to China’s financial difficulties.