An Upgraded State-Planned Economy May Be Accelerated in China After the 20th Congress: Experts

The Party attempts to monopolize all industries with a national unified market

Chinese leader Xi Jinping (C) is applauded by senior members of the government and delegates as he walks to the podium to make a speech during the opening ceremony of the 20th National Congress in Beijing, China, on Oct. 16, 2022. Xi is expected to secure a third term in power. Kevin Frayer/Getty Images

Commentary

With the 20th congress of the Chinese Communist Party (CCP) starting on Oct.16, Xi Jinping’s re-election seems to be a given. In the face of a deteriorating economy, Xi’s government may go ahead with “one state-owned enterprise for one industry” and “national unified market,” an upgraded model of the planned economy, experts say.