China’s ‘Xiconomics’: Lots of Economic Slogans, More Government Control

Chinese leader Xi Jinping (right) arrives with Premier Li Keqiang (left) and members of the Politburo Standing Committee for a reception at the Great Hall of the People in Beijing on the eve of China's National Day on Sept. 30, 2021. Greg Baker/AFP via Getty Images

News Analysis

Chinese leader Xi Jinping is cracking down on the financial sector, restricting foreign trade, and generally moving the Chinese economy away from market influence toward one of social and central planning.