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Fresh calls from the president point to a ‘milestone year’ for the implementation of much-ballyhooed changes intended to shore up China’s economy, but ‘institutional obstacles’ pose a risk to progress. ....
‘Establishing the new before abolishing the old’ will help guide Beijing’s policy drive and problem-solving efforts, including its attempts to curb mounting local-level debt and other economic problems. ....
Chinese Vice-premier He Lifeng has been confirmed as the office director of the Central Financial and Economic Affairs Commission, taking over from predecessor Liu He. ....
But it is unclear how far the party would be willing to go or if any such shift is being led by Xi Jinping, China’s leader, who has been the chief enforcer of the country’s “zero COVID” policy. ....