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Out of ideas in China? Xi tinkers as economy stagnates

Out of ideas in China? Xi tinkers as economy stagnates

Xi Jinping’s focus on national security over economic prosperity means his government is unlikely to announce major stimulus or reform when it announces its 2024 budget next week.

Michael SmithHealth editor

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Tokyo | Once a year, China puts on an elaborate political show when 3000 parliamentarians meet under the marble pillars of Beijing’s Great Hall of the People.

The legislators, mostly men in suits, stare studiously at the policy documents in front of them and clap enthusiastically as Xi Jinping and his senior ministers give speeches outlining the country’s economic direction for the year ahead.

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Michael Smith
Michael SmithHealth editorMichael Smith is the Health Editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com

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Original URL: https://www.afr.com/world/asia/can-xi-come-up-with-a-plan-to-save-china-s-economy-20240229-p5f8s3