The Communist Party’s main theoretical journal has laid out a new ideological framework for the financial system that emphasizes the primacy of China’s top leader and Marxist principles.
Gina Raimondo, the commerce secretary, also emphasized U.S. national security concerns in a meeting in Beijing with Vice Premier He Lifeng, who oversees China’s economy.
He Lifeng’s long career in government has spanned the extremes of China’s approach, from the early embrace of small business in the 1980s to today’s tighter state control.