Analysis: Can Xi Jinping's 'buy new products' campaign fix China's economy?
Katsuji Nakazawa is a Tokyo-based senior staff and editorial writer at Nikkei. He spent seven years in China as a correspondent and later as China bureau chief. He was the 2014 recipient of the Vaughn-Ueda International Journalist prize.
President Xi Jinping wants Chinese to go on a shopping spree. During a key economic meeting of the Chinese Communist Party held last week, Xi repeatedly mentioned that people should buy new products to replace old ones.