China made “Xiconomics” the guiding principle for the world’s second-largest economy as it unveiled the first economic blueprint of President Xi Jinping’s second term.
The plan came with strong political overtones, highlighting a theory bearing Mr. Xi’s name and emphasizing innovation and “high-quality” growth.
There were few signs Beijing will aggressively tackle crippling debt levels and state-sector bloat. Also missing in the blueprint were plans for a long-awaited property tax.
