Analysis: China's new 2029 reform goal shows Xi Jinping is worried

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.

The Chinese Communist Party's key four-day meeting last week disappointed much of the global audience that was expecting major policy initiatives designed to right the ailing economy in general and the prolonged property crisis in particular.