China Cancels Premier's Annual News Conference Amid Economic Challenges

The cancellation marks a departure from a three-decade tradition, reflecting a shift towards more opaque governance and centralization of power under President Xi Jinping.

China's government announced the cancellation of Premier Li Qiang's annual news conference, ending a tradition since 1993.
The move is seen as part of a broader trend of diminishing the premier's role and centralizing control under Xi Jinping.
Economic challenges, including a struggling property market and weakening domestic demand, underscore the decision.
Experts suggest China may be running out of solutions to its complex problems, as indicated by the absence of the 'Third Plenum' meeting.
The cancellation raises concerns among investors about China's economic transparency and governance direction.