Overview

• 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.