News Analysis Chinese leader Xi Jinping is cracking down on the financial sector, restricting foreign trade, and generally moving the Chinese economy away from market influence toward one of social and central planning. To commemorate the 72nd anniversary of the founding of communist China, the Ministry of Foreign Affairs issued a letter, extolling “the six fronts (employment, finance, foreign trade, foreign investment, domestic investment and market expectations) and guaranteeing the six priorities (jobs, livelihoods, development of market entities, food and energy security, stable operation of industrial supply chains, and smooth functioning at the community level).” In spite of the statement’s guarantees, China is facing supply chain interruptions, as well as food and energy shortages, largely because of policy decisions made by the Chinese Communist Party (CCP) under Xi’s leadership. Some of Xi’s slogans are not particularly unusual, such as “cross-cyclical adjustment,” which simply means policy actions taken across business cycles. …