Xi’s new no. 2 faces challenge to make China’s economy hum again

As the Chinese Communist Party’s top boss in Shanghai, Li Qiang helped smooth Elon Musk’s path to opening Tesla Inc.’s first overseas factory. He’s been an outspoken advocate for privately owned businesses, too. But he was also the driving force behind the Covid-related lockdown that earlier this year put the brakes on economic activity in mainland China’s biggest financial hub.

Source: Bloomberg