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Xi warns officials against chasing 'reckless' GDP expansion
Chinese President Xi Jinping lashed out at inflated growth numbers and vowed to crack down on the pursuit of “reckless” projects that have no purpose except showing superficial results. “All plans must be based on facts, aiming for solid, genuine growth without exaggeration, and promoting high-quality, sustainable development,” Xi said last week, according to a report on Sunday in the People’s Daily, the Communist Party’s official newspaper. “Those who act recklessly and aggressively without regard for reality, impose excessive demands, or deploy resources without careful consideration, must be held ... (full story)
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- Dec 15, 2025 1:31pm Posted byFundamental Analysis2,014
