Chinese President Xi Jinping, also general secretary of the Communist Party of China CPC C Chinese dictator Xi Jinping demanded innovative solutions to China’s growing economic woes in remarks on Tuesday and Wednesday, warning against “a headlong rush into projects and the formation of industry bubbles” that could result in “abandoning traditional industries.”
Xi made appearances at the ongoing “two sessions” of the country’s rubber-stamped lawmaking bodies, the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC). The NPC can draft and pass laws but is entirely beholden to the leadership of the Communist Party elite, while the CPPCC is advisory in nature and has no real power.
The annual “two sessions” began on Monday with an emphasis on rehabilitating China’s languishing economy. China documented its first-ever decline in foreign direct investment in November – an $11.8-billion fall recorded in the fiscal quarter ending in September – in […]
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