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Xi Jinping deep-rooted philosophical objections to Western-style consumption-driven growth
A weekend article in the Wall Street Journal says that Chinese Communist Party Chairman Xi Jinping has deep-rooted philosophical objections to Western-style consumption-driven growth, people familiar with decision-making in Beijing say. Xi sees such growth as wasteful and at odds with his goal of making China a world-leading industrial and technological powerhouse, they say. Xi believes Beijing should stick to fiscal discipline, especially given China’s deep debt. That makes stimulus or welfare...
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Posted: Aug 28 2023, 00:38
Author Name: forexlive
Views: 111024