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Xi Questions Provincial Push for Same Sectors Amid Over-Investment Concerns
Xi Questions Provincial Push for Same Sectors Amid Over-Investment Concerns
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BTCCSquare news:
President Xi Jinping has raised concerns about provincial governments funneling investments into identical high-tech sectors, including artificial intelligence and new-energy vehicles. The remarks, published in People’s Daily, highlight a growing issue of over-investment and irrational industry competition.
Premier Li Qiang’s State Council has moved to curb unfair price battles in the EV sector, signaling tighter oversight on local investment decisions. Despite underlying economic strength, sluggish household spending and rising output continue to pressure prices.
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