China Shrugs Off Debt Worries as Xi Takes Firmer Economic Grip
It’s Xi Jinping’s economy now, and he isn’t too worried about debt. China signaled its economic priorities on Wednesday at the end of a meeting of top Communist Party economic leaders with a statement indicating that President Xi is fully in charge. Labeled “Xi Jinping Thought on Socialist Economy With Chinese Characteristics,” the statement called for trimming industrial overcapacity, controlling the supply of money and other moves that have been staples of China’s other recent declarations.
