Tax & Spend

Xi Sticks to Economic Goals Calling Development Top Priority

  • Repeat of slogan suggests Beijing will prioritize growth
  • Xi says there must be balance between development, security
WATCH: Chinese President Xi Jinping says the country must stick with socialist market economy, high-level opening up, and dual circulation strategies.Source: CCTV via APTN/Bloomberg
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Chinese President Xi Jinping reiterated that economic development is the Communist Party’s “top priority,” a signal that Beijing will continue to emphasize growth despite some analysts expecting a shift toward greater focus on national security.