Xi’s Mysterious Economic Slogan Adds to Investor Confusion
- Chinese leader used slogan on at least 128 occasions last year
- Meaning of popular phrase can be very broad, economists say
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President Xi Jinping rang in the new year by declaring China’s progress in pursuing “high-quality development.” What exactly that mysterious slogan means for supporting growth in 2024 is becoming a defining question for investors.
The Chinese leader uttered the vague phrase on at least 128 occasions in 2023, including in his Sunday address outlining the nation’s goals for this year. That was nearly double the mentions of 2022 and his most annual uses on record, according to a Bloomberg analysis of Xi’s public speeches.