Xi Questions Local Officials on EV, AI Plans in Rare Rebuke
President Xi Jinping questioned the need for local governments across China to crowd into the same emerging industries, a rare rebuke that reflects growing concerns about deflation at home and trade tensions abroad.
“When it comes to launching new projects, it’s always the same few things: artificial intelligence, computing power, new-energy vehicles,” Xi said in a meeting in Beijing this week on urban development, according to a Thursday article on the front page of the People’s Daily.