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China’s economic reboot: Xi wants advanced technology to drive growth and lead West on AI and premium EVs

  • On February 17, 2025, Xi Jinping urged tech giants like Jack Ma and Ren Zhengfei to drive China’s growth, according to official statements.
  • China's GDP growth fell to 4.7% in 2024, missing Xi's 5% goal, highlighting economic struggles according to government statistics.
  • Youth unemployment reached 16.3% by December 2024, leading to public concerns over a jobless future, as shown by labor surveys.
  • Imports and exports faced challenges, with the EU imposing 45% tariffs on electric vehicles, cutting EV exports by 20% in Q4 2024.
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  • 60% of the sources lean Left
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China Daily broke the news in China on Sunday, March 2, 2025.
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