US EditionXi Jinping Warns Chinese Officials Against over-Investment in AI and EVs
CHINA, JUL 18 – Xi Jinping criticized provincial governments for excessive competition in electric vehicle and AI sectors, linking it to overcapacity, price wars, and economic deflation, officials said.
10 Articles
10 Articles
Xi Jinping is questioning if all of China should chase the same AI and EV dreams
Chinese leader Xi Jinping questioned if all of China should focus on developing the same high-tech sectors.Li Xueren/Xinhua/Getty ImagesChina's focus on EVs and AI industries is facing challenges amid price wars and overcapacity.Chinese leader Xi Jinping recently questioned if all of China should focus on the same high-tech sectors.China's top leadership has pledged to address intensive hyper-competition and price wars.China bet big on electric …
Are China’s EV price cuts going too far? Chinese official calls on automakers for ‘rational competition’
BEIJING: A senior Chinese official called on major automakers for “rational competition” in the electric vehicle (EV) industry on Thursday (July 17), Reuters reported, citing a statement from the industry ministry on Friday (July 18). Che Jun, who is the head of a Communist Party central leading group, made the remarks during a meeting with […]
The leader of the Chinese Communist Party, Xi Jinping, recently stressed at the Central Urban Work Conference that urbanization cannot be a face-saving project, in order to prevent "the emergence of cadres who pat their chests, pat their heads, and pat their butts." After reviewing media reports, it was found that after Xi came to power, a large number of "face-saving projects" have appeared in various parts of the Communist Party of China. The …
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