President Xi and Prime Minister Lee disagree, and field officials responsible for the Chinese economy are confused-Bloomberg

In February 2020, when the new coronavirus infection (COVID19) was beginning to prevail, China’s President Xi Jinping made an urgent speech in front of thousands of officials calling for a “people’s war” once morest the new corona.

Prime Minister Li Keqiang held a video conference with thousands of officials across the country on May 25 this year, warning that the economy is worse than it was two years ago. He called for a good balance between measures once morest the new corona and economic growth. It is as rare to hold such a meeting as President Xi’s speech in February 2008.

China’s economy deteriorates, more serious than the 20-year Korona-ka-Prime Minister Lee (2)

However, many government officials responsible for implementing policies in the field are not sure who to listen to. While Prime Minister Lee continues to encourage the economy to boost and achieve preset growth targets, President Xi continues to emphasize the need to push forward with the Zero-COVID policy.

Eight local government officials and financial bureaucrats have revealed that these dilemmas have put China in a state of paralysis, known for its swift implementation of absolute orders from above, on condition of anonymity.

Investors and analysts see the emergency meeting held by Prime Minister Lee as an attempt to strengthen consensus that economic recovery is urgently needed, but four senior officials still have the highest priority to control the new corona infection. He said it had little effect on his idea. In terms of his personal career, one senior official pointed out that failure to control the infection would make no sense to work hard and that there was limited room to start an economic project.

China’s Prime Minister Lee says the economy is worse than it was two years ago

Source: Bloomberg

news-rsf-original-reference paywall">Original title:

news-rsf-original-reference paywall">Xi-Li Discord Paralyzes Officials Responsible for China Economy(excerpt)