Xi Jinping Urges Caution on Excessive EV and AI Investment in China
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Chinese President Xi Jinping has called for restraint in the country's aggressive investments in electric vehicles (EVs) and artificial intelligence (AI), warning against potential overcapacity and inefficiency. Speaking at a high-level economic meeting, Xi emphasized the need for 'high-quality development' rather than unchecked expansion in these sectors. His remarks come as China dominates global EV production and races to lead in AI innovation, raising concerns about market saturation and resource misallocation. Analysts suggest Xi's comments signal a shift toward more sustainable growth strategies, balancing technological ambition with economic stability. The government may introduce tighter regulations to curb speculative investments while supporting strategic advancements.
