2025-07-18
Xi Jinping warns against China's overinvestment in EVs and AI
Chinese President Xi Jinping has bluntly questioned a nationwide rush of investment into the AI and EV industries. As deflation anxiety grows and Trump’s trade war with China ramps up, the world’s second largest economy is turning to fast-growth tech industries to remain competitive.
But Xi appears to think that the strategy is flawed. As reported by the Financial Times, China's President sent out a pointed message about over-investment at the two-day Central Urban Work Conference in Beijing.
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