Noah Smith: Xi Jinping prioritizes national strength over public economic benefit

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03.06.2026

Noah Smith: Xi Jinping prioritizes national strength over public economic benefit — China’s economy prioritizes national ambition

Noah Smith, columnist / economist at Bloomberg Opinion, suggests that Xi Jinping's economic strategy is not designed for the welfare of ordinary Chinese citizens.

According to Smith, the primary goal of economic policy under Xi Jinping is to advance national greatness, taking precedence over the direct wellbeing of the wider population.

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Smith has previously questioned the value of corporate spending on tokens, arguing that such expenditures may not be delivering clear returns at this stage, according to a recent note (Corporate token expenditures may lack effectiveness). He has also described company activity around AI tokens as largely experimental and only temporary (Companies spending on AI tokens is temporary experimentation). These observations add context to Smith’s critical view of economic policy priorities.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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