Bloomberg: From “whatever it takes” to “minimum cost” highlights Xi Jinping’s priority for stable growth (10:31) – 20220318 – Instant Financial News

The comment pointed out that Xi Jinping said at the meeting of the Standing Committee of the Political Bureau of the CPC Central Committee on epidemic prevention and control, “to take more effective measures, strive to achieve the greatest prevention and control effect with the least cost, and minimize the impact of the epidemic on economic and social development.” A search of public information on government websites found that this is the first time Xi Jinping has made a request to minimize the cost of epidemic prevention at a Politburo meeting since the outbreak of the epidemic in 2020. The previous guidelines were to coordinate epidemic prevention and control and economic and social development.

The commentary believes that Xi Jinping’s latest instructions show that China’s epidemic prevention is abandoning the “whatever it takes” approach. This further proves that stabilizing the economy is the top priority this year.

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