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President Xi Jinping says he doesn't want a hodgepodge 'street stall economy' in Beijing, even as China's youth unemployment rates hit a record high...China's President Xi Jinping isn't on board with reviving street stalls in Beijing — even amid record-high youth employment in the country.The Chinese leader made his stance clear on May 14 when he spoke against a "street stall economy" during a speech at the Xiongan New Area, a city south of Beijing that's being built to ease the congestion and pressure in the capital city of 22 million people...."Street stall economy" in China refers to recent efforts by local governments to revive their regional economies and to create jobs by promoting small entrepreneurship. These efforts were especially vital during the COVID-19 pandemic when movement restrictions hit the economy hard.These promotional efforts — endorsed by former premier Li Keqiang — reversed a crackdown on street stalls for years before the pandemic, Nikkei reported in June 2020
People like street vendors and slums can always go to India.
Xi is a science background. When it comes to economics, he can only relate to "plan economy"
Xi wants a city that looks efficient and not congested and street stalls do not give that impression. he does not want people to think they are in a second or third class city
Xi wants Beijing to have the dignity and class of the world's great capitals.