For a book on performance appraisals, it contained some surprising language – especially given its author, President Xi Jinping.
Among the raft of speeches and instructions from Xi since November 2012 is a blunt warning to cadres about pursuing debt-laden white elephant projects.
“Some officials probably didn’t even think about repaying the debt when they raised it. When will it be their turn to pay it?” Xi says in an excerpt of a speech given at the party’s annual central economic work conference in 2013.
“By the time the debt matures, these officials will no longer be in the same positions!
“We cannot allow some officials to burden the government with an a***load of debt in order to achieve political achievements, tap their bum and walk off and then get promoted all the way up.”
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