Xi Jinping calls for genuine growth; fixed investment fell 2.6% Jan–Nov

At the Central Economic Work Conference on Monday, President Xi Jinping criticized inflated metrics and vanity projects, urging "solid", fact-based growth and accountability. Official data showed fixed-asset investment fell 2.6% in January–November, while Moore Threads' shares, up 613% since listing, dropped as much as 6.9% after a filing revealed 7.5 billion yuan would go into deposit products.