P
resident Xi Jinping has called on officials across China to take bold action in reviving the economy, promising them protection from consequences if mistakes are made. In an unexpected Politburo meeting, Xi vowed to support struggling enterprises and encouraged officials to innovate without fear of repercussions. The meeting's readout emphasized the importance of taking responsibility and trying new approaches, even if they don't work out.

    The term "three exempts" was also mentioned, referring to officials who make mistakes due to inexperience, experimentation in uncharted territory, or unintentional errors while promoting development. This concept, known as "responsibility and punishment waiver," has been reaffirmed by Xi's administration as a key strategy for boosting economic growth.

    A Peking University political scientist noted that the Politburo meeting marked a significant call-to-action from Beijing to stimulate economic growth, with Xi's promise of protection from consequences for officials likely to have a major impact on the country's business landscape.