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One could say that Xi Jinping himself is a risk to the Chinese economy. (Nikkei montage/Reuters/Getty Images)
China up close

Analysis: From leader to students, overconfidence clouds China

Reckless policies hurt economy and delay Xi Jinping's goal to overtake U.S.

KATSUJI NAKAZAWA, Nikkei senior staff writer | China

Katsuji Nakazawa is a Tokyo-based senior staff writer and editorial writer at Nikkei. He spent seven years in China as a correspondent and later as China bureau chief. He was the 2014 recipient of the Vaughn-Ueda International Journalist prize.

"Overconfidence is bad for China's development." So said a Chinese economist when the latest gross domestic product figures were announced on Monday.

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