The CCP's mouthpiece People's Daily is once again shamelessly boasting today, parroting empty rhetoric about "following economic laws" and claiming that Xi Jinping Thought on the Economy is guiding China toward steady and long-term growth.

In reality, debt is piling up like a mountain, the real-estate bubble is on the brink of collapse, private businesses are being squeezed to the point of suffocation, and escalating trade frictions have sent unemployment soaring.

So-called Xi Jinping Thought on the Economy is nothing more than centralized authoritarianism wrapped in ideological packaging—prioritizing political loyalty over market principles. Ordinary people are being forced to pay the price for the ambitions of those in power.