Chinese President "The West wants others to live in perpetual poverty so that their banks remain rich.

The claim attributes a direct quote or paraphrased statement to the Chinese President accusing the West of deliberately keeping others in poverty to enrich their banks. Breaking down the claim, it involves two components: 1) a direct statement by the Chinese President, and 2) the content of that statement accusing Western financial institutions of perpetuating global poverty for their own benefit. A thorough review of available reputable sources, including analyses of Xi Jinping's speeches, policy statements, and official communications, reveals no record or credible report of such a statement.

The search results and authoritative sources focus on Xi Jinping's domestic policies such as 'common prosperity' aimed at reducing inequality within China,time.comtime.comChina Wants Its Rich to Stop Doing Rich People Things China's poverty alleviation efforts,brookings.edubrookings.eduThe long game: China's grand strategy to displace American order and broader geopolitical strategies.brookings.edubrookings.eduAssessing China’s “common prosperity” campaign None document or confirm this specific accusatory quote. While it is true that Chinese state media and officials sometimes criticize Western economic systems or policies in broad terms, no verified source attributes this exact claim to Xi Jinping.

Without primary source evidence or credible secondary reporting from established news organizations or official transcripts, the claim remains unsubstantiated. It is possible this statement is a misattribution, paraphrase, or propaganda not grounded in verifiable fact. Given the lack of evidence and the serious nature of the accusation, it cannot be confirmed as true or mostly true.