The sentence below is from an article about China's President Xi Jinping. 　　　　　　　　　　　　　
Near the end of the sentence, what does " overseeing policy blunders" mean?
I think it means carefully supervising China's policy to prevent serious mistakes from happening.
Is it correct?

Over the past decade, Xi has preached China's autocracy as a “new option for other countries who want to speed up their development” while overseeing policy blunders that undermine global prosperity.

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