Zhè xiàngmù jiùshì huángdì de xīnzhuāng, méi rén gǎn shuō bùhǎo.
This project is the emperor's new clothes - no one dares say it's bad.
Tips
culture
Classic Hans Christian Andersen (安徒生) fairy tale, widely taught in Chinese primary schools. Functions as a cultural shorthand in Chinese similar to English: naming obvious-but-unacknowledged truth.