US EditionXi Jinping Meets Business Titans in Bid to Revive China's Economy
- President Xi Jinping met with major business leaders to encourage private sector investment in China's slowing economy, amid increasing geopolitical tensions with the United States.
- Business leaders, including Lei Jun and Wang Chuanfu, expressed support for Xi's remarks and emphasized the resilience of Chinese industries.
- Jack Ma's attendance at the meeting signaled a shift in favor of private enterprises, as Alibaba's value increased significantly following his return.
- Xi Jinping's administration aims to restore confidence in China's technology sector, highlighted by the return of Jack Ma, founder of Alibaba, who had faced severe regulatory repercussions.
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Xi Jinping gave China's big tech companies a personal stamp of approval
Chinese leader Xi Jinping has signaled support for the country's private sector following years of crackdown.Xie Huanchi/Xinhua via Getty ImagesChinese leader Xi Jinping met with the country's top tech leaders, signaling support for the private sector.China has cracked down on Big Tech in recent years as it prioritized national security over private sector profit-making priorities.Chinese tech shares rallied after Xi acknowledged the importance …
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Leaning Left23Leaning Right16Center34Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 32%
C 47%
R 22%
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