Xi Jinping Boosts Private Sector in China Amidst U.S. Tech Tensions

CNChina|

Chinese President Xi Jinping attended a symposium focused on private enterprises, emphasizing the need for expansion in both domestic and international markets amidst ongoing tensions with the United States. The official news agency, Xinhua, reported on February 16, 2025, that Xi listened to insights from private company representatives, although no specific details about the discussions were provided.

According to Reuters, the symposium is aimed at enhancing private-sector sentiment, which has faced challenges due to escalating competition in technology between China and the U.S. Sources indicated that high-profile entrepreneurs, including Alibaba co-founder Jack Ma and Tencent CEO Pony Ma, were expected to attend the event. Xi’s speech is anticipated to encourage these leaders to adapt and grow their businesses despite geopolitical pressures affecting the industry.

The gathering reflects China's broader strategy to support its private sector, which is seen as crucial for economic resilience in the face of external challenges.

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