China’s Xi Jinping holds rare meet with business leaders amid US tech rivalry

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President Xi Jinping held a rare, highly choreographed meeting on Monday with some of the biggest names in China’s technology sector, including Alibaba founder Jack Ma, in what analysts saw as a show of support to rally private companies.

The event, a turnaround in Beijing’s approach to its tech giants from a regulatory clampdown four years ago, reflected policymakers’ concern about a slowdown in growth and efforts by the United States to limit China’s technological development.

Xi’s move to gather business leaders, including those behind breakout…



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China’s Xi Jinping holds rare meet with business leaders amid US tech rivalry


President Xi Jinping held a rare, highly choreographed meeting on Monday with some of the biggest names in China’s technology sector, including Alibaba founder Jack Ma, in what analysts saw as a show of support to rally private companies.

The event, a turnaround in Beijing’s approach to its tech giants from a regulatory clampdown four years ago, reflected policymakers’ concern about a slowdown in growth and efforts by the United States to limit China’s technological development.

Xi’s move to gather business leaders, including those behind breakout…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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