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Xi 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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Portfolio.hu broke the news in on Friday, February 14, 2025.
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