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Xi Jinping Meets Top Chinese Business Leaders, Including Jack Ma

The rare meeting signals a potential shift in Beijing's approach to private enterprises as China faces economic challenges.

  • Chinese President Xi Jinping held a significant meeting with leading private sector executives at the Great Hall of the People in Beijing.
  • Jack Ma, Alibaba's founder, attended the meeting, marking his return to prominence after years of strained relations with Chinese authorities following his 2020 criticism of financial regulators.
  • Other participants included Ren Zhengfei of Huawei, Wang Chuanfu of BYD, and Zeng Yuqun of CATL, highlighting the focus on tech and innovation sectors.
  • The meeting comes as China grapples with slowing economic growth, high youth unemployment, and weak consumer spending post-COVID-19 recovery.
  • Analysts view the meeting as an effort to reassure private businesses of their role in China's economic development amidst past regulatory crackdowns.
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