Amid concerns over economic slowdown and regulatory crackdowns, Chinese President Xi Jinping held a rare meeting with some of the country’s most influential entrepreneurs, including Alibaba co-founder Jack Ma. The event, held at the Great Hall of the People, signaled the government’s renewed focus on private-sector growth.
Attendees included Xiaomi’s Lei Jun, Meituan’s Wang Xing, and CATL’s Robin Zeng. Their presence highlights the government’s recognition of the private sector’s importance in boosting China’s economy and global competitiveness.
Analysts believe this marks a strategic shift. “This is a strong signal that Beijing recognizes the role of private enterprises in driving technological innovation,” said Christopher Beddor of Gavekal Dragonomics.
The meeting comes at a time when China’s tech industry is regaining momentum, driven by developments in artificial intelligence, particularly from DeepSeek. Market reactions have been positive, reflecting renewed investor confidence.
Xi Jinping reassured business leaders of policies aimed at fair competition, tax relief, and better support for private firms, aligning with Beijing’s broader goal of economic revitalization.
