Xi Jinping Engages Business Leaders, Including Jack Ma, to Revitalize China's Economy
In a recent meeting, Xi Jinping reassured business leaders, including Jack Ma, of support for the private sector amid economic recovery efforts.
Subscribe to unlock this story
We really don't like cutting you off, but you've reached your monthly limit. At just $5/month, subscriptions are how we keep this project going. Start your free 7-day trial today!
Get Started
China’s President Xi Jinping met with private sector business leaders on Monday, state media reported, as government officials work to revive an economy disrupted by a pandemic, regulatory crackdowns and a real estate crisis.
China's Xi meets with business leaders to boost economy
ABC News·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.The words of assurance were made after Beijing launched a crackdown on the tech sector in 2020 to break down monopolies and implement strict data regulations.
China's Xi promises policy stability at meeting with business leaders, including Alibaba's Jack Ma
Associated Press·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
It was a reminder that this is a leadership in Beijing that now recognizes that if they want to get growth, they have to get the private technology sector working again.
Why Is Xi’s Meeting With Ma, Entrepreneurs Important?
Bloomberg·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
But the country is now struggling with an economic downturn driven by a housing crisis, stagnant low consumption and high youth unemployment.
Xi Jinping meets Alibaba’s Jack Ma and Chinese tech chiefs amid economic slump
The Guardian·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.Leans LeftThis outlet slightly leans left.
Summary
In a recent symposium, Chinese President Xi Jinping met with top business leaders, including Alibaba's Jack Ma, assuring them of government support for the private sector. This meeting marks a notable shift in approach after years of regulatory crackdowns. Xi emphasized the importance of the private sector within China's socialist framework, insisting on the protection of legal rights for entrepreneurs. However, ongoing concerns remain regarding artfully balancing growth and regulatory scrutiny, especially given China's economic challenges, including a real estate crisis and high youth unemployment. Analysts are monitoring whether Xi's reassurances translate into substantive economic support.
Perspectives
No center-leaning sources available for this story.
History
- 3M