BEIJING, China – February 5: Chinese President Xi Jinping will attend a meeting with Pakistani President Asif Ali Zardari (uncomfortable) at the Great Hall of the People on February 5, 2025 in Beijing, China.
Wu Hao Getty Images News | Gety pictures
Chinese President Xi Jinping gave a speech at a closed seminar with prominent entrepreneurs on Monday Government mediaSupport the reference to the private sector while the country’s economy faces many opposite winds.
The presence of Shi in the symposium sends a “very clear signal for support from the project owners,” Peiqian Liu, an economist in Asia at Foundelity International, for CNBC, “is likely to rule the animal spirit and optimism about the momentum of renewable growth in China.”
“It is possible that it is stronger than financial stimulation, in the event that policy makers show more support for the development of the technology sector in China,” Leo added.
Beijing sought to strengthen its economy, which has declined through dull local consumption, and the riding of the lengthy real estate and the external opposite sticks, such as the customs tariff for its exports.
Lin Song, chief economist in LNG, said, stressing the timing of this meeting, the risks.
“The organizational overlap that we have gone through over the past two years or so at the end of it,” said Andy Mainard, the administrative director of the head of the stocks in China, may mean that “the organizational overlap that we have passed over the past two years or so at the end.”
Separately, government media reported CGTN The Chinese lawmakers were “chanting the first basic law in the country that focuses on the growth of the private sector.”
“The law will be of great importance to increase the improvement of the development environment for the private sector and the leadership of high -quality growth,” according to the report.
He stressed that the private sector contributed to more than 60 % of GDP in China, 48.6 % of foreign trade, 56.5 % of fixed investment in fixed assets, 59.6 % of tax revenues and more than 80 % of urban workers.
“The rapidly growing sector played an important role in enhancing technological innovations and stability of economic growth,” the report said.
The founder of Alibaba Jack was among the entrepreneurs present at the meeting, according to a video released by the Chinese government media.
The explicit businessman often remained outside the eyes of the public since the Chinese authorities mocked the initial public group of Alibaba Group Ant in November 2020, after his general criticism of the country’s organizational system.
Mainard said that the return to the lights could enhance the expectation that Beijing relieves its approach to large technology companies.
Among the other entrepreneurs who attended the meeting, Ren Chengvy, founder and director of the Huawei technologies, Lei Jun, founder and CEO of Electronics Maker Xiaomi Corp, Wang Xing, Food Giant Meituan, along with car and battery heads of Maker Contemporary Technology Co.
“You can never reduce the strength of such a meeting” in just restoring the confidence of Chinese entrepreneurs, who were stepping with caution against “not a step on the wrong foot or heading to a path that might be something [Beijing] Sam Radwan, the founder of the Consulting Company, said the International Window, he does not like.
Beijing began an organizational storm against large technology companies in the country in late 2020 due to fears that it was very large and strong.
While the symposium may not refer to a “180 -degree turn” in China’s control of its economic policy, it reflects Beijing’s recognition of the important role that the private sector in China can play in supporting growth and enhancing technological capabilities amid tightening restrictions on the restrictions of Alfredo Monttager Hilo. , Chairman of the China Center at the Conference Council, for CNBC, that Western countries, the head of the China Center in the Research Council of the Conference Council, for CNBC.
The Chinese Chinese CSI 300 indicator has not changed slightly after the news.
The Hang Seng Tech Index, which has jumped more than 5 % on Friday, widens the media reports of the meeting, to decrease more than 2 % after the meeting.
The Chinese DEPSEK edition of the advanced artificial intelligence model helped to pay a march in the country’s stock market last month, which led to calls for re -renewal of emerging shares. It was previously reported by Deepseek founder, the prominent Deepseek founder, was invited to the meeting.