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China's Xi holds rare meet with business leaders amid US tech rivalry

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President Xi Jinping held a rare, highly choreographed meeting on Monday with some of the biggest names in China's technology sector, including Alibaba founder Jack Ma, in what analysts saw as a show of support to rally private companies.
Chinese President Xi Jinping met with American business leaders in Beijing, marking a significant engagement amid escalating U.S.-China tech rivalry. This rare meeting, which included CEOs from major U.S. firms like Qualcomm, Blackstone, and FedEx, aimed to foster better economic relations and reassure foreign investors of China's commitment to opening its markets. The discussions took place against the backdrop of ongoing trade tensions, with Xi emphasizing China's dedication to high-quality development and openness to foreign investment. This outreach comes as China seeks to stabilize its economy and reassure global businesses amidst concerns over regulatory crackdowns, national security laws, and geopolitical frictions, particularly in technology sectors where the U.S. has imposed restrictions on Chinese tech companies.

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