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Mon, February 17, 2025

China's Xi promises policy stability at meeting with business leaders, including Alibaba's Jack Ma


Published on 2025-02-17 08:40:50 - MSN
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  • China's President Xi Jinping met with private sector business leaders on Monday, offering them assurances that policies regarding the private sector would not change, state media reported, as government officials work to revive an economy disrupted by a pandemic,

In a recent meeting with prominent business leaders, including Alibaba's co-founder Jack Ma, Chinese President Xi Jinping emphasized the importance of policy stability and support for the private sector. Xi's comments come at a time when China is facing economic challenges, including a slowing economy and strained relations with the U.S. He reassured business leaders that China would continue to foster a favorable business environment, promote fair competition, and protect the rights of entrepreneurs. This engagement signals a potential shift towards more supportive policies for private enterprises, aiming to boost economic confidence and growth amidst global uncertainties. Xi's dialogue with business magnates like Ma, who has had a complex relationship with government policies in the past, underscores the government's intent to mend ties with the tech sector and stimulate economic recovery.

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