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China's Xi urges entrepreneurs to 'show their talents' in show of support for private business

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Chinese President Xi Jinping on Monday urged entrepreneurs to "show their talents" in a "new era" for the nation's businesses, state news outlet Xinhua reported.
Chinese President Xi Jinping has publicly encouraged entrepreneurs to demonstrate their talents and contribute to the nation's economic growth, signaling strong support for the private sector. In a meeting with representatives from the All-China Federation of Industry and Commerce, Xi emphasized the importance of the private economy in promoting innovation, job creation, and overall economic development. He called for the creation of a business environment that is market-oriented, legally sound, and internationalized, aiming to boost investor confidence. This move comes amidst efforts to revive China's economy, which has been facing challenges like a property market slump, high youth unemployment, and reduced consumer spending. Xi's remarks are part of a broader initiative to reassure private businesses and entrepreneurs that they are vital to China's economic strategy, especially after a period of regulatory crackdowns on tech giants and other sectors.

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