When President Xi Jinping brought together China’s most prominent entrepreneurs for a high-profile symposium, markets and industry observers the world over were watching.
Speculation was rife in the lead-up to the meeting over which government officials would attend, which business leaders would be invited and what would be discussed. Now, with the symposium concluded, those questions have answers.
What was the backdrop for the meeting?
Monday’s meeting, scheduled at this critical juncture, represents a show of support from the central government to private enterprise – and an attempt to stabilise public expectations as well as investor confidence.
The symposium may have been prompted by a notable shift in the battleground for technological advancement, where breakthroughs from private companies have helped shore up investor sentiment and boost public perception of China’s potential for innovation.
_0.jpg?itok=McjRUgFR)
01:18
Chinese President Xi Jinping holds rare meeting with China’s top entrepreneurs amid US tech rivalry
Chinese President Xi Jinping holds rare meeting with China’s top entrepreneurs amid US tech rivalry
What did Xi want to convey?
Source link
