Xi Jinping Meets Business Leaders to Boost China's Economy

Chinese President Xi Jinping addressed business leaders, including Jack Ma, at a symposium on Feb 17 to discuss China's economic slowdown and strained relations with the US. The symposium aimed to increase confidence in the private sector, urging leaders to expand both domestically and internationally amid technological competition with the US. Xi Jinping highlighted the importance of achieving semiconductor self-sufficiency, harnessing AI for economic progress, and acknowledged challenges posed by US export restrictions. He stressed the need for Chinese government support to bolster the private sector against US competition.