Xi Jinping Engages with Business Leaders to Stimulate Economic Growth

February 17, 2025 - 13:35

China’s President Xi Jinping has convened a meeting with the nation’s leading business figures, as reported by state media. Among those in attendance was Jack Ma, the co-founder of Alibaba, who has maintained a low profile following previous tensions with Chinese authorities. This gathering marks a significant moment as it reflects the government's intention to foster closer ties with the private sector amid ongoing economic challenges.

During the meeting, Xi emphasized the importance of collaboration between the government and businesses to drive economic recovery and innovation. The discussions reportedly focused on strategies to enhance market confidence and stimulate growth in various sectors. The involvement of prominent entrepreneurs like Ma signals a potential shift in the government's approach towards the private economy, which has faced increased scrutiny in recent years.

As China navigates a complex economic landscape, such engagements with influential business leaders are seen as crucial for revitalizing growth and ensuring stability in the market.