Xi Jinping to Host Symposium to Energize China's Private Sector

Chinese President Xi Jinping plans to chair a symposium aimed at boosting private sector sentiment. Attendees will include prominent business leaders like Alibaba's Jack Ma and Tencent's Pony Ma. The event highlights challenges such as U.S.-China tensions and slowing domestic growth. Top executives from tech giants are expected to participate.

Chinese President Xi Jinping is set to preside over a highly anticipated symposium aimed at revitalizing confidence in the country's private sector. The event, scheduled for next week, will gather leading business figures, including Alibaba's co-founder Jack Ma and Tencent's CEO Pony Ma, according to informed sources.

Xi's involvement in this rare meeting underscores the significant hurdles facing China Inc. as it navigates escalating tensions with the United States and strives to stimulate a sluggish domestic economy. The symposium is expected to focus on encouraging entrepreneurs, particularly from the tech industry, to expand their businesses both domestically and internationally amidst an escalating Sino-U.S. tech war.

Prominent figures such as Lei Jun of Xiaomi and representatives from Huawei and Yushu Technology are anticipated to participate. Sources familiar with the event, however, have not been authorized to speak publicly, and neither the State Council Information Office nor the companies involved have commented at this time.

(With inputs from agencies.)