While the competition for tariffs and technology hegemony with the US is intensifying, Chinese President Xi Jinping has convened major firms in a single place. He promised a series of measures to enhance the Chinese business environment.
In line with the state -owned Xinhua News Agency, Mr. Xi emphasized that he would “actively encourage, support, and guide the event of the private economy.”
This event, F founding father of Alibaba, Chairman of Xiaomi, Chairman of Xiaomi, who ranked No. 1 within the Chinese smartphone market and entered the electrical vehicle business, and recently released humanoid robots, Wang Sing Sing Singh, who was attracting attention, Huawei founder Run Jung Pay, the world’s No. 1 Chairman Wangchuan Fu of BYD, the world’s largest battery company, CATL Chairman, The vice -chairman of the China National Industry Association, Rung Yubin, the Wayer Semiconductor Founder Wirenlong, and Chairman Lee Chun -hoo of the transformer manufacturer, Jeong Thai Group, were attended. As well as, the corporate also introduced the AI ​​model of low -cost high -efficiency producing AI models, and the Deep Chic founder Yang Won Peng, who was attracting attention from all around the world.
Mr. Xi said, “The private economy has a brilliant prospect and an enormous potential, and now it’s a timely manner to showcase its capabilities.”
Specifically, the corporate announced its willingness to support private economic development based on China’s financial system and legal system. “We’ll strengthen the law enforcement and supervision, to impose unfair charges, fines, and unreasonable prosecutors, and thoroughly protect the legitimate rights of personal firms and entrepreneurs.”
Mr. Xi attended a symposium with private entrepreneurs for about six years since November 2018. As well as, the protection of technology firms in the general public statue shows the willingness to flee the strong regulatory stance on Big Tech private firms prior to now.
Specifically, the event was attracted by Chairman Mawin Alibaba, who once turned to ‘asylum’ after the federal government’s criticism in October 2020. Since his remarks, Ant Group, an affiliate of Alibaba’s fintech, has been listed within the US. Nonetheless, within the event video released on the official CCTV of China, Ma was within the front row of businessmen. Bloomberg analyzed that “Mr. Shi’s meeting with Mawin is interpreted as a strong signal that the Chinese Communist Party will actively support the private sector for economic growth.”
Through this event, corporate heads expressed their loyalty to China’s leadership, while President Xi appeared to have requested cooperation by emphasizing the role of personal firms for economic growth and self -sufficiency.
By Park Chan, reporter cpark@aitimes.com
