Xi Hosts Jack Ma, China Private Sector Chiefs in Show of Support

Published On Feb 17, 2025, 2:57 AM

Chinese President Xi Jinping hosted a meeting with Alibaba co-founder Jack Ma and other top private sector executives, highlighting a shift in Beijing's stance towards the private sector, which is crucial for China's economic recovery. The gathering included leaders from various significant industries, underscoring the importance of the private sector in boosting the nation's economy as it faces challenges from global tariffs. This meeting comes after years of scrutiny towards private companies, particularly following Ma's previous conflicts with the government. Analysts view this as a potential rallying moment for stocks and investor sentiment in China, contingent upon forthcoming policy actions from the government.