Tech
China’s Xi Jinping holds rare meet with business leaders amid US tech rivalry
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President Xi Jinping held a rare, highly choreographed meeting on Monday with some of the biggest names in China’s technology sector, including Alibaba founder Jack Ma, in what analysts saw as a show of support to rally private companies.
The event, a turnaround in Beijing’s approach to its tech giants from a regulatory clampdown four years ago, reflected policymakers’ concern about a slowdown in growth and efforts by the United States to limit China’s technological development.
Xi’s move to gather business leaders, including those behind breakout…
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