President Xi Jinping’s rare public meeting with prominent Chinese tech CEOs has sparked hope that Beijing is easing its regulatory grip on the industry. The gathering, which included Alibaba co-founder Jack Ma and other top innovators, marks a significant shift for China as it navigates its trade war with the US. After four years of strict regulation, Xi’s move could provide much-needed respite to the tech sector, allowing firms like Unitree, BYD Co., and DeepSeek to continue developing cutting-edge innovations despite US export controls.
Source: https://www.bloomberg.com/news/articles/2025-02-18/xi-s-embrace-of-china-tech-ceos-spurs-hope-of-big-economic-shift