President Xi Jinping has held a symposium with some of the biggest names in China’s private technology sector, such as Huawei’s Ren Zhengfei, BYD’s Wang Chuanfu, DeepSeek’s Liang Wenfeng and Alibaba’s Jack Ma. Among other comments, President Xi encouraged the private tech sector to “show their talent” and that China’s governance and the scale of its market provide an “inherent advantage” in developing new industries.
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