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China's Xi speaks to entrepreneurs in a rare meeting, signaling support for private sector
Chinese President Xi Jinping delivered a speech at a symposium with prominent entrepreneurs on Monday, according to state media, signaling support for the private sector at a time when the country’s economy has been facing several headwinds. Xi’s presence at the symposium sends a “very clear signal of top-level support” to the private sector entrepreneurs, Peiqian Liu, Asia economist at Fidelity International told CNBC, “this will likely reignite the animal spirit and optimism about renewed growth momentum in China.” “It could potentially be even more powerful than fiscal stimulus, should policymakers ... (full story)
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- Posted: Feb 17, 2025 2:23am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,029
