CORRECTED-QUOTES-What's the significance of Xi's meeting with private enterprises?

Reuters
02-17
CORRECTED-QUOTES-What's the significance of Xi's meeting with private enterprises?

Corrects spelling of Gavekal in paragraph 8 from Gavecal

Feb 17 (Reuters) - China's President Xi Jinping has delivered a speech at a symposium on private enterprises attended by tech entrepreneurs including Alibaba 9988.HK co-founder Jack Ma, official media reported on Monday.

There were no specific details about the symposium.

Reuters reported last week that the symposium is aimed at boosting private-sector sentiment, and Xi was expected to encourage executives to expand their businesses domestically and internationally amid a deepening China-U.S. technology war.

Here's what people are saying about the meeting:

GARY NG, SENIOR ECONOMIST FOR NATIXIS, HONG KONG:

"Despite the rising opportunities in the case of DeepSeek, it is also about guiding the private sector in the government-led direction and containing the potential risks to compete with the U.S.

"The market reads it as a positive signal to include Jack Ma in such a meeting and hope for the end of the tech crackdown. Still, the regulatory environment is the black box. As most AI development happens in the private sector, we cannot entirely rule out the outcome of a tighter-than-market-expected regulatory environment than we see now."

CHRISTOPHER BEDDOR, DEPUTY CHINA RESEARCH DIRECTOR, GAVEKAL DRAGONOMICS, HONG KONG:

"I think it’s a tacit acknowledgement that the Chinese government needs private-sector firms for its tech rivalry with the U.S. Policymakers would probably prefer if industrial-policy planning and state-owned enterprises were able to make innovative breakthroughs at the technological frontier.

"But the disruptive innovations are coming from private-sector companies. The government has no choice but to support them if it wants to compete with the U.S. His (Jack Ma's) presence would be hugely symbolic of how the government’s stance towards the tech sector has changed. If there’s one person associated with the tech crackdown, it’s Jack Ma.

"As for the signal – we’ve seen Xi run this playbook before. He clearly wants to send a message that the government is now supportive of the tech sector, and in turn instill confidence among tech entrepreneurs. It’s more or less a total reversal of the policy stance from a few years ago, when officials vowed to curb the “disorderly" expansion of capital.

"But we know that Xi is concerned about the tech sector, based on his striking public remark last year about the declining number of unicorns."

ALFREDO MONTUFAR-HELU, HEAD OF THINK TANK THE CONFERENCE BOARD'S CHINA CENTER:

"After DeepSeek, Beijing is showing it understands that innovation and growth from the private sector, especially tech companies, is the best way forward for economic growth."

(Reporting by Beijing newsroom; Editing by Anne Marie Roantree and Gerry Doyle)

((liz.lee@thomsonreuters.com;))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10