In a significant move to propel the growth of the private sector, President Xi Jinping hosted a symposium in Beijing on Monday, bringing together dozens of entrepreneurs from some of China's most prominent private businesses. The event highlighted the vital role of private enterprises in driving technological innovation and economic development.
Among the key speakers were industry leaders from the tech sector, including Ren Zhengfei of Huawei, Wang Chuanfu of BYD, Liu Yonghao of New Hope, Yu Renrong of Will Semiconductor, Wang Xingxing of Unitree Robotics, and Lei Jun of Xiaomi. These leaders shared insights on navigating the current economic landscape and fostering growth within their respective fields.
Additionally, the symposium featured notable figures such as Pony Ma of Tencent, Jack Ma of Alibaba, and Liang Wenfeng of DeepSeek, underscoring the event's importance in the tech industry.
Experts have lauded the symposium as a positive signal for the development of private enterprises in China. Li Yong, a chief researcher at the D&C think tank, emphasized that the gathering reinforced China's commitment to supporting private businesses. \"China's technological progress stems from socialism with Chinese characteristics, with a key focus on the promotion and cultivation of private enterprises,\" he stated.
The event aligns with the recent resolution of the Central Committee of the Communist Party of China on advancing modernization, which underscores the importance of strategic industries such as next-generation information technology, AI, renewable energy, and more. Companies like Huawei and BYD are at the forefront of these initiatives, driving advancements in 5G technology and electric vehicles, respectively.
By fostering a supportive environment for private enterprises, China aims to maintain its competitive edge globally and achieve its long-term economic goals. The symposium not only highlighted the achievements of these tech giants but also set the stage for continued innovation and collaboration in the years to come.
Reference(s):
Who are the tech giants attending symposium with President Xi?
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