PEKIN (Reuters) -The Chinese President XI Jinping took part in a symposium in the Chinese sector on Monday, reported the official press, a rare event that intervenes while Beijing faces a slowdown in its economy and growing tensions with the UNITED STATES.
Xi Jinping delivered a speech after listening to the comments of business leaders of the country, reported the news agency China Nouvelle, without more details on the participants in the symposium or the content of the leader’s speech.
Citing three people by the way, Reuters reported last week that the Chinese president was going to take part in this symposium with the aim of encouraging business leaders in the country to expand their activities, both at local level and ‘International, against the backdrop of increased technological war between China and the United States.
It was expected that eminent business leaders, including Jack Ma, co -founder of Alibaba, and Pony Ma, director general of Tencent, were present at this symposium intended to strengthen the confidence of the Chinese technological sector, the sources said.
The public television channel CCTV confirmed on Monday the presence of Jack Ma and Pony Ma, as well as that of Lei Jun, founder of Xiaomi, Wang Chuanfu, founder of Byd, and Ren Zhengfei, founder of Huawei.
Xi Jinping spoke with several leaders, the same source reported.
The Head of State had chaired a leading symposium in the private sector in 2018, six years after coming to power, promising tax cuts and fair competition to companies, while ensuring that they would have access to Beijing aid.
This time, the symposium stands while the Chinese firm Deepseek unveiled in January a model of AI presented as at least equal to the American rivals but with a lower cost, fueling speculation on potential profits for the Chinese technological sector in its together.
For a long time, Xi Jinping underlines the need for China to be independent for its supply of semiconductors and wants the country to take advantage of artificial intelligence (IA) to boost its economic development.
Beijing’s efforts are however penalized by the restrictions on semiconductor exports set up by Washington, which says it fears that cutting -edge fleas make it possible to strengthen Chinese military capacities.
(Liz Lee, Ziyi Tang, Tom Westbrook, with the Beijing office; Jean Terzian)
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