Latest
Xi Jinping meets with top tech executives amid economic challenges
China’s economy has been grappling with weak consumer demand, partly due to a severe real estate crisis, while trade conflicts with the U.S. have further compounded the situation. The meeting highlighted the ongoing struggles of the world’s second-largest economy.
Chinese leader Xi Jinping met with executives from major tech companies on Monday as the country faces ongoing economic difficulties and international trade tensions, according to state media.
The high-profile meeting included Alibaba co-founder Jack Ma, Huawei CEO Ren Zhengfei, and Wang Chuanfu, the founder of Chinese electric car giant BYD.
The gathering, held in Beijing, was seen as a signal of Xi’s trust and support for the private sector, amid concerns over the country’s economic performance.
China’s economy has been grappling with weak consumer demand, partly due to a severe real estate crisis, while trade conflicts with the U.S. have further compounded the situation.
The meeting highlighted the ongoing struggles of the world’s second-largest economy.
Although details of the conversation remain unclear, experts noted that Xi has used similar meetings in the past to announce supportive measures for private businesses.
ALSO READ : VP Shettima condoles with family of Pa Ayo Adebanjo, Afenifere leader
China’s state-driven economy remains closely intertwined with its political structure, with senior Communist Party leaders, including Premier Li Qiang and Wang Huning, present at the event.
The reception took place at the Great Hall of the People, marking an important moment for both political and business leaders in the country.
-
Latest1 week agoHigh Court opens hearing on Goodluck Jonathan’s 2027 presidential eligibility
-
Crime1 week agoServing police officers arrested with firearms amid escalating Cross River communal crisis
-
Business2 days agoAnger, debate trail proposed $1.25bn loan amid concerns over Nigeria’s debt surge
-
Latest4 days agoWike loyalists dominate As APC clears 33 aspirants for Rivers Assembly primaries, 65 disqualified
-
Featured1 day agoWike dismisses political speculation over meeting with APC Chairman Yilwatda
-
Latest6 days agoNigerian Senate reverses standing orders amendment over constitutional concerns
-
Business2 days agoNigeria’s 2026 debt servicing hits $11.6bn as Tinubu decries global financial inequity
-
Latest2 days agoWhy PRP talks with Obi, Kwankwaso broke down — Baba-Ahmed