China's Xi speaks to entrepreneurs as state media says law on 'private sector growth' is in the making

Chinese President Xi Jinping showed strong support for the private sector during a closed-door symposium with entrepreneurs, aiming to boost the country’s economy amid challenges. Analysts view Xi’s presence as a positive signal for entrepreneurs and potential tech sector growth, signaling a shift in regulatory stance. Chinese lawmakers are also considering a draft law focused on private sector development, highlighting its significant contribution to the economy and technological innovation.

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