BANGKOK (AP) – Chinese President Xi Jinping met with private sector business leaders on Monday to provide assurances that private sector policies remain unchanged, state media reported. Just as government authorities are working to restore the economy Confused by the pandemic, Regulation crackdown And the real estate crisis.
Among the attendees was the founder of Alibaba Jack Main recent years, it has focused on cracking down on the high-tech industry.
XI said the government’s approach to the Communist Party and the private sector is embedded in the “socialist system with Chinese herbal medicine,” according to state broadcaster CCTV. “They won’t change and they won’t change,” Xi said.
The president also said the government “according to the law, it “protects the legal rights of private companies and entrepreneurs in good faith.” But “at the same time, we must recognize that our country is a socialist country controlled by law and that all kinds of illegal activities by businesses cannot be avoided by investigation or punishment.”
The word of guarantee was made after Beijing Started suppression of the high-tech sector In 2020, the monopoly was broken down and strict data regulations were implemented.
One of the most common faces of that crackdown was MA, who founded the e-commerce company Alibaba in the 1990s, and was once the wealthiest man in China. He kept Not noticeable It has hardly been made public in recent years after publicly criticising China’s regulators and the financial system during his speech in Shanghai.
Other business leaders at Monday’s meeting in Beijing were Zeng Yuqun, chairman of battery developer CATL, Wang Chuanfu, chairman of electric car maker BYD, and Zeng Yuqun, CEO of Tencent. . wechatAccording to a video and national media report from the meeting from the state broadcaster CCTV.
Xi said he hopes private companies will “become rich first and then promote common prosperity.” Alibaba previously pledged $15.5 billion to the causeTencent has pledged $7.7 billion.
Earlier on Monday, a two-paragraph report on the meeting, originally carried by state media, was subsequently deleted. Instead, a search online revealed a short state media statement that cut out the names of people present.
The readout after the meeting conveyed Xi’s speech and mentioned some names of what existed, but not MA.
Masa, one of the wealthiest men in the country, gave a speech In October 2020, he said the regulators were too conservative.. The government responded by troubling his plans. Ali Group Stock market debut. The finance-centric business has grown from Alipay, a popular digital payment system. He was then forced to rebuild into ANT Group and split it into multiple independent businesses.
Alibaba was also investigated and fined $2.8 billion for infringement Anti-Trust Rules.
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AP researcher Yu Bing contributed to this report from Beijing.
