Chinese President Xi Jinping has extended an olive branch to the country’s wealthiest private entrepreneurs after years of subjecting them to scrutiny and regulatory crackdowns. In a recent symposium, Xi reassured billionaire business leaders that Beijing is committed to supporting private enterprises. Since then, some previously sidelined figures – most notably Jack Ma of Alibaba […]
In China, Billionaires Return to Favor – on the Party’s Terms
Facing U.S. pressure on its tech development, Beijing has turned back to private sector innovation.
