February 17, 2025 10:00 GMT
MNI BRIEF: President Xi Meets With Tech Leaders
MNI (BEIJING) - Chinese President Xi Jinping attended a symposium with private sector leaders, state owned Xinhua news agency reported on Monday.
Video footage from China Central Television (CCTV) showed Alibaba’s Jack Ma and Huawei CEO Ren Zhengfei in attendance, along with several other leading tech-sector leaders. President Xi listened to attendees' comments before delivering a speech, Xinhua noted.
China must ensure 5% y/y GDP growth in 2025 through strong fiscal expansion, monetary easing and infrastructure investment to boost domestic demand as U.S. tariffs drive export uncertainty, a prominent economist told MNI. (See MNI: China To Ensure 5% GDP Amid Export Uncertainty: CASS's Yu)
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