China’s Xi Jinping makes tech and private sector appeal on ‘two sessions’ sidelines
President Xi Jinping has called for deeper integration of technology and industry in China, emphasizing the need to upgrade traditional sectors and cultivate new sources of innovation. This call to action also included a reaffirmation of support for private businesses, a message he has consistently delivered amidst rising US tariffs and ongoing trade tensions.
Speaking to deputies from Jiangsu province, Xi highlighted that scientific and technological innovation, coupled with industrial innovation, are crucial drivers of productivity. He stressed the importance of upgrading traditional industries while simultaneously creating opportunities in emerging strategic sectors. Xi also reiterated the need for authorities to honor commitments made to the private sector, including equal treatment for all businesses, regardless of ownership, and urged Jiangsu to lead in industrial innovation, regional cooperation, and common prosperity, recognizing its role as an economic powerhouse.
via SCMP Full Text Feed
President Xi Jinping has called for deeper integration of technology and industry in China, emphasizing the need to upgrade traditional sectors and cultivate new sources of innovation. This call to action also included a reaffirmation of support for private businesses, a message he has consistently delivered amidst rising US tariffs and ongoing trade tensions.
Speaking to deputies from Jiangsu province, Xi highlighted that scientific and technological innovation, coupled with industrial innovation, are crucial drivers of productivity. He stressed the importance of upgrading traditional industries while simultaneously creating opportunities in emerging strategic sectors. Xi also reiterated the need for authorities to honor commitments made to the private sector, including equal treatment for all businesses, regardless of ownership, and urged Jiangsu to lead in industrial innovation, regional cooperation, and common prosperity, recognizing its role as an economic powerhouse.
via SCMP Full Text Feed
