Xi Jinping’s family holds billions in assets despite anti-corruption drive, US intelligence report finds

Xi Jinping’s family holds billions in assets despite anti-corruption drive, US intelligence report finds

Chinese President Xi Jinping’s relatives continue to hold millions of dollars in business ventures and financial investments, suggests a recent US intelligence report. The findings also suggest that despite Xi’s decade-long anti-corruption drive, which has seen the prosecution of millions of officials across all levels of the Chinese Communist Party (CCP) there still remains “endemic”…

Read More
Alibaba’s Joe Tsai: Xi Jinping’s entrepreneur meeting fuels business confidence in China

Alibaba’s Joe Tsai: Xi Jinping’s entrepreneur meeting fuels business confidence in China

President Xi Jinping’s high-profile meeting with technology business leaders last month significantly enhanced the confidence of Chinese companies, prompting Alibaba Group Holding to make substantial investments in artificial intelligence (AI), according to company chairman and co-founder Joe Tsai during a conference in Singapore. “I wouldn’t underestimate the importance of that event,” Tsai said on Wednesday…

Read More
‘Two sessions 2025’: talent and tech tipped to drive China’s growth, top advisory body says

‘Two sessions 2025’: talent and tech tipped to drive China’s growth, top advisory body says

China’s focus on expertise and innovation have been powerful drivers of growth over the past year and look set to remain so despite the “profound” changes around the world. Addressing the media, Liu, the CPPCC’s spokesman for the session, said China’s vast market had potential to unlock fresh spending and was supported by a well-established…

Read More
Communist Party newspapers echo Xi Jinping’s call for promotion of private sector

Communist Party newspapers echo Xi Jinping’s call for promotion of private sector

Two high-profile Chinese newspapers linked to the Communist Party published editorials on Thursday voicing support for the private sector and advocating the creation of a favourable business environment to drive the growth of private enterprises. Ahead of the “two sessions” – the annual meetings of the country’s legislature and top advisory body – beginning in…

Read More