Exclusive-Xi to chair symposium attended by Jack Ma and other Chinese business leaders, sources say

Exclusive-Xi to chair symposium attended by Jack Ma and other Chinese business leaders, sources say

(Reuters) – Chinese President Xi Jinping plans to chair a symposium to boost private sector sentiment next week that will be attended by the country’s business leaders including Alibaba co-founder Jack Ma, three people with knowledge of the meeting said. Xi rarely chairs symposiums about the private sector and the event underscores the numerous challenges…

Read More
How China’s smaller private firms may be paying the price for huge local government debts

How China’s smaller private firms may be paying the price for huge local government debts

Private firms in China are in a “precarious” situation as debt-ridden local governments increasingly seek to boost earnings through harsh criminal law enforcement, lawyers and observers have warned. The latest such case, involving a businessman based in eastern Shandong province, has sparked fresh worries despite Beijing’s repeated pledges to foster a supportive legal environment for…

Read More