Xi Celebrates Chinese Entrepreneurs
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China tech sectorReuters
•Technology
Technology
Analysis-Xi's new frontline corporate guard showcases his priorities, control
79% Informative
Xi mobilised to frontlines a private sector battalion that included the founders of electric car maker BYD , tech giants Huawei , Alibaba, Tencent and Xiaomi .
The firms are key to achieving Xi 's belief that "new productive forces" are needed for China to escape its middle-income trap, compete with the United States and revitalise a stubbornly sluggish domestic economy.
Markets have cheered the meeting as a signal that private enterprise will be treated kindly and that the crackdown on tech giants is over.
Previous disappointments are fresh in investors' minds and a brake on outright exuberance.
Hong Kong's Hang Seng tech index touched a three-year peak on Tuesday .
Shares in Alibaba rose 2% after CCTV showed Xi shaking hands with founder Jack Ma .
VR Score
90
Informative language
98
Neutral language
39
Article tone
formal
Language
English
Language complexity
64
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
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