President Xi Jinping recently convened private sector leaders, including influential tech figures like Huawei's Ren Zhengfei and Alibaba's Jack Ma, to push for accelerated technological development in China. Xi stressed the importance of private enterprises in driving technological innovation, promoting rural development, and improving overall well-being. He encouraged high-quality business development and innovation. Following this, Alibaba announced a significant investment in digital infrastructure, aligning with Xi's call for increased competitiveness in technology, particularly in AI development, which may have broad global implications.
Huawei CEO Ren Zhengfei indicated that China's technological advancement is gaining momentum, particularly in semiconductors and self-developed operating systems, reducing reliance on foreign products.
Xi Jinping emphasized the crucial role of private enterprises in driving China’s technological innovation, urging business leaders to enhance their innovation capacities and focus on high-quality development.
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