The recent meeting between Chinese President Xi Jinping and key business figures, most notably Jack Ma, has reignited interest in China's tech sector. After stepping away from the public eye in 2020 due to criticism of China’s financial policies, Ma's attendance, alongside other business leaders, signifies a potential shift in China’s stance towards its tech industry. Following the event, Alibaba's stock saw significant gains, reflecting optimism about the future and stability of China's tech environment under current governance. Analysts view Ma's presence as an indicator of rehabilitation, impacting market sentiment positively.
Jack Ma's attendance, his seating in the front row, even though he did not speak, and his handshake with Xi are clear signs he has been rehabilitated.
The comeback of [Jack] Ma is a shot in the arm to the current Chinese economy.
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