President Xi to meet China’s tech entrepreneurs in nod to breakthroughs

Posted by Admin February 14, 2025 Tech

Chinese President Xi Jinping will host a meeting next week with some of the nation’s top entrepreneurs – including six Hangzhou-based start-ups known as the “Six Little Dragons” – to recognise progress in critical areas of technological advancement and show support to the private sector, according to sources.

Between 20 and 30 founders and chief executives from China’s largest technology companies were expected to assemble in Beijing on Monday, according to the sources, who spoke on condition of anonymity.

The meeting comes at a critical time for China before the national legislature and the political advisory body enter their annual meetings to formulate the nation’s strategies to regain economic growth and chart a course through the evolving trade war and technological race with the US. The “two sessions” process is also expected to legislate to better protect the private sector, the Ministry of Justice said last October.

Particularly, the draft law tries to address the concerns of private entrepreneurs, including protections of private property and personal rights, as well as restrictions on criminal investigations.

Chinese President Xi Jinping (left, front) in a meeting during a symposium on private enterprises at the Great Hall of the People in Beijing on November 1, 2018. Photo: Xinhua

Against headwinds, companies such as DeepSeek and Huawei have broken through with new services and products that have mitigated the impact from US restrictions, the sources said.