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The meeting of Chinese President Xi Jinping with businessmen last month gave confidence to companies to make investments, president of Alibaba The Joe Tsai group said in CNBC’s Converge in vivo In Singapore on Wednesday.
“People underestimate the importance of that meeting,” he said. “What this meeting did to the entire business sector, or … the private business sector, is to give confidence to private business people to make investments in their businesses.”
Last month, Xi celebrated a Closed doors symposium With some of the most prominent business leaders in the country, including the founder of Alibaba, Jack Ma, in a rare show of support for the sector.
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