Financial Times

China truce with business — for now

China tries to attract domestic and foreign capital by launching a charm offensive to convince investors the country is open for business, after two years of cracking down on large parts of the private sector.

Chinese authorities declare to respect the legitimate rights of the corporate class.
President Xi Jinping launches a charm offensive to attract domestic and foreign capital.
Southern province of Hainan orders officials to desist from detaining and prosecuting private sector entrepreneurs.
China needs sustained foreign investment to help boost productivity and create jobs for millions of university graduates.
China is trying to compete with the US in areas like AI and faces challenges in accessing cutting-edge semiconductors.

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