Some of China’s prominent business leaders, including the heads of carmakers BYD and Xiaomi, said they would resist external pressure and keep innovating, following a rare meeting between President Xi Jinping and the private sector. Xi on Monday met dozens of founders and heads of some of China’s largest companies and promising start-ups to encourage private firms to invest more as the Chinese economy slows and geopolitical frictions, especially with the United States, grow. China shares rose on Wednesday, as investment banks said the meeting had improved the argument for buying Chinese stocks, particularly tech shares.Read More
China’s business innovators say will resist external pressure after meeting with Xi
