Xi's troubled relations with Jack Ma and private businesses
Xi's troubled relations with Jack Ma and private businesses
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Xi Jinping’s relationship with China’s private sector follows a cycle of control, dependence, and suppression. When the economy struggles, the CCP turns to private businesses for help. But once they become too powerful, they are cut down. Jack Ma’s story is a perfect example. Once celebrated as a symbol of innovation, Ma vanished from public view after criticizing China’s financial system in 2020. Now, in 2025, Ma has been invited to a high-profile business forum with Xi. Does this signal a real policy shift? Or is it just another short-term move to stabilize the economy?
1. Who attended last week’s business forum?
2. What was the immediate market reaction?
3. Is Xi really making peace with private businesses?
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