China’s top leaders will meet with tech executives early next month, raising optimism that Beijing will ease off its regulatory clampdown on the once-growing sector.
- Beijing is set to hold a symposium with several internet companies, more so those which have been affected by last year’s crackdown on the so-called “platform economy.”
- Authorities are looking to reassure the corporate executives and encourage them to continue operations under the recent regulatory regime.
- The move comes as the Chinese government faces a huge battle to offset an economic slowdown as COVID-19 restrictions hampered supply chains, threatening further job losses in the year.
The symposium is likely to occur after the Labour Day holiday that lasts from Saturday to next Wednesday. Food delivery giant Meituan is among the tech companies invited.
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Source: South China Morning Post
