CHINA-ECONOMY: CHINESE PRESIDENT XI JINPING AND VICE PREMIER LIU HE SEND MESSAGES TO REASSURE CHINESE TECH ENTREPRENEURS

Xi Jinping sent a congratulatory letter to the International Research Centre of Sustainable Development for Big Data, which launched a forum on big data and sustainable development goals in Beijing on September 6. He said establishment of the international research centre underpinned his promise to support the United Nations 2030 Agenda for Sustainable Development. In the letter Xi Jinping said “At present, the world is suffering from the huge impact of the new crown pneumonia epidemic. Technological innovation and the application of big data will help the international community overcome difficulties and implement the 2030 Agenda.” Separately, Xinhua (September 6) reported that Vice Premier Liu He delivered the opening remarks at the 2021 China International Digital Economy Expo via video link on September 6. In his remarks he said the digital economy is key to innovation (Xinhua) and “[We] need to develop the digital economy with a strong sense of innovation and urgency.” He also emphasised the importance of cultivating tech talent to provide the imagination and ingenuity necessary to build an innovative economy adding that the government will look to support the development of the tech industry by improving the legal environment, including by protecting fair competition and opposing monopolies. Liu, He assured the gathering that “[Our] policy of supporting the development of the private economy has not changed…and will not change in the future!” The South China Morning Post (September 6) quoted Jia Kang, a former Director of the Ministry of Finance’s Research Institute for Fiscal Science, as having said in a speech last month at a Chengdu forum that “Under the current complex and changing situation, we need to give the public, especially those leading private companies a sense of direction, safety and hope.” A People's Daily (September 8) editorial reinforced their message and explained that “The regulations and policies introduced treat [everyone] equally” and that “[They’re] aimed at violations of laws and regulations, and by no means single out specific industries or companies.” The Editorial said in conclusion that “The commitment to create a good environment and provide more opportunities for the development of the non-public sector of the economy have not changed.”





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