CHINA-ECONOMY: VICE PREMIER LIU HE TRIES TO EASE CONCERNS OF CHINESE TECH GIANTS
Vice Premier Liu He, who is also Xi Jinping's economic affairs aide, on May 17 indicated that
Beijing may ease up on a year-long clampdown on technology giants as it battles a slowing
economy. After a symposium with the heads of some of the nation’s largest private firms. Baidu
Inc. founder Robin Li, Qihoo 360 Technology Co.’s Zhou Hongyu and NetEase Inc. chief
William Ding, Vice Premier Liu He said the relationship between government and markets
“should be handled well.” His remarks were, however, short on detail. The meeting between
Liu and tech company representatives was facilitated by the Chinese People’s Political
Consultative Conference (CPPCC).
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