0615 GMT - Xi Jinping's meeting with Chinese tech leaders provided a clear signal from top leadership of support for private enterprises and entrepreneurs, Goldman Sachs analysts write in a note. The Chinese leader met with business leaders at a Monday meeting, where Xi re-emphasized the importance of the private sector to the economy. That said, the implementation of more demand-side stimulus and more market-friendly policy reforms remain key to rebuilding confidence, GS says. Despite rounds of policy easing, private-sector sentiment remains soft, reflecting the scarring effect of Beijing's zero-Covid policy over 2020-2022 and sector-level regulatory clampdowns in previous years, the bank adds. The March Two Sessions meetings are the next key event to watch, GS says. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
February 18, 2025 01:15 ET (06:15 GMT)
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