China tries to make nice with Big Tech as economic challenges mount

Hong Kong CNN Business  — 

China is trying once again to lift the spirits of its huge tech industry after a bruising regulatory offensive that has weakened some of its biggest businesses at a time of stalling economic growth.

In a rare public display of support for the private sector, Vice Premier Liu He said Tuesday that the government would “properly manage” the relationship between the government and the market, and back tech companies to list in both domestic and foreign markets. Liu is a top economic adviser to President Xi Jinping.

He was speaking at a

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