Alibaba Group Chairman Joe Tsai recently shared that following a meeting with President Xi Jinping, Chinese entrepreneurs have become noticeably more confident. This renewed optimism is already reflected in the company’s decision to resume hiring, signaling a shift toward increased business activity within China.

This week, global attention was drawn to a meeting between Chinese President Xi Jinping and representatives of the private sector. During the event, Huawei's founder, Ren Zhengfei, stated that concerns over China’s lack of domestic semiconductors and operating systems are gradually diminishing. His remarks underscore China's ongoing pivot toward technological self-sufficiency despite external pressures and sanctions.