BEIJING — Chinese President Xi Jinping encouraged companies to break technological barriers as Beijing mobilizes its private sector to counter what it sees as containment by the U.S. and its allies.
Innovation led by companies is key to realizing “high-level technological self-reliance,” Xi declared at a meeting on Friday attended by senior Communist Party officials, including Premier Li Qiang. The government should help companies crack core tech challenges facing the country, the official Xinhua News Agency reported, citing the meeting Xi presided over.
Xi said the key to growing private business lies in removing institutional barriers that impede fair competition and calibrating policy to ensure better coordination and “solve companies’ real difficulties.” The state sector should be reformed to ensure national economic security, he added, while improving efficiency and oversight.
