China's tech future needs more than a Jack Ma handshake

DeepSeek's AI breakthrough signals a shift, but will Xi walk the talk on reviving the sector?

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20250220 xi meeting business leaders

A giant screen at a Beijing shopping complex on Feb. 17 shows news footage of Chinese President Xi Jinping shaking hands with Alibaba founder Jack Ma during a symposium on private enterprises. © Reuters

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

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