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May 12 (Reuters) – China’s political advisory physique ideas to host a discussion board subsequent 7 days with some personal sector firms like Baidu Inc (9888.HK), Bloomberg News described on Thursday, as traders await any hints of Beijing lessening its clampdown on the tech industry.
President Xi Jinping’s leading financial aide, Vice Premier Liu He, could also go to the conference which will be hosted by the Chinese People’s Political Consultative Convention, the report included.
Other attendees include things like officials from federal government agencies this kind of as the Cyberspace Administration of China and company executives together with Baidu founder Robin Li, the report reported citing individuals common with the subject.
The State Council Details Business and Baidu did not immediately answer to a request for comment.
China’s technological innovation sector is smarting from a 12 months-long regulatory crackdown, which has upended after-prevalent sector procedures and wiped millions of pounds off share rates.
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Reporting by Sneha Bhowmik in Bengaluru Enhancing by Kim Coghill
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