Ten Minutes On... That Private Sector Meeting in Beijing and China's Middle Income Trap

TEN MINUTES ON…

On Monday, Chinese President Xi Jinping met with private sector entrepreneurs in an effort to boost confidence and chart a way forward in the wake of U.S. tariffs imposed by former President Donald Trump. Among those present was Alibaba founder Jack Ma, who has largely remained out of the public eye since Chinese authorities blocked his company’s merger in 2020.

But this meeting is about more than just business—it highlights deeper economic challenges facing China, including the risk of falling into the "middle-income trap." Listen to explore what this means for China’s economic trajectory, its leadership, and the world at large.

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