China president Xi set to chair symposium with business leaders next week - report

The point of the symposium is said to discuss ways to boost private sector sentiment. The meet will also include Alibaba co-founder Jack Ma, Tencent CEO Pony Ma, as well as other Chinese business leaders mostly from the tech sector. It is expected to take place on Monday.

For some context, it is quite rare to see Xi chair such a meet up between business leaders. But desperate times call for desperate measures as he is trying to figure out solutions to address the challenges that the China economy is facing. That especially at a time when trade tensions with the US are also escalating.

Xi is said to be expected to encourage those in attendance to expand their businesses domestically and abroad too.