The Chinese president rarely chairs symposiums about the private sector and the event underscores the numerous challenges facing China Inc.

Chinese President Xi Jinping plans to chair a conference next week with business figures including Alibaba Group Holding Ltd. co-founder Jack Ma, Reuters reported, sending a strong signal of renewed support for the private sector.

China has invited prominent entrepreneurs including Alibaba Group Holding Ltd. co-founder Jack Ma to meet the nation’s top leaders, people familiar with the matter said, a potentially momentous show of support for the private sector after years of turmoil.

Chinese President Xi Jinping plans to chair a symposium to boost private sector sentiment next week that will be attended by the country's business leaders including Alibaba co-founder Jack Ma, three people with knowledge of the meeting said.

BEIJING - Chinese President Xi Jinping plans to chair a symposium to boost private sector sentiment next week that will be attended by the country’s business leaders, including Alibaba co-founder Jack Ma, three people with knowledge of the meeting said.

Chinese President Xi Jinping is set to chair a symposium next week aimed at boosting private sector sentiment, with prominent business leaders like Alibaba's Jack Ma and Tencent's Pony Ma in attendance.