As China puts increasing emphasis on "common prosperity," a euphemism for a fairer and more equal society, private tech companies that have prospered in recent years are now making eye-catching direct donations or sponsoring wider trends in philanthropy.
Echoing that sentiment, Sun Xiao, secretary-general of the Beijing-based China Chamber of International Commerce, said the hosting of the CISCE underscores China's dedication to stabilizing and strengthening the global supply chain, and countering Western countries' calls for "de-risking", a euphemism for "decoupling" from China.
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