TheJakartaPost
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Since coming to power more than a decade ago, Xi has consistently sought to bolster the role of state enterprises in the world's second-largest economy and warned against the "disorderly" expansion of the private sector.
The agreement came as GoTo’s shares have taken a significant hit since its initial public offering in April 2022, plunging 80.8 percent from the listing price of Rp 338 (2 US cents) to just Rp 65 by Tuesday’s market close.
Asian shares hovered around 15-month highs on Tuesday and the dollar was firm ahead of highly anticipated US inflation data, while Japanese bonds were squeezed as the central bank pulled back a little on its bond buying program.
China's two leading mobile payment providers, WeChat Pay and Alipay, now allow foreign visitors to link their credit cards to access the ubiquitous payment methods at local retailers, meaning one headache less for travelers to the country.
