Five Things You Need to Know to Start Your Day

China’s Xi sends olive branch. AI guidelines loosened. Microsoft delay urged. Here’s what you need to know today.

Chinese President Xi Jinping finally appears to be extending an olive branch to private businesses battered in recent years by regulatory crackdowns and the world’s most restrictive Covid-19 policies. Officials have taken a series of high-profile actions designed to telegraph the Chinese government’s backing for private companies, and Xi has vowed to treat foreign investors better and called for greater opening up in recent weeks.