Chinese President Xi Jinping met with global executives and encouraged them to invest in China despite escalating trade tensions with the U.S. He emphasized that China provides a safe and stable environment for foreign companies. Xi also stated that China will ensure fair opportunities for foreign businesses to participate in government procurement bids. The meeting included executives from companies such as Bridgewater Associates, Standard Chartered, and Blackstone Group.
President Donald Trump has raised tariffs on China, but has suggested reducing them to close a deal involving TikTok. The U.S. has also added Chinese tech companies to its export blacklist. Xi called for resolving trade tensions through negotiations and emphasized the importance of global supply chain stability.
China has been increasing trade with Southeast Asian countries and the EU, but the U.S. remains its largest single-country trading partner. As a way to offset trade pressures, China has courted executives of major U.S. businesses. This outreach effort was evident at a state-backed annual conference where Apple CEO Tim Cook attended. U.S. Senator Steve Daines also recently met with Chinese Premier Li Qiang, signaling a potential high-level meeting between President Xi and President Trump in the future.
Li emphasized the need for cooperation and stated that no one benefits from a trade war. Executives from companies such as FedEx, Pfizer, and Boeing were present at Daines’ meeting with Li.
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
