Chinese President Xi Jinping met with global executives, emphasizing the importance of investing in China amidst escalating trade tensions with the U.S. He stated that multinational companies play a big role in upholding global order and need to work with China. Xi assured that China is a safe and stable place for foreign businesses to invest, highlighting fair opportunities in government procurement bids. More than 40 foreign executives attended the meeting, including representatives from Bridgewater Associates, Standard Chartered, and Blackstone Group.
Trade tensions between the U.S. and China have been rising, with President Trump imposing increased tariffs on China and adding Chinese tech companies to an export blacklist. Xi called for resolving the tensions through negotiations to ensure the stability of global supply chains and emphasized the importance of avoiding decoupling. China has been increasing trade with Southeast Asian countries and the EU, but the U.S. remains their largest trading partner.
China has been reaching out to major U.S. businesses to offset trade pressures, hosting a state-backed conference attended by companies like Apple and Tesla. U.S. Senator Steve Daines visited China, meeting with Chinese Premier Li Qiang and expressing optimism for a future meeting between Presidents Xi and Trump. Li emphasized the need for cooperation and stated that no one benefits from a trade war. Top executives from companies like FedEx, Pfizer, and Boeing were also present at Daines’ meeting with Li.
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