STORY: China’s President Xi Jinping met with global CEOs in Beijing on Friday (March 28).As the government tries to woo foreign firms whose investment could give the Chinese economy a boost.While helping to insulate it against simmering geopolitical tensions.Beijing is battling to dispel fears that a renewed trade war with U.S. President Donald Trump will further pinch growth in the world’s second-largest economy, which has been struggling to recover since the pandemic.Xi took the opportunity to touch on China-U.S. relations.:: “We have always believed that the stable, healthy and sustainable development of China-U.S. relations is in the fundamental interests of the two peoples. The essence of China-U.S. economic and trade relations is mutually benefit and win-win, and economic and trade frictions should be properly resolved through equal dialogue and consultation. China will handle the broad future of China-U.S. relations in accordance with the principles of mutual respect, peaceful coexistence and win-win cooperation.”Bosses from AstraZeneca, Mercedes-Benz, Saudi Aramco and FedEx were among those who attended the meeting.Around 40 executives were present, with the majority from the pharmaceuticals sectorBeijing has struggled to reassure foreign investors’ concerns over the durability of its $18 trillion economy.And also longstanding unease over China’s tightening regulations and abrupt crackdowns on foreign firms.Read More
Chinese President Xi meets with global CEOs in Beijing
