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China courts American, European multinationals amid growing global trade tensions

  • On March 23, 2025, Chinese Vice-Premier He Lifeng met with executives from major U.S. And European companies like Apple, Pfizer, and Mastercard at the China Development Forum in Beijing, while U.S. Republican Senator Steve Daines met with Premier Li Qiang and seven U.S. Company executives.
  • Amid heightened geopolitical tensions, a slowing economy, and a burst real estate bubble in 2023, Beijing is keen to attract foreign investment and boost domestic consumption, seeking to offset the impact of US tariffs and reinforce a conciliatory stance.
  • During the forum, Chinese leaders like Premier Li Qiang urged countries to open their markets and promoted globalization, promising more active macroeconomic policies and emphasizing China's commitment to improving the business environment and deepening economic ties with multinational firms.
  • He Lifeng stated, "China will continue to improve the business environment and welcome more investment by multinational companies in China, sharing opportunities for development," while Corning CEO Wendell Weeks said, "So I feel like recovery is underway," and Qualcomm's Amon expressed optimism about technology's role.
  • These meetings and statements aimed to reassure foreign investors, signaling China's commitment to economic growth and international cooperation despite trade pressures and uncertainty, with Senator Daines hoping the meetings would be a "first step" toward a meeting between Presidents Xi Jinping and Donald Trump.
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China chip insiders eye stronger global ties despite trade tensions

Industry insiders at a semiconductor trade fair in Shanghai urged more cooperation between the Chinese chip sector and the rest of the world, despite growing trade tensions with Washington.

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regionalmedianews.com broke the news in on Sunday, March 23, 2025.
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