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.
66 Articles
66 Articles
Look to the East for new drivers and opportunities
THE Spring, as always, brings new scenes in China. The National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC), more commonly known as the Two Sessions, were convened successively in early March in Beijing. Nearly 3,000 NPC deputies and over 2,000 CPPCC members gathered in China's capital city to bring the voices and aspirations of the people to the nation's highest decision-making platform and into th…
China courts foreign businesses at ‘Asia’s Davos’
The NewsChina’s annual Boao Forum for Asia — often called “Asia’s Davos” — got underway Tuesday, with Beijing hoping to court international and domestic political and business leaders as policymakers work to reinvigorate its lackluster economy.The forum comes as Beijing grapples with heightened tariffs on some of its biggest exports, alongside sluggish growth, low consumer spending, and deflationary pressures.SIGNALSChina seeks to reassure busin…
China’s Economy with Promising Prospects: Pursuing Progress while Ensuring Stability
At present, due to factors such as unilateralism, protectionism, and geopolitics, the world economic growth lacks momentum and faces severe challenges. Against this backdrop, the international community, including Europe, is paying more attention to China’s development prospects and hopes China’s economy can play a greater role in promoting world development and prosperity.
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