Chinese premier warns of 'rising instability' at key business forum
- Fewer American CEOs attended the summit this year due to heightened geopolitical tensions between Beijing and Washington, according to one source.
- A closed-door meeting between Li and foreign business executives will not take place for the second year in a row, according to the agenda.
- Senator Daines of Montana met with Vice-Premier He Lifeng and Li in the first visit to China by a U.S. Politician since January.
- Li expressed hope that entrepreneurs will be 'staunch defenders and promoters of globalisation' to resist unilateralism and protectionism.
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China courts foreign businesses as economy slumps
The NewsBeijing intensified its efforts to court foreign businesses, with China’s premier seeking to reassure giant firms like Apple and Boeing of stability and business-friendly policies. In a speech to dozens of top executives at the China Development Forum, Chinese Premier Li Qiang said that Beijing would “adhere to the correct direction of economic globalization,” practice “genuine multilateralism,” and resist “protectionism,” in an apparent…
China just told execs from Apple, Citadel, and Qualcomm that Beijing is still down to do business even with 'unexpected shocks' to trade
China's Premier Li Qiang said that the country is open for business.ADEK BERRYADEK BERRY/POOL/AFP via Getty ImagesChina's Premier, Li Qiang, told top executives that the country is still open for business.He said with rising "instability and uncertainty," it was important for countries to open their markets.This comes as trade tensions escalate between China and the US.China assured top multinational executives on Sunday that it's still open for…
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China calls for global business to ‘resist protectionism’ as American executives gather in Beijing
China is prepared for “possible unexpected shocks,” Premier Li Qiang told a gathering of global executives in Beijing, where he urged them to “resist protectionism” and defend globalization.
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