China’s Vice Premier He Lifeng Reassures Foreign CEOs on Investment Opportunities

China’s Vice Premier He Lifeng assured foreign CEOs of China’s robust business environment during a recent meeting with corporate leaders, emphasizing the country’s investment potential and economic resilience, amid efforts to attract foreign investment amidst rising geopolitical tensions.

On Sunday, China’s Vice Premier He Lifeng met with leading international corporate executives, including those from Apple, Pfizer, Mastercard, and Cargill, to discuss the country’s business landscape. He emphasized China’s commitment to enhancing the business environment and encouraged more investment from multinational companies. Describing the Chinese economy as “highly resilient” and “full of vitality,” He reassured attendees of the potential for growth in the region.

The exact location of the meeting remains unspecified. Many foreign executives were present in Beijing to participate in a business forum, where some are anticipated to engage with President Xi Jinping. China’s government is eager to attract foreign investment while addressing increasing geopolitical challenges, especially in light of new U.S. tariffs that may impact trade relations.

At the China Development Forum, Premier Li Qiang urged nations to remain open to market opportunities amidst global uncertainties and promised proactive macroeconomic policies to stimulate growth. Notably, U.S. Senator Steve Daines, alongside executives from several American firms, met with Li during the event. However, it was reported that participation from U.S. CEOs has decreased compared to the previous year.

This year’s forum saw representation from 86 company representatives across 21 countries, with American firms constituting the largest contingent, as noted by state broadcaster CCTV.

The meetings led by Vice Premier He Lifeng highlighted China’s determination to enhance its business environment and attract foreign investment amidst global challenges. The presence of major corporate leaders indicates confidence in China’s economic resilience. However, the decrease in U.S. CEO participation signals ongoing concerns regarding U.S.-China relations. Overall, the forum served as a platform for dialogue on fostering international business collaboration.

Original Source: www.business-standard.com