Boosting Confidence: President Xi Jinping Meets with American Business Executives Amid Trade Tensions and Economic Slowdown

Xi Jinping Holds Meeting with American Business Leaders in Beijing

Amidst ongoing tensions with the United States over trade restrictions and cyberattacks, President Xi Jinping recently met with a group of American business executives in Beijing. The Chinese leader convened with representatives from American business, strategic, and academic communities in an effort to boost confidence amid a slowdown in foreign investment, which hit a 30-year low last year.

Investors have expressed concerns about fluctuating sentiments as China pursues its development and security objectives. Warm words from authorities have been followed by actions such as investigations into consultancy firms, the expansion of anti-spy laws, and restrictions on data access. A structural economic slowdown has caused executives to reassess the risks and rewards of operating in China.

Despite holding more frequent gatherings with executives prior to the pandemic, including at events like the annual Boao Forum for Asia, often referred to as China’s Davos, President Xi is not expected to attend this year’s forum, which began on Tuesday in Hainan. This meeting with American business executives signals China’s desire to address concerns and strengthen ties amidst ongoing tensions.

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