Xi Jinping meets with CEOs and seeks foreign investment

Chinese President Xi Jinping is reportedly scheduled to meet with American business leaders in Beijing next week in a bid to attract American companies amid a decline in foreign investment.

The meeting scheduled for Wednesday (March 27) will include: evan greenberginsurance company CEO Chub, stephen orleanspresident of National Commission on US-China Relationsand craig allenpresident of US-China Business CouncilWall Street Journal (WSJ) report Thursday (March 21).

The conference will follow the China Development Forum, an annual gathering where global business leaders meet with Chinese policymakers to discuss topics such as China’s economic growth, artificial intelligence and climate change, according to the report. .

This year’s forum is particularly significant as China grapples with economic challenges such as a slowing economy, sluggish consumption and declining private investment, the report said. Foreign companies are also seeking assurances from the Chinese government regarding inconsistent regulations and increased operational risks.

U.S. CEOs, who were conspicuously absent from last year’s forum due to political tensions between the U.S. and China, are expected to have a strong presence this year, according to the report. The United States will host the world’s largest business delegation, representing 34 of the more than 85 top executives attending the event.

Attendees include: tim cook of apple, stephen schwartzman of black stone, ken griffin of citadel and noel quinn of HSBCaccording to the report.

According to reports, the meeting between Mr Xi and US CEOs follows a dinner hosted by the National Commission on US-China Relations and the US-China Business Council for Mr Xi in San Francisco last November. During the dinner, Mr. Xi called for cooperation from U.S. companies to ease bilateral tensions, but he spoke out against Beijing’s focus on national security and perceived threats from the West. It didn’t give me any sense of security.

Government officials attending the meeting are likely to highlight the impact of U.S.-China tensions on trade and express hopes for stable relations, according to the report. Concerns may also arise regarding data transfer regulations, market access barriers, government procurement, and subsidies.

In December, it was reported that China was facing a decline in exports, a slowdown in manufacturing and a downturn in real estate.country influence economic downturn That’s how Chinese consumers feel, even those from the middle to upper classes.