BEIJING, Mar 27 (AFP): Chinese President Xi Jinping met with representatives of US businesses Wednesday as Beijing seeks to woo foreign investment and reassure American firms in the face of a slowing economy.
Officials are keen to bring in investment to kickstart growth as they battle a range of headwinds including a prolonged property-sector crisis, soaring youth unemployment and a global slowdown that is hammering demand for Chinese goods.
Hosting the group of executives at Beijing's Great Hall of the People, state broadcaster CCTV showed Xi chuckling as he expounded on what he characterised as the mutual reliance between Beijing and Washington.
Among the attendees was Cristiano Amon, CEO of Qualcomm, a major producer of semiconductors-which are at the forefront of US-China tech rivalry-a photo released by Beijing's foreign ministry showed.
Also in attendance was Stephen Schwarzman, CEO of private equity giant Blackstone.
China's Xi meets US business executives in Beijing
FE Team | Published: March 27, 2024 23:49:07
China's Xi meets US business executives in Beijing
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