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4w ago

Xi Jinping Courts Global CEOs as U.S.-China Trade Tensions Intensify

The Chinese leader emphasizes investment opportunities and multilateralism while President Trump prepares additional tariffs set to be announced on April 2.

Chinese President Xi Jinping attends an event at the Great Hall of the People in Beijing on Friday, March 28, 2025. (AP Photo/Ng Han Guan)
Cars wait to be loaded onto the Eco Napoli at the port in Yantai, in China's eastern Shandong province, on March 26, 2025.
Chinese President Xi Jinping, third left, and Foreign Minister Wang Yi, fourth left, meet an international business representatives during an event at the Great Hall of the People in Beijing on Friday, March 28, 2025. (AP Photo/Ng Han Guan)

Overview

  • Xi Jinping hosted over 40 international business executives in Beijing, urging them to invest in China and highlighting the country's stability and openness.
  • The Chinese president criticized protectionism and emphasized the importance of multilateralism and global supply chain stability in addressing global economic challenges.
  • China has seen a significant decline in foreign direct investment and economic growth, prompting efforts to reassure global investors and attract foreign capital.
  • President Trump has raised tariffs on Chinese imports by 20% since January and plans to announce additional reciprocal tariffs on April 2, escalating trade tensions.
  • U.S. Senator Steve Daines recently met with Chinese Premier Li Qiang to discuss trade issues, signaling a potential opening for a Trump-Xi summit.