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Xi Jinping Engages with U.S. Business Leaders Amid Economic Challenges

In a series of meetings with American CEOs, China's President Xi Jinping seeks to bolster U.S.-China relations while addressing economic and geopolitical concerns.

Chinese President Xi Jinping meets with representatives from American business, strategic and academic communities at the Great Hall of the People in Beijing, capital of China, March 27, 2024. (Photo by Shen Hong/Xinhua via Getty Images)
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Overview

  • American business executives praised Chinese President Xi Jinping's leadership and vision during a meeting in Beijing, emphasizing the importance of U.S.-China relations.
  • Xi Jinping presented an optimistic view of China's economy to U.S. business leaders, despite the country facing its biggest economic contraction in 15 years.
  • Xi addressed U.S. concerns, offering 'tough answers' on issues ranging from the economy to Taiwan, and stressed the importance of avoiding the Thucydides Trap.
  • U.S. CEOs express continued interest in doing business in China, despite geopolitical tensions and economic challenges.
  • Analysts warn of the potential risks for U.S. companies in China, as Xi Jinping seeks to balance courting U.S. investment with pursuing global ambitions.