Overview

• Xi Jinping met with CEOs from BMW, Siemens, Mercedes-Benz, Samsung, and others in Beijing, advocating for greater investment in China.
• The Chinese leader described foreign companies as vital to the country's modernization, calling investment in China an investment in the future.
• Foreign direct investment in China has dropped to its lowest levels since 2008, prompting efforts to rebuild trust and attract global businesses.
• German automakers are forming partnerships with Chinese tech firms like Alibaba to address rising local competition and weak domestic demand.
• EU Trade Commissioner Maros Sefcovic is in Beijing discussing trade deficits and market access challenges faced by European companies.