Overview
- Xi Jinping hosted CEOs from major firms like BMW, Siemens, and Mercedes-Benz in Beijing to promote investment opportunities in China.
- The Chinese president highlighted the role of foreign companies in China's modernization and assured them of their rights and market access.
- China's outreach comes as foreign direct investment hit its lowest levels since 2008, with many companies diversifying operations outside the country.
- Amid U.S. tariffs targeting Chinese goods and European automakers, China is seeking closer economic ties with Europe to fill the gap.
- Xi called for global cooperation to ensure supply chain stability, warning against measures that could disrupt international trade.