Xi Jinping Ramps Up Efforts to Attract Foreign Investment in China
Meeting with global CEOs in Beijing, Xi emphasizes China's commitment to open markets and stable supply chains, countering U.S. tariffs and economic challenges.
- 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.
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