from Daily Sabah
Chinese President Xi Jinping convened with American business leaders at the Great Hall of the People in Beijing on Wednesday, as part of the government's efforts to attract foreign investors and assuage concerns among international companies regarding the effects of new regulatory changes.
Beijing wants to boost the growth of the world's second-largest economy after foreign direct investment shrank 8% in 2023 amid heightened investor concern over an anti-espionage law, exit bans and raids on consultancies and due diligence firms...
Stephen Schwarzman, co-founder and CEO of private equity firm Blackstone, Raj Subramaniam, head of American delivery giant FedEx, and Cristiano Amon, the boss of chips manufacturer Qualcomm were part of the around 20-strong all-male U.S. contingent.
The audience with Xi – organized by the National Committee on U.S.-China Relations, the U.S.-China Business Council, and the Asia Society think tank – lasted around 90 minutes, according to a person with direct knowledge of the matter...
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