In a significant diplomatic and economic move, China's President Xi Jinping met with top executives from the U.S., including CEOs from major corporations such as Apple, Blackstone, and Qualcomm, amid rising geopolitical tensions and economic uncertainties. The meetings, held in Beijing, aimed to reassure U.S. businesses about China's economic prospects and encourage further investment, despite the challenges posed by the current geopolitical climate and China's economic downturn. This initiative represents a frank acknowledgment by China of the concerns surrounding its economy and the impact of geopolitical tensions on its business relations with the U.S. The gathering of U.S. business leaders, including strategic and academic representatives, was part of China's broader effort to mend ties frayed by trade tensions and to showcase its openness to foreign businesses. However, the backdrop of a shaky economic recovery and recent raids on consulting firms have tempered investor enthusiasm. Xi's pitch to the U.S. CEOs, emphasizing that China's economy has not peaked and encouraging investment, underscores the importance China places on maintaining and strengthening its economic ties with the U.S. Notably, Apple's Tim Cook was not mentioned among the invited CEOs, sparking speculation about his absence.
Xi Says US CEOs Should Invest in China, Economy Hasn’t Peaked - BBG https://t.co/tLzxDgv3z4
In Meet With US Executives, Xi Jinping Pitches 'China's Peak Theory' https://t.co/EBy3XomZPu https://t.co/8zBAC6NEpD
China's Xi Meets With US CEOs, Including Blackstone's Schwarzman, In Bid To Restore Confidence https://t.co/G4GqBzcDTm
Blackstone, Qualcomm CEOs Meet Xi Jinping In Beijing Amid US-China Trade Tensions https://t.co/R4CcQy2zPU https://t.co/QzWkMJgniF
Just as CEOs wrap a trip to visit Xi in which he called on US companies to invest in China: "American companies are seeing their China business diminish amid geopolitical tensions and the country’s weak economy" https://t.co/pWxsFWaXC9 via @WSJ
#XiJinping meets US company CEOs in #Beijing: #Apple's Tim Cook not invited? Who was present? https://t.co/A0QcQnyvJX
"China is trying to show it welcomes foreign businesses, but whipsawing tensions with Washington, a shaky economic recovery and raids on consulting firms have damped investor enthusiasm." https://t.co/y0c8TEn9Jt via @bpolitics
China’s president Xi meets US bosses amid moves to mend ties frayed by trade tensions – business live https://t.co/6BrCzU9G3B
Chinese President #XiJinping took a photo with representatives from American business, strategic and academic communities before their meeting at the Great Hall of the People in Beijing on Wednesday. https://t.co/rlXMvrjEOG
🇨🇳🇺🇸Xi Jinping met with representatives of the U.S. business community and strategic academic circles in Beijing on Wednesday morning.-CCTV
American companies are seeing their China business diminish amid geopolitical tensions and the country’s weak economy https://t.co/sW6UzhxGs2
Morning Bid: China profits eyed as Xi meets US biz chiefs https://t.co/ScIHQMWziW https://t.co/HoMxYdyEej
Tech titans may meet China President Xi Jinping amid tit-for-tat https://t.co/vrBRSxVa6Z
US executives in Beijing are rejigging their schedules after receiving an invite to a meeting tomorrow with a top Chinese leader, widely expected to be Xi https://t.co/7NL9Elsyde
China has been pitching American and other Western corporate executives on the country’s prospects in a franker-than-usual recognition of mounting concerns around its economy https://t.co/PhhcLtm8Vi https://t.co/PhhcLtm8Vi
China woos CEOs of Apple, chipmakers, pharma giants as geopolitical tensions mount: "The risk-reward has changed." https://t.co/wYCPn3yyGu