From Yahoo Finance: 2025-03-27 23:28:00

China’s President Xi Jinping reassured multinational CEOs to protect global industry and supply chains amid concerns of a renewed trade war with the U.S. Executives, including those from AstraZeneca and FedEx, met with Xi to discuss challenges facing businesses and industry in China. Foreign direct investment dropped 27.1% in 2024.

Xi emphasized the importance of foreign enterprises in China’s economy, stating they contribute significantly to imports, exports, industrial added value, and tax revenue. He warned against interference in foreign investment due to geopolitical factors and stressed the mutually beneficial nature of China-U.S. economic and trade relations. Trump imposed tariffs on Chinese exports, prompting retaliatory measures.

Meetings between foreign executives and Chinese officials have increased following a significant drop in foreign direct investment. Xi highlighted the impact of foreign enterprises on China’s economy, emphasizing the need for cooperation and stability in global industry and supply chains. The success of these discussions will rely on future actions rather than just words.



Read more at Yahoo Finance: China’s Xi urges global CEOs to protect trade as Trump tariffs loom