Posted 3/30/2024, 1:34:41 AM
Chinese Economy Shows Resilience; Xi Meets Global CEOs, EV and Tech Firms Thrive Despite US Tensions
- Global CEOs met with Chinese president Xi and other officials in Beijing to discuss business opportunities.
- Xiaomi launched a new electric vehicle model that received 50,000 orders in the first half hour.
- Huawei reported a 65% increase in 2023 net profit despite US sanctions.
- A Shanghai IPO application by agriculture giant Syngenta was pulled, possibly due to regulators limiting IPOs.
- Chinese and US officials and companies met in NYC, signaling strengthened economic ties between the countries.