China Vice President Vows More Openness to Foreign Firms Amid Efforts to Restore Economic Confidence

• China's Vice President Han Zheng pledged to provide more opportunities for foreign companies operating in China • This is part of China's efforts to restore confidence in its economy and continue opening up industries to foreign investment • Han spoke at an American Chamber of Commerce event, signaling China is serious about addressing foreign companies' concerns • The U.S. and China have had high-level meetings recently to manage differences on issues like trade, technology, and Ukraine • U.S. Ambassador Nicholas Burns pushed back against accusations that the U.S. aims to decouple economies, saying the goal is to diversify and address national security risks