Xi Jinping Meets With U.S. Business Leaders Amid Efforts to Boost China's Economy
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Chinese President Xi Jinping met with US business representatives in Beijing on March 27th. Attendees included executives from Apple, academia, and other companies.
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The meeting comes after the China Development Forum where Apple CEO Tim Cook attended and remarked that China is "really opening up".
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China aims to spur economic growth amidst crises in real estate, youth unemployment, and declining exports. The 5% GDP target for 2022 is lower than previous years.
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US-China economic relations have suffered from tensions over technology access, Taiwan, the South China Sea, and perceived unfair business environments.
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The US House passed a bill that could ban TikTok in the US if its parent Chinese company ByteDance does not sell TikTok's US assets within 6 months.
