Xi Reassures Top U.S. CEOs About China's Economy Amid Growth and Policy Concerns

Chinese President Xi Jinping met with top American CEOs to reassure them about China's economy and business environment. Participants included heads of Blackstone, Bloomberg, FedEx, and Qualcomm.

China's economy is struggling with issues like real estate crisis, high debt, overcapacity, weak consumption and youth unemployment, though it grew 5.2% last year.

Foreign companies are concerned about China's regulatory crackdowns, anti-espionage law, exit bans, and other measures amid a national security drive.

Apple CEO Tim Cook visited China, emphasizing Apple's commitment despite shifting some production abroad. iPhones face competition from cheaper Chinese brands.

China is easing some investment rules and welcoming foreign investors, but businesses want to see full implementation of promised reforms.