Posted 3/27/2024, 4:16:13 AM
Xi Woos U.S. Companies Despite Investment Drop Amid Tensions
- Xi Jinping met with American business leaders in Beijing to attract foreign investment to China's economy.
- The meeting was highly choreographed to send the message that China welcomes foreign companies.
- Foreign investment in China fell 8% last year due to geopolitical tensions and a tougher business environment.
- Some companies like Apple want to increase investment, but others like the IMF urge more market reforms.
- This year's forum had better attendance than 2022 when tensions around China's pandemic curbs and the spy balloon caused controversy.