China’s Xi Jinping meets with US executives
March 27, 2024
Chinese President Xi Jinping met with US business representatives in Beijing on Wednesday.
“On the morning of March 27, President Xi Jinping met with representatives of the US business community… in the Great Hall of the People,” state broadcaster CCTV said, referring to the building that houses China’s legislature.
“Before the meeting started, Xi Jinping took a group photograph with them,” he said.
CCTV said representatives from the academy also attended. It did not say who was at the meeting.
The meeting comes just days after the China Development Forum in Beijing, which was attended by Apple CEO Tim Cook and other senior executives.
“I think China is really opening up and I’m very happy to be here,” Cook told Chinese state broadcaster CGTN last week.
Chinese authorities are seeking to stimulate growth in the world’s second-largest economy, which has faced a crisis in the real estate sector, a rise in youth unemployment and a decline in demand for Chinese exports.
This month, China set an annual GDP target of “around 5%,” significantly lower than the growth rates that fueled the country’s economic rise.
US-China tensions
Economic relations between the US and China have suffered as a result of tensions between the two powers.
The US and its allies have worked to limit China’s access to semiconductors and advanced equipment.
Beijing and Washington have also clashed over the self-governing island of Taiwan and the South China Sea.
US companies in China have increasingly focused on what they describe as an unfair business environment.
Earlier this month, the US House of Representatives overwhelmingly supported a bill that would give ByteDance, TikTok’s Chinese parent company, six months to sell the app’s US assets or see it banned in the country.
Last year, Beijing cracked down on American consulting firms operating in China.
Source: DW
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