Amid recent tensions with Washington, fragile economic recovery and crackdowns on consulting firms that have deterred some investors, China has shown its openness to foreign businesses by hosting a meeting with a group of American business executives in Beijing. The meeting, held on Wednesday, was attended by representatives of the American business, strategic and academic sectors, according to the official Xinhua news agency. Among the executives present were Stephen Schwarzman of Blackstone and Cristiano Amon of Qualcomm.

China’s state broadcaster CCTV named several executives who attended the meeting and reported that Xi Jinping took a group photo with participants before the event. The meeting provided an opportunity for global executives to reaffirm their interest in doing business in the vast Chinese market, despite escalating geopolitical tensions and efforts in China to promote local competitors.

Through these interactions, China aims to strengthen economic ties with the US and restore confidence in its market among international investors. The meeting allowed both sides to engage in dialogue and explore ways to cooperate for mutual benefit. As such, the Chinese government is taking steps to promote local businesses while also opening up opportunities for foreign companies to operate within its borders.

By Samantha Johnson

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