China is working to reassure top U.S. corporate leaders about its strong business potential amid ongoing geopolitical tensions and a slowing domestic economy.
On Sunday, Vice Premier He Lifeng met with executives from major companies including Apple, Pfizer, Mastercard, and Cargill, as well as leaders from Eli Lilly, Medtronic, and Corning, according to a statement from the Ministry of Commerce.
In his discussions, He emphasized that China is committed to enhancing its business environment and welcoming greater foreign investment. “China will continue to improve the business environment and welcome more investment by multinational companies in China, sharing opportunities for development,” he said, describing the nation’s economy as “highly resilient” and “full of vitality.”
The meetings come as Beijing seeks to boost domestic consumption and counterbalance the effects of U.S. tariffs imposed amid escalating tensions. Many foreign CEOs are in Beijing for a business forum on Sunday and Monday, with some expected to meet President Xi Jinping later this week.
In a further bid to attract investment, the China Council for the Promotion of International Trade extended an invitation to Apple CEO Tim Cook to discuss deepening supply-chain cooperation. This initiative is part of broader efforts to mitigate the impact of a 20% tariff imposed by the Trump administration, which has strained relations and raised concerns over issues ranging from trade practices to illicit drug flows.
At the recent China Development Forum, Premier Li Qiang called on nations to open their markets to help combat “rising instability and uncertainty,” promising more active macroeconomic policies to support growth. U.S. Senator Steve Daines also met with Li, alongside senior executives from U.S. companies, to share their views on the business climate in China.
Despite the challenges posed by U.S. tariffs, some CEOs remain optimistic about China’s long-term prospects. “Definitely, we have confidence for China's development. We have been invested consistently for decades in China, and we will continue for decades to come,” Corning CEO Wendell Weeks told Global Times. Similarly, executives from American direct-selling firm Amway, while monitoring the tariff impacts, stressed their focus on the future of the Chinese market.
As China continues its efforts to attract foreign capital and bolster economic growth, these high-level engagements underscore the nation’s strategy to present itself as a stable and promising destination for global business investment.
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