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XI to meet the best CEOs while Beijing's eyes have strengthened links with foreign companies

XI to meet the best CEOs while Beijing's eyes have strengthened links with foreign companies

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The world leaders of German car manufacturers BMW and Mercedes, as well as the Qualcomm flea giant are among foreign business leaders due to the meeting of Chinese president Xi Jinping today, sources announced yesterday.

Reunion in Beijing intervenes while the Chinese authorities seek to strengthen links with foreign companies in the midst of a drop in investment and in front of American prices targeting the second world economy.

The meeting follows the Chinese development forum of last weekend, a flagship commercial event that this year saw Prime Minister Li Qiang invites countries to open their markets and fight “increasing instability and uncertainty”.

Apple leaders, Pfizer, Mastercard, Cargill and others met officials from the Chinese Ministry of Commerce during the forum.

The frequency of meetings between foreign leaders and high -level Chinese authorities acquired during the last month after official data showed that foreign direct investments dropped from 27.1% in annual sliding in local currency in 2024.

This has marked the greatest drop in FDI since the 2008 global financial crisis.

Global companies have distant the manufacture of China in order to diversify their supply chains and have derived their operations from growing geopolitical tensions. The economy of the slowdown in China has also played a role in the drop in investment, while a radical repression against consulting and reasonable diligence firms has shaken certain foreign executives.

China remains one of the largest markets for German car manufacturers, including BMW, Mercedes and Volkswagen, despite the leakage of Tesla and Chinese rivals, notably Byd and Xiaomi.

This can become even more important after Trump's announcement of a new price of 25% on cars imported into the United States due to the entry into force on April 3.

Meanwhile, China and France will hold three high -level dialogues on strategic, economic, financial and cultural issues this year, said the Minister of Foreign Affairs, Wang Yi

A “constructive” meeting with his French counterpart Jean-Noel Barrot in Beijing yesterday.

Wang said the two countries were also going to use the consultation mechanism between foreign ministries for in -depth communication on common issues.

The two parties agreed to deepen cooperation in agriculture, nuclear energy, aviation and aerospace, while exploring innovative industries such as artificial intelligence, digital economy, intelligent connected vehicles, green hydrogen and bioprote.

“We will also encourage Chinese companies more competent and willing to invest and do business in France,” said Wang.

The two ministers also congratulated the joint efforts of their country to meet the climatic challenges.

“China is resolved in its commitment to advance international climate governance and to take up climatic challenges,” said Wang.

Barrot is in China during a two -day visit that ends today.

Reuters

Sources

1/ https://Google.com/

2/ https://www.thestandard.com.hk/section-news/section/6/271340/Xi-to-meet-with-top-CEOs-as-Beijing-eyes-strengthened-ties-with-foreign-firms

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