China’s Xi Jinping meets with top foreign execs to promote investments
Seeking Alpha News (Fri, 28-Mar 3:29 AM)
Chinese President Xi Jinping promoted foreign investments into the country in a meeting with top executives from foreign companies on Friday, amid the pressure of tariffs from U.S. President Donald Trump.
The head of state pledged to improve foreign companies’ access to lucrative government contracts and the Chinese market to boost investor sentiment, while referring to geopolitical challenges – potentially including tariffs – as “distractions.”
He also called for addressing China-US issues through dialog and for companies to work with China to keep up the “global economic order.”
The meeting included more than 40 leaders of companies in finance, technology and manufacturing industries, and aimed to dissuade longstanding concerns around the skewed business landscape for non-Chinese companies in the country.
Chinese President Xi Jinping promoted foreign investments into the country in a meeting with top executives from foreign companies on Friday, amid the pressure of tariffs from U.S. President Donald Trump.
The head of state pledged to improve foreign companies’ access to lucrative government contracts and the Chinese market to boost investor sentiment, while referring to geopolitical challenges – potentially including tariffs – as “distractions.”
He also called for addressing China-US issues through dialog and for companies to work with China to keep up the “global economic order.”
The meeting reportedly included more than 40 leaders of companies in finance, technology and manufacturing industries, and aimed to dissuade longstanding concerns around the skewed business landscape for non-Chinese companies in the country.
In attendance were the heads of AstraZeneca (AZN), FedEx (FDX), Saudi Aramco (ARMCO), BMW (OTC:BMWKY), Pfizer (PFE), Toyota (TM) and Samsung (OTCPK:SSNLF), according to media reports.
China ETFs: (NYSEARCA:KWEB), (NASDAQ:PGJ), (NYSEARCA:FXI), (NYSEARCA:ASHR), (NYSEARCA:CQQQ), (NYSEARCA:GXC), (NASDAQ:MCHI), (NYSEARCA:FLCH), (BATS:CNYA), (NYSEARCA:YINN).
More on China ETFs
- MCHI: If This Is A 'Mean Reversion', I'm Choosing Chinese Equities
- QQQ Vs. KWEB: China's Lead Over The U.S. May Be Temporary
- FXI: China's Technology And Banking Sectors Diverge
- Asia markets mixed after Wall St decline on U.S. tariff concerns; eyes on key PCE inflation data
- Alibaba leads China's 'Terrific 10' to rival the Magnificent Seven: report