The flags of China and the United States are seen printed on paper in this illustration taken on January 27, 2022.
Dado Ruvic | Reuters
BEIJING – Chinese President Xi Jinping met world leaders on Friday and pleaded to invest in the country, because Beijing focuses on the holding of companies in the midst of trade with the United States
He said multinational companies had a great responsibility to “maintain world order” and that they had to work hand in hand with China.
He stressed that China was a safe and stable place for foreign companies. “Investing in China is investing tomorrow,” he said in Mandarin translated by CNBC.
Echoing recent political plans, XI said that China would provide fair opportunities for foreign companies to participate in government supply offers.
More than 40 people, mainly foreign leaders and business officials, attended the round table with XI, notably Ray Dalio by Bridgewater Associates, the CEO of Standard Charterd Bill Winters and the CEO of the Blackstone Steve Schwartzman group.
US President Donald Trump has increased 20% prices on China since January for his alleged role in the American fentanyl crisis and threatened a band of new prices on the main business partners in early April. Trump this week said he could reduce China’s prices to help conclude an agreement that requires Beijing by Tiktok’s US by Newstok.
The United States this week has also added dozens of Chinese technological companies to its black export listThe first restrictions of this type under the Trump administration.
China has increased its trade with the countries of Southeast Asia and the European Union, but the United States remains the largest trading partner in Beijing in one country.
XI said that American-Chinese trade tensions should be resolved through negotiations. “We have to work for the stability of world supply chains,” he added, noting that there was no way under decoupling.
The member of the Permanent Committee of Politburo, Cai Qi, the first Chinese diplomat Wang Yi and the Deputy Prime Minister, He Lifeng, also attended the meeting with the heads of the Chinese economic planning agency, the Ministry of Finance and the Ministry of Commerce.
In a sign of the way Beijing seeks to compensate for trade pressures, rather than riding with force, China has courted the leaders of large American companies at an annual conference supported by the State which took place from Sunday to Monday. Apple CEO Tim Cook was one of the executives who attended, while Tesla CEO Elon Musk was visible by his absence.
Also on Sunday, American Republican Senator Steve Daines met Chinese Prime Minister Li Qiang in Beijing – the first time an American politician visited China since Trump began his last term in January.
“It was the first step towards an important step, which will be a meeting between President XI and President Trump.” Daines said to Wall Street Journal. “When this happens and where it happens, it is being determined.”
The White House did not respond to the request for CNBC comments.
Li urged cooperation and said No one can win a trade war, According to the state media.
The main leaders of large companies, including Fedex, Pfizer, Cargill, Qualcomm and Boeing, as well as the President of the American-China, Sean Stein Affairs Council, were also present at the Daines meeting with Li, according to a report of foreign media pool.
