Xi Jinping's Call for Trust in China's Economic Promise

Chinese President Xi Jinping addressed global business leaders to reinforce confidence in China's economic potential despite challenges like a property bust and trade tensions with the US. Xi emphasized China's enduring status as a promising investment destination, promising further economic openness and initiatives to stimulate growth.

In a crucial address to influential global business leaders, Chinese President Xi Jinping emphasized the importance of trusting in China's economic resilience and potential. Speaking to executives like Akio Toyoda of Toyota and Lee Jae-yong of Samsung Electronics, Xi sought to mend foreign investors' confidence in China's market.

China, despite challenges including a significant property sector downturn and an ongoing trade war with the United States, remains a substantial exporter and boasts a vast domestic market of 1.4 billion people. Xi pointed to China’s commitment to maintain a welcoming environment for international investors, stressing that economic policies will continue encouraging foreign participation.

While facing hurdles like regulatory crackdowns and the lingering impact of Covid-19, Xi underscored recent government initiatives aimed at economic stimulation, including rebates for consumer trade-ins and support for the housing market. By reinforcing confidence in stable trade relations, Xi aims to project China as a beacon of investment opportunities for the global business community.

(With inputs from agencies.)