China Woos Global Investors Amid Economic Resilience Claims

China's Vice Premier He Lifeng reassured foreign CEOs of the country's economic resilience, aiming to stabilize foreign investment. Global investment banks increased their 2025 forecasts, though still lower than China's official target. The China Development Forum facilitated discussions between foreign business leaders and Chinese officials to bolster future collaborations.

China's Vice Premier He Lifeng has made a concerted effort to assuage the concerns of foreign CEOs regarding the country's economic potential, extolling its resilience and growth capacity. He met with high-profile figures from companies including Apple, Pfizer, and Mastercard, discussing China's strategic initiatives to boost foreign investment.

The Vice Premier's overture coincides with global investment banks cautiously revising their 2025 economic forecasts for China, raising them by 50 basis points. However, these projections still fall short of the Chinese government's ambitious 5% growth target, as the country grapples with U.S. tariffs and domestic deflationary concerns.

At the ongoing China Development Forum, dialogues have been centered around enhancing the business climate for multinational enterprises. Meanwhile, China's commitment to improving macroeconomic policies aims to address global market uncertainties, a stance supported by American executives present at the forum.

(With inputs from agencies.)