China's Economic Resilience: Boosting Foreign Confidence Amid Global Challenges

Vice Premier He Lifeng reassured foreign CEOs about China's economic resilience amid U.S. tariffs and domestic pressures. Despite banks' cautious optimism, China's official 2025 growth target remains unmet. The China Development Forum showcases multinational interest and Beijing's commitment to open markets and foreign investment, with notable global firms expressing confidence.

China's economic landscape gained attention as Vice Premier He Lifeng assured foreign CEOs of the country's robust business potential, despite the hurdles posed by U.S. tariffs and internal challenges. The economic chief emphasized the nation's resilience and growth prospects during meetings with prominent companies, including Apple and Pfizer.

Global investment banks have cautiously revised their 2025 economic outlook for China upward, acknowledging recent policy initiatives. However, these projections still lag behind China's official goal, prompting Beijing to bolster foreign investment inflows to stimulate domestic demand.

The China Development Forum serves as a platform for multinational executives to discuss opportunities and challenges. Chinese officials, including Premier Li Qiang, advocated for open markets to counter global instability, while firms like Schneider Electric and Cargill underlined their long-term commitment to China's evolving market landscape.

(With inputs from agencies.)