Xi Jinping Seeks to Reassure Foreign Firms Amid Trade Tensions

During a recent meeting, President Xi Jinping addressed multinational CEOs, highlighting the importance of protecting global industry and supply chains amidst economic uncertainties and potential U.S. tariffs. Xi emphasized cooperation, the significance of foreign companies in China's economy, and the mutual benefits of China-U.S. trade relations.

China's President Xi Jinping convened multinational business leaders to discuss the pivotal role of global industry and supply chains amid looming U.S. tariffs. This diplomatic effort seeks to ease foreign firms' concerns about China's economic stability.

Xi addressed top executives from AstraZeneca, FedEx, and Toyota, emphasizing the need for collective action to ensure economic prosperity. The gathering included 40 executives, with many from the pharmaceutical sector, symbolizing the growing importance of business diplomacy.

Amid fears of renewed trade tensions, Xi reiterated the mutual benefits of China-U.S. trade relations, calling for ongoing cooperation. The meeting follows a significant decline in foreign direct investment, urging both dialogue and practical measures to ensure economic stability.

(With inputs from agencies.)