China’s President Xi Jinping recently met with American business leaders in Beijing, aiming to attract foreign investors back to the country amidst a decline in investment. This meeting comes as China seeks to address concerns raised by international firms regarding new regulations.

President Xi emphasized the historical friendly exchanges between China and the United States and called for seeking common ground and building consensus. This meeting is part of the gradual resumption of engagements between the two countries after tensions over trade policies, Taiwan, and territorial disputes in the South China Sea.

Approximately 20 firms were invited to participate, including prominent figures such as Stephen Schwarzman from Blackstone, Raj Subramaniam from FedEx, and Cristiano Amon from Qualcomm. However, details of the discussions at the meeting have not been disclosed.

The meeting was organized by the National Committee on U.S.-China Relations, the U.S.-China Business Council, and the Asia Society think tank. It took place in the East Hall of the Great Hall of the People, highlighting its significance.

This meeting follows concerns raised during the China Development Forum when Chinese Premier Li Qiang did not meet with visiting foreign CEOs, raising questions about transparency in China’s economy. The opportunity to engage with top Chinese leaders has been a crucial aspect of such summits in the past.

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