Chinese leader Xi Jinping pledged that his nation would do right by foreign investors, underscoring his government’s attempts to assuage worries about the economy and unpredictable policymaking. Know more:
In this photo released by Xinhua News Agency, New Zealand Prime Minister Chris Hipkins, left, shakes hands with Chinese President Xi Jinping before their meeting at the Great Hall of the People in Beijing on Tuesday, June 27, 2023.Chinese leader Xi Jinping pledged that his nation would do right by foreign investors, underscoring his government’s attempts to assuage worries about the economy and unpredictable policymaking.
Local officials in China need foreign investment because their coffers have been depleted by years of pandemic spending and a tumultuous property market. They’ve struggled to attract funds, as investors remain cautious about the economy and the prospect of unexpected policy shifts. China’s attempts to encourage foreign investors have ramped up in recent weeks. At a “Summer Davos” dialog in Tianjin on Tuesday, Chinese Premier Li Qiang told 120 entrepreneurs from around the world that his nation was willing to work with them, Xinhua reported. He also delivered a speech at the economic forum warning that attempts by governments to politicize their economies would only fragment the world.
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