China Reassures Global CEOs Amid Economic Slowdown and U.S. Tariffs:

Vice Premier He Lifeng met with top executives from leading multinational companies including Apple, Pfizer, Mastercard, Cargill, Eli Lilly, Medtronic, and Corning. The move signals China’s intent to assure global investors of its economic strength and investment potential despite growing geopolitical tensions and a slowing domestic economy.

The meetings took place as foreign CEOs gathered in Beijing for a major business forum, with some expected to meet President Xi Jinping later in the week, according to sources cited by Reuters.

China Pledges a Supportive Environment for Multinational Businesses

In his address to the business leaders, He Lifeng described China’s economy as "highly resilient" and "full of vitality." He committed to enhancing the local business environment and encouraged continued foreign investment.

The Ministry of Commerce released a statement emphasizing Beijing’s openness to deeper supply-chain partnerships, with special mention of Apple. Ren Hongbin, chairman of the China Council for the Promotion of International Trade, welcomed Apple CEO Tim Cook’s presence and expressed hopes for increased cooperation.

Policy Push Amid U.S. Tariffs and Slowing Growth

The meetings come amid heightened concerns over U.S.-China trade relations. Since the Trump administration imposed 20% tariffs on all Chinese goods, tensions have remained elevated, with issues like fentanyl exports adding to the strain.

China is attempting to stimulate its economy through increased domestic consumption and supportive macroeconomic policies. At the China Development Forum, Premier Li Qiang urged global markets to stay open and reiterated the government’s commitment to more proactive economic policies.

U.S. Delegation Meets Chinese Leadership

U.S. Senator Steve Daines, aligned with Donald Trump’s trade policies, also met with Premier Li Qiang on Sunday. He was joined by executives from major U.S. companies, using the opportunity to voice concerns about the business climate in China.

State broadcaster CCTV reported that 86 company representatives from 21 countries attended this year’s forum, with U.S. firms forming the largest contingent. However, the number of American CEOs present was reportedly lower than in 2024.

Foreign Firms Express Optimism on China’s Market Prospects

Despite trade frictions, some foreign CEOs expressed long-term confidence in China's market. Corning CEO Wendell Weeks stated the company would continue its long-standing investments in China. Similarly, Amway’s CEO Michael Nelson acknowledged challenges but confirmed a forward-looking approach to their business strategy in China.