China Seeks US Investment Despite Trump’s 20% Tariffs

Vice Premier of China, He Lifeng, met business executives at Apple Pfizer and Mastercard on Sunday to discuss trade solutions with the US. As Beijing seeks outside business during its economic slump it brings leaders from Eli Lilly, Medtronic Cargill and Corning together with government officials for discussions. 

As reported to business leaders at the event, He stated that China plans to enhance its business conditions so multinational companies can invest more. The China Council for Promotion of International Trade showed a brand-new interest in building supply chains together with Apple.

This year saw fewer US corporate leaders attend the China Development Forum even though American companies formed the biggest participant group. The CEO of Corning Wendell Weeks kept a positive outlook when he said “We support China’s growth plans since we made long-term investments there for decades and will stay committed going forward.” 

The Chinese Premier, Li Qiang, told global leaders at the forum to unlock their markets through macroeconomic changes to handle economic uncertainty and instability.