Chinese Secretary General Xi Jinping has called on the heads of major companies to cooperate to maintain global order, especially in the face of growing trade tensions with the United States. At a meeting with representatives of the business elite, he stressed the importance of investing in China, calling the country a safe and stable place for international business and stating that investing in its economy is a contribution to the future. The Chinese leader assured that foreign companies will be given equal access to participate in public procurement. The business meeting, where prospects for cooperation were discussed, was attended by more than 40 people, including foreign executives and major businessmen. Among the participants were Ray Dalio (Bridgewater Associates), Bill Winters (Standard Chartered) and Steve Schwarzman (Blackstone Group). Since the beginning of the year, Donald Trump has increased tariffs on Chinese goods to 20%, citing China's role in the fentanyl crisis, and allowed new duties. He also suggested easing tariffs if the Chinese company ByteDance sells the TikTok division in the United States. In addition, Washington has blacklisted dozens of Chinese technology companies, which has increased tensions between the two countries.
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