>
What Happens If We Don't Change Course: Earth Day 2050?
Port Of Baltimore Partially Reopens, Allowing Trapped Cargo Ships To Exit
"Stand Back and Let It Fall": Jonathan Turley Says Alvin Bragg's Case Against Trump Is
Nearsightedness is at epidemic levels
Blazing bits transmitted 4.5 million times faster than broadband
Scientists Close To Controlling All Genetic Material On Earth
Doodle to reality: World's 1st nuclear fusion-powered electric propulsion drive
Phase-change concrete melts snow and ice without salt or shovels
You Won't Want To Miss THIS During The Total Solar Eclipse (3D Eclipse Timeline And Viewing Tips
China Room Temperature Superconductor Researcher Had Experiments to Refute Critics
5 video games we wanna smell, now that it's kinda possible with GameScent
Unpowered cargo gliders on tow ropes promise 65% cheaper air freight
Wyoming A Finalist For Factory To Build Portable Micro-Nuclear Plants
China's economy is plagued by many problems, including a real estate bust, deflation, debt troubles, demographic winter, foreign investor exodus, supply chain fracturing, deteriorating Sino-US ties, and much more.
In order to restore confidence, China's President Xi Jinping met with more than a dozen American business leaders, including Blackstone Inc.'s Stephen Schwarzman and Qualcomm Inc.'s Cristiano Amon, according to Bloomberg.
A person familiar with the discussions said Xi spoke with the US CEOs for over an hour and a half. The business leaders asked Xi a number of questions, which the Chinese president answered. Bloomberg's source quoted Xi as saying there is no need for a 'decoupling' between Beijing and Washington.
This meeting comes as foreign direct investments in China have tumbled in recent months, regulatory crackdowns continue, and questions swirl around the shape of the economic recovery if that's a "V," "U," or "L."
State media outlet Xinhua noted the meeting was held at the Great Hall of the People in Beijing. Xi and the CEOs, along with Raj Subramaniam, chief executive officer of FedEx Corp., Evan Greenberg, CEO of the insurer Chubb Ltd., Stephen Orlins, president of the National Committee on US-China Relations, Craig Allen, president of the US-China Business Council, and Mark Carney, chairman of Bloomberg Inc., posed for a group photo.
US-China ties have stabilized somewhat since President Biden held bilateral talks on the sidelines of the APEC forum in San Francisco in November. However, tensions have recently risen as Washington contemplates labeling Chinese electric vehicles as a "security risk" to Americans.
Given the structural challenges in China's economy, it's difficult to know whether Xi's move to shore up investor sentiment with American CEOs will work. The best sentiment gauge is watching the benchmark CSI 300 index, trending at lows not seen since 2019.