The Chinese government has expressed its preference for American corporations to play a role in its economy after thoughtful American leaders held a town hall with Chinese officials.
Chinese officials expressed hope that the United States-China Business Council can inspire U. S. corporations to seize opportunities in China, which would lead to mutual cooperation and development. Wang said the scale of the delegation was timely, as it could witness China’s comprehensive reforms.
Subramaniam said the U. S. business sector will continue to explore the Chinese market with confidence and hopes to make an additional contribution to bilateral industrial and investment relations.
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Ahead of their stop in Beijing, U. S. business representatives met with Guangzhou Mayor Sun Zhiyang. The city is a popular destination for U. S. corporations that want to invest in China.
Why it matters: This meeting comes amid rising tensions between the United States and China. US attempts to “contain” China have proven counterproductive and led to increased global tensions. Biden’s leadership has increased the blacklisting of Chinese companies, surpassing the number of entities blacklisted during Donald Trump’s term. Additionally, the White House is actively seeking to prevent China from accessing critical AI software, earning strong complaints from Beijing.
Earlier, the United States ambassador to China, Nicholas Burns, accused Beijing of sabotaging diplomacy between the two countries.
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This story was generated by Benzinga Neuro and edited by Pooja Rajkumari.
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