Xi Courts US CEOs Amid China’s Economic Pains, Foreign Capital Flight

Beijing is attempting to woo back foreign investors at the same time it is pushing more central control.

(L–R) Evan Greenberg, chairman of National Committee on U.S.–China Relations, Graham Allison, founding dean of Harvard's John F. Kennedy School of Government, Wendell Weeks, Corning's CEO, in Beijing, China, on March 27, 2024. CCTV Via Reuters/Screenshot via The Epoch Times

China’s communist leader Xi Jinping is courting U.S. business leaders in Beijing—the regime’s latest effort to woo back foreign investors amid waning confidence about the world’s second-largest economy.

At a meeting hall on the western edge of Tiananmen Square, Xi met with about 20 U.S. executives and academics, and urged businesses to continue investing in China while insisting that its economy hasn’t peaked.