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China’s vice premier reassures Apple, Pfizer and other CEOs of business opportunities, calls for open markets to counter global uncertainty
US Senator Steve Daines (2nd R) leads a delegation of US business leaders (from left) Boeing Global Senior VP Brendan Nelson, Pfizer CEO Albert Bourla, Cargill CEO Brian Sikes, UL Solutions CEO Jennifer Scanlon, Medtronic CEO Geoffrey Martha, Qualcomm CEO Cristiano Amon and FedEx CEO Raj Subramaniam during a meeting with Chinese Premier Li Qiang at right in the Fujian Room at the Great Hall of the People in Beijing on March 23, 2025. — Ng Han Guan/Pool/AFP pic

BEIJING, March 24 — China’s Vice Premier He Lifeng sought to reassure foreign corporate chiefs of the country’s business potential when he met with the heads of Apple , Pfizer, Mastercard, Cargill and others yesterday.

He also met with pharmaceutical firm Eli Lilly, medical device company Medtronic and investment management firm Conning, a commerce ministry statement said.

"China will continue to improve the business environment and welcome more investment by multinational companies in China, sharing opportunities for development,” He told the business leaders, describing China’s economy as "highly resilient” and "full of vitality”.

The statement did not specify where they met. Many foreign CEOs are in Beijing to attend a business forum yesterday and today, with some expected to meet President Xi Jinping on Friday, sources have told Reuters.

Beijing is keen to woo foreign investment amid heightened geopolitical tensions, as policymakers try to boost domestic consumption to offset fresh US tariff headwinds.

At the China Development Forum, Chinese Premier Li Qiang yesterday urged countries to open their markets to combat "rising instability and uncertainty”, and promised more active macroeconomic policies.

US Republican Senator Steve Daines, a staunch supporter of President Donald Trump, met Li on Sunday with seven senior executives from US companies.

However, a source said fewer American CEOs are attending the forum compared with last year.

Some 86 company representatives from 21 countries came to the forum this year, with American firms making up the largest group of attendees, state broadcaster CCTV said. — Reuters

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