CEOs had travelled to attend the China Development Forum, Beijing’s flagship annual business conference
China’s President Xi Jinping met US chief executives including Chubb’s Evan Greenberg and Qualcomm’s Cristiano Amon on Wednesday as American business leaders sought to mend ties frayed by geopolitical and trade tensions between the world’s two largest economies.
It also said Blackstone’s founder joined the gathering without naming him. Blackstone’s Stephen Schwarzman is in Beijing visiting officials.58,000 new homes required each year until 2027 to meet demand US-China relations have partly stabilised since Mr Xi and US President Joe Biden held bilateral talks on the sidelines of the Apec forum.
Last week, ahead of the CDF, China announced clarifications to new data laws in a move welcomed by businesses anxious about cross-border data transfers. But there were more bilateral meetings with ministers at the CDF and conversations were more direct compared with last year, attendees said.
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