Story perspectives

China's Vice Premier Promises Open Market to Global CEOs

3/24/2025

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Summary

Story summary

China's Vice Premier He Lifeng reassured foreign CEOs of ongoing market openness and investment attraction.
Global executives from companies like Apple and Pfizer participated, addressing U.S. tariffs and economic challenges.
Premier Li Qiang called for global cooperation and opposition to protectionism to foster globalization.
Investment banks have cautiously increased China's 2025 growth forecasts, recognizing recent supportive policies.

History

Historical Context

China's commitment to foreign investment and market openness reflects a long-standing trend that began with Deng Xiaoping's reforms in the late 1970s. Since then, China has evolved into a leading destination for foreign direct investment, peaking after its 2001 WTO entry. Recent calls for global cooperation echo past efforts to counter protectionism, highlighting China's dual focus on attracting investment while navigating complex international trade dynamics.

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Story summary

China's Vice Premier He Lifeng reassured foreign CEOs of ongoing market openness and investment attraction.
Global executives from companies like Apple and Pfizer participated, addressing U.S. tariffs and economic challenges.
Premier Li Qiang called for global cooperation and opposition to protectionism to foster globalization.
Investment banks have cautiously increased China's 2025 growth forecasts, recognizing recent supportive policies.

1 / 2