China's Xi meets U.S. executives as businesses navigate bilateral tensions
cnbc.comBEIJING — U.S. business leaders met with Chinese President Xi Jinping on Wednesday, the latest of Beijing's efforts to bolster foreign investment in China amid tensions with the U.S.
Blackstone founder Stephen Schwarzman, Qualcomm President and CEO Cristiano Amon, Bloomberg Chair Mark Carney and FedEx President Rajesh Subramaniam were among the attendees, according to state media.
The companies did not immediately respond to CNBC's requests for comment.
Earlier reports described the meetings as a follow-up to Xi's dinner with U.S. business executives in San Francisco in November following the Chinese president's meeting with President Joe Biden.
The executives and others from major international companies were in Beijing this week for the annual China Development Forum (CDF), which took place Sunday to Monday.
Top executives of multinational companies typically attend the state-organized forum, which is billed as the «first major state-level international conference» after China's annual parliamentary meetings in early March.
The forum this year coincided with other efforts to attract foreign business. Chinese authorities hosted an «Invest in China Summit» and formally eased once-stringent data export requirements.
The Cyberspace Administration of China late Friday formally released long-awaited new rules that eliminate government oversight of overseas information sharing if regulators haven't categorized it as «important data.» Those rules were effective immediately.
«This is a significant step forward in terms of transparency and our member companies now have much more clarity as they look to comply with these rules,» Sean Stein, chair of the American Chamber of Commerce in China, said in a statement.
«Notably, these
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