Top business leaders in the United States are expected to dine with Chinese President Xi Jinping in San Francisco on Wednesday as he seeks to court American companies and counter his country's recent struggles to entice foreign investment. The dinner on the margins of the Asia-Pacific Economic Cooperation (APEC) forum will follow a day of talks between Xi and U.S. President Joe Biden, aimed at stabilizing fraught ties between the world's two largest economies.
For American businesses, it will be a chance to hear directly from China's leader as they search for ways to navigate China's economic slowdown, a U.S. push to "de-risk" some American supply chains away from China, and uncertainty caused by expanding Chinese security rules
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UOB Downgrades Retail Sales Growth ForecastUOB has downgraded its retail sales growth forecast to 3.0% from 3.5%, citing three downside risks. The weakening external environment, greater-than-anticipated easing in domestic and regional labour market conditions, and a slower-than-expected recovery of inbound Chinese tourists may affect retail sales for the rest of the year.
Source: SBRMagazine - 🏆 13. / 51 Read more »