Bloomberg’s New Economy: Is Xi Jinping China’s Newest Reformer?

Bloomberg’s New Economy: Is Xi Jinping China’s Newest Reformer?

This weekend, China is hosting a conference for international executives, where Beijing’s leadership plans to showcase commitments to market access and express a strong desire for foreign companies to participate in the local economy. These anticipated promises of bold reform and increased openness reflect a growing concern about the “sell China” narrative, which suggests that foreign businesses are leaving the country.

As CEOs like Tim Cook from Apple Inc. and Albert Bourla from Pfizer Inc. prepare to attend the China Development Forum, Xinhua, the state-run wire service, has been highlighting President Xi Jinping’s track record of reforms dating back to his youth. Xi may even personally advocate for reform to foreign business leaders during a meeting on Wednesday, following up on his dinner with executives in San Francisco last November.

The conference aims to promote international investment and collaboration in China, emphasizing the country’s commitment to reform and opening up its markets for foreign companies. By discussing these important issues with key business leaders, Chinese officials hope to strengthen partnerships and investments in the domestic economy.

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