China invites American business leaders to Beijing, trying to measure Trump

BEIJING – China broke the executives of major American companies at an annual conference this week in a sign of how Beijing is seeking to compensate for trade pressure, rather than retaliation.

China has always sought to attract foreign investment as a way to enhance growth Click on Work interests For capabilities Impact on the White HouseEspecially during the era of the American President Donald Trump. The United States has increased customs tariffs twice in all Chinese goods since January, but Beijing has only announced its duties and restrictions on a handful of American companies.

A conversation on the sidelines of the organized Chinese Development Forum this week was strengthened in Beijing More good position From the official speech this month on how China Ready to fight “any kind of war” with the United States.

Stephen Roche, a senior fellow at the China Paul Tsai Center at Yale Law College, told CNBC, who were not present at the Chinese conference focusing on what can be done to respond to the American tariff.

“The questions that I was getting more (she), why is Trump to do so? What is trying to achieve? Roche said. The event was attended by the event since the early first decade of the twentieth century.

“My answer is an unprecedented period of America’s role in the global economy. We return to the tariff system with which history tells us can be very devastating,” Roche said.

American stocks fluctuated In recent weeks, investors have been trying to assess the economic impact of Trump’s variable plans for definitions on the main American commercial partners. US Federal Reserve Chairman Jerome Powell said last week Definitions can delay the progress in reducing inflation In the United States

At this week’s conference, China was trying to send a “reassurance” message – on how to do so Plans to enhance consumption Scott Kennedy, the first adviser and head of the guardian in Chinese business at the Center for Strategic and International Studies, a research tank based in Washington, DC, a senior advisor and head of Secretary in Washington, DC, a senior advisor and head of the trustee in Chinese business at the Center for Strategic and International Studies, which is a research reservoir based in Washington, DC, based in Washington, DC, a research center based in Washington, DC, a research center headquartered in Washington, DC, is a research center based in Washington, DC.

“If the United States imposes a large tariff in early April,” Kennedy told CNBC. “After that, this may mean that the game has ended. So I think the anxiety level is very high. For this reason, China is trying to present this reassurance message. “

The Trump administration has threatened a set of new customs tariffs on the main commercial partners starting from early April. China has increased its trade with Southeast Asian countries and the European Union, but the United States is still the largest commercial partner in Beijing on the basis of one country.

The Chinese Development Forum ran Sunday and Monday. apple CEO Tim Cook was among the CEO who attended, but the CEO of Tesla El Musk was not.

“The growing optimism this year compared to last year in CDF was just a heart heating,” Ken Griffin, CEO of the hedge fund, said during an official committee in the forum.

“Trump is committed to American companies that have access to a global market,” Griffin said. “The president is ready to use the customs tariff to seek to enforce this global view.”

Also on Sunday, American Republican Steved Steve Denz met with Chinese Prime Minister Lee Qiang In Beijing – the first time that an American politician has visited China since Trump began his last term in January.

“This was the first step for an important next step, which would be a meeting between President Xi and President Trump,” Denz told Wall Street Journal. “When this happens and where it happens is a selection.”

The White House did not immediately respond to a request for comment.

He urged me to cooperate and said No one can win from the trade war, According to government media.

Fedex Raj Subramaniam, First Vice President Bring Bringan Nelson, CEO of Cargill, Brian Sykes, CEO of Medrtony Geoffrey Martha, CEO of Pfizer Albert Bourla, CEO and CEO of Qualcomm Company. Cristiano amon, UL Solutions Jennifer Scanlon, and the Council of China in the United States.

China, the second largest economy in the world, is still an important source of revenue for many multinationals, not to mention a large part of their supply chains.

Despite its efforts to enhance international trade relations, the country has warned against counter -measures on US definitions and has taken increasing steps.

After the United States’ sanctions on the Chinese communications giant Huawei during the first period of Trump as president, Beijing launched a list of unreliable entities restricting foreign business activity with China.

China added that PVH Calvin Klein and a few other American companies to the list after increasing this year’s tariff. On Monday, China also said New measures soon reveal It would give it a legal basis to counter foreign pressure.

Since late September, China has climbed efforts to support the economy. Senior Policy makers confirmed earlier this month stimulation plans and a recent effort Encouraging entrepreneurs in the private sector In the aftermath of Dibsic artificial intelligence.

“This year, you feel a lot of positive momentum that begins in China. So I feel the recovery is ongoing,” Corning CEO, Corning CEO, told CNBC.

However, he struggled with the Chinese economy with the pressure of contraction and Real estate stagnationAnd zinc on the prospects for the regional growth of international companies.

Even Beijing’s batch to support high-tech manufacturing has not yet added 1.1 percentage points to the total growth of the local product in each of the past three years-it is not enough to compensate for 1.7 points of real estate during that period, according to Goldman Sachs estimates.

“We will remain optimistic that the role of technology is important, I think more than ever,” Amon of Qualcomm told CNBC. “I think technology will be part of economic growth.”