China’s President Xi Jinping met US chief executives including Chubb’s Evan Greenberg and Qualcomm’s Cristiano Amon on Wednesday as American business leaders sought to mend ties frayed by geopolitical and trade tensions between the world’s two largest economies.
The gathering comes as concern is growing among China’s trading partners that Beijing is investing heavily in manufacturing to overcome a deep property slowdown, leading to oversupply and potential dumping in international markets.
State news agency Xinhua reported that the meeting was held at the Great Hall of the People in Beijing and included a photo shoot with the executives, which Beijing’s official broadcaster CCTV said also included Bloomberg chair Mark Carney and FedEx’s Raj Subramaniam.