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Participants create a group photo before the opening ceremony of the Chinese Development Forum in 2025 at the Diaoyutai guest house on March 23, 2025 in Beijing.
Chinese News Service Chinese News Service Gets the image
Beijing – China has launched heads of major US enterprises at an annual conference this week in the sign of Beijing seeks to compensate for trade pressure rather than revenge.
China has long sought to attract foreign investment as a way to increase growth Continuing business interests For the potential Influence on the White Houseespecially under US President Donald Trump. Since January, the United States has twice increased tariffs for all Chinese goods, but Beijing announced only purposeful duties and restrictions on several US companies.
This week the conversation on the sidelines of the State Organized Chinese Development Forum in Beijing intensified more pre -consistent position than the official rhetoric this month about how China Ready to fight “any type of war” with the United States.
The participants of the Chinese conference were not focused on what it can be done to respond to US tariffs, said Stephen Rowch, senior employee of the Pavel Tsai Law Center.
“Questions I got more (is) why Trump is doing that? What is he trying to achieve? What does he think it takes to make America big?” said Rowch. He attended the event since the beginning of the 2000s.
“My answer is that this is an unprecedented period of America’s role in the world economy. We are returning to the tariff regime that history tells us is extremely devastating,” Rowch said, adding that he expects more political uncertainty in the US and around the world. “
American shares waved In recent weeks, when investors are trying to evaluate the economic impact of Trump’s changing plans on tariffs on major US trading partners. US Federal Reserve Chairman Jerome Powell last week said Tariffs may delay the progress of inflation reduction In the US
At this week’s conference, China tried to send a message about “assurance” – about how this Plans to increase your consumption And the way the country heads the “modestly positive direction” regarding what is happening in the US, said Scott Kennedy, Senior Advisor and Chairman of the Crown Person in Chinese Business and Economics at the Center for Strategic and International Studies, Analytical Center based in Washington, Columbia
When the US imposes much higher tariffs in early April, “you move from the cost management and the risk,” Kennedy CNBC said. “And then it may mean that the game is over. So I think the anxiety level is quite high. And so China is trying to give this message about calming.”
The Trump administration has threatened to check new tariffs on major trading partners since early April. China has increased its trade with the countries of Southeast Asia and the European Union, but in the US remains the largest trading partner in Beijing in one country.
China’s Development Forum was held on Sunday and Monday. Apple CEO Tim Cook was among the leaders who were present, but Tesla CEO Elon Musk was not.
“Increased optimism this year compared to the last year on CDF was so warming in the heart,” said Ken Griffin, CEO of Hedge Fund Citadel, during the official group.
Trump “strives for US companies that have access to the world market,” Griffin said. “And the president is ready to use tariffs to strive for this worldview.”
Also Sunday American Republican Senator Steve Daine met the Prime Minister Lee Ten Beijing – for the first time an American politician has visited China since Trump started his term in January.
“This was the first step to the next step that will be a meeting of President SI and President Trump,” ” Dinns told The Wall Street Journal. “If this happens and where it happens, you need to determine.”
The White House did not immediately respond to a comment request.
Lee called for cooperation and said No one can get from a trading war According to state media.
FedEx CEO Raj Subamania, Senior Vice President Boeing Brandan Nelson, CEO Cargill Brian Six, Medtronic CEO Jeffrey Martha, CEO of Pfizer Albert Burla, Qualcomm CEO Kristian Amon, CEO.
China, the second largest economy in the world, remains an important source of profit for many multinational corporations, not to mention the bulk of their supply networks.
Despite its efforts to strengthen international business relations, the country warned of counter -tariff counter -tariffs and has taken additional steps.
Following the US sanctions with the Chinese telecommunications giant Huawei during the first term of Trump as president, Beijing launched a list of unreliable organizations that restricts foreign business activities with China.
China added to the Calvin Klein PVH parents list and several other US companies after increasing tariffs this year. Monday China also said it would be Soon reveal new measures This would give her a legal basis for counteracting foreign pressure.
For US companies in China, the state of economic recovery has also become an important factor for local business plans.
Since the end of September, China has intensified efforts to support the economy. Best politicians earlier this month confirmed stimulating plans and recent efforts to Encourage the private sector entrepreneurs In the footsteps of breakthroughs of artificial intelligence Deepseek.
“This year you feel a lot of positive impulse starting from China. So I feel that it is being restored,” said Vendel P. Week, CEO Corning, CNBC.
However, China’s economy fought with deflation and A safety of real estateWeighing regional growth prospects for international business.
Even the Beijing impetus to maintain high-tech production so far only added an average of 1.1 percentage for gross domestic product for each of the last three years non-drop-off to compensate for 1.7 percentage dropping from real estate during this time, Goldman Sachs estimates.
“We will remain optimistic because the role of technology is important, I think as never before,” said Amon Qualcomm CNBC. “I think technology will be part of economic growth.”