China meets with US firms including ExxonMobil, Boeing and Cargill as it seeks to restore market confidence
- China’s top economic planning agency met with US multinationals including ExxonMobil, Boeing, Cargill and Emerson Electric this week
- The discussions signal Beijing is prioritising economic growth and is eager to restore market confidence after the 20th party congress, experts say
Meetings between China’s top economic planning agency and US multinationals show Beijing is prioritising economic growth and is eager to woo foreign investors and restore market confidence following the 20th party congress, an economist says.
On Wednesday, the National Development and Reform Commission (NDRC) met with a delegation of US business representatives led by Craig Allen, president of the US-China Business Council.
The discussions revolved around economic and trade cooperation between the two nations, further opening up by China, and the country’s macroeconomic outlook, among other issues, the NDRC said in a statement.
Representatives from US giants ExxonMobil, Boeing, Cargill and Emerson Electric took part in the meetings, relaying details about their operational conditions in China.
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This is the second round of meetings between the NDRC and American businesses in two weeks. The first was a round table discussion held with more than 60 US multinationals on how they could tap new business opportunities after China vowed to further open up and encourage foreign investment.
