China president Xi: US-China relations should stay stable, healthy

• Reaffirms that maintaining stable, healthy development of US-China relations is fundamental
• Will handle US-China relations based on the principles of mutual respect and win-win cooperation
• China will remain an ideal, safe and promising investment destination
• Will ensure foreign firms have fair access to factors of production
• “Blocking someone else’s path will only block your own path in the end”
• I often say “blowing out other people’s lights will not make your own light brighter”

Among those meeting with Xi today are global heads of BMW, Mercedes, Qualcomm, FedEx, and Inter IKEA. A lot of this is to try and build closer ties to bolster foreign investment, especially during these testing times with US-China tensions on the rise. For some context, foreign direct investment (FDI) into China fell by over 27% in 2024 – marking the biggest drop since the global financial crisis in 2008.

This article was written by Justin Low at www.forexlive.com.