China's Xi tells U.S. CEOs that bilateral relations can have a 'brighter future'
Publishing timestamp: 2024-03-28 02:21:27
Summary
Chinese President Xi Jinping told U.S. executives that bilateral relations can improve, with a focus on improving the business environment. The U.S.-China Business Council expressed concerns over the decline in trade, investment, and business confidence, and emphasized the need for China to increase the role of consumption in its economy. Xi also discussed the need for China to address concerns with cross-border data flows, intellectual property rights, and regulatory transparency. Biden's administration has used export controls to restrict U.S. companies from selling advanced semiconductor technology to China.
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