China’s Xi issues a positive message in meeting with U.S. business leaders as relations improve
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Chinese President Xi Jinping called for closer trade ties with the U.S. during a meeting with top American business leaders in Beijing. Xi emphasized the mutually beneficial economic ties between the two countries, despite U.S. tariffs on Chinese imports and accusations of undue Communist Party influence and unfair trade barriers. China's economy has struggled to recover from self-imposed COVID-19 restrictions but is now contributing to world economic growth. Xi stated that Sino-U.S. relations are crucial and have an impact on the well-being of both peoples and the future of mankind. The meeting included Stephen A. Schwarzman, the head of investment firm Blackstone. China's economy has been affected by a crisis in its property market, an aging population, and high youth unemployment. However, foreign firms, including Apple, rely on China-based manufacturers and its consumer market. China's tone towards the U.S. has softened in recent months, and officials from both countries have engaged in visits and meetings. However, China maintains a hard line on issues it considers its 'core interests,' such as its claims in the South China Sea, Taiwan, Hong Kong, Tibet, and Xinjiang. Xi aims to maintain strict party control while attracting foreign investment to support the economy.
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