China invites U.S. executives to strengthen business ties

China held an annual conference this week in Beijing to attract U.S. business leaders amid rising trade tensions with the United States. The conference aimed to show that China is focusing on cooperation rather than retaliation against U.S. tariffs. Beijing has faced increased tariffs on its goods since January but has only imposed limited restrictions on certain American companies. Experts noted that the atmosphere at the China Development Forum was more conciliatory than recent fiery rhetoric suggesting China is prepared for a trade "war." Attendees, including prominent executives like Apple CEO Tim Cook, expressed concern about U.S. President Donald Trump’s trade policies. Analysts suggested that the uncertain economic climate could lead to more volatility in the U.S. stock market. China wanted to reassure foreign investors about its plans to boost consumption and economic growth. If the U.S. implements large tariffs next month, it could lead to a significant shift in trade relations, according to industry experts. A U.S. senator met with Chinese Premier Li Qiang, marking a rare political exchange since Trump’s latest term began. The senator hinted at a possible meeting between Trump and Chinese President Xi Jinping. Despite efforts to strengthen international business ties, China has warned of potential countermeasures against U.S. tariffs. China's economy has also faced challenges, with deflation and a struggling real estate sector affecting growth. However, some business leaders remained optimistic about the role of technology in boosting the economy.