Mar 22 • 13:43 UTC 🇩🇪 Germany FAZ

"Haven of Stability": China Promises Reliability to Foreign Companies Amid Trump Turmoil

Chinese Premier Li Qiang promises foreign firms increased economic openness and equal treatment during the China Development Forum in response to growing global trade tensions sparked by US President Donald Trump's policies.

During the China Development Forum in Beijing, Chinese Premier Li Qiang assured foreign companies of China's commitment to further open its economy and provide equal treatment to all businesses irrespective of their origin. This comes in light of uncertainty caused by the trade and tariff policies propagated by US President Donald Trump, which have increased global tensions around commerce and trade relations. Li's remarks were directed at major international firms, including Apple, Volkswagen, and Samsung, indicating a proactive approach from China to shore up confidence in its market.

The promises come at a critical time when many foreign companies have been vocal about the challenges they face in the Chinese market, including regulatory hurdles and declining direct investments over the past years. By highlighting a commitment to fair treatment, Li aims to address these concerns and restore trust among international investors, particularly as trade barriers have been on the rise. This pledge is also seen as an attempt by China to strengthen its economic ties with the global community amid fears of a further escalation in trade conflicts.

Li's statements come as part of a broader strategy by China to position itself as a stable and inviting destination for business, combating the perception that it may be fostering an increasingly insular trade environment. The discussion at this forum is part of China’s ongoing efforts to not only mitigate the impact of external economic pressures but also to attract foreign capital and expertise to fuel domestic growth. This development showcases China's delicate balancing act in maintaining its economic health while fostering relationships with foreign entities against a backdrop of geopolitical tensions.

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