- ORIGINAL NEWS
China will make foreign investment easier, vice premier tells foreign executives
- SUMMARY
Chinese Vice Premier He Lifeng met with international financial leaders and expressed China’s commitment to making it simpler for foreign institutions to invest in the country.
This move aims to address the cautious attitude of foreign investors amid uncertainty about China’s economic direction and tensions between China and the US.
He Lifeng stressed China’s continued efforts to improve its capital market, making it more welcoming to cross-border investments and financing.
Additionally, President Emeritus of Harvard University, Lawrence Summers, and PBOC Governor, Pan Gongsheng held discussions about the global economy and issues like stagflation or secular stagnation, according to Summers.
These interactions underscore China’s eagerness to attract more foreign financial entities and long-term capital.
This week’s developments are part of a broader trend of increasing in-person meetings between Chinese officials and international counterparts following the lifting of Covid-19 travel restrictions.
- NEWS SENTIMENT CHECK
- Overall sentiment:
neutral
Positive
“BEIJING — Chinese Vice Premier He Lifeng met with global financial executives Wednesday and pledged to make it easier for foreign institutions to invest in the country, state media said.”
“China has gradually allowed foreign financial institutions to take majority control of their local operations.”
Negative
“The meeting comes as foreign investors have largely taken a wait-and-see approach to China amid uncertainty about the country’s economic trajectory and tensions with the U.S.”
“The MSCI China stock index fell by 11% in 2023.”