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The China Growth Discussion board, a high-profile, government-hosted convention with a who’s who of worldwide executives in attendance, was a second for Beijing to resume its efforts to win over international companies.
Companies from exterior China “will not be foreigners, however household,” stated Wang Wentao, China’s commerce minister. State media reported that the CEOs of Apple, Pfizer and Procter & Gamble had been on the discussion board, held in late March. Most of the dozens of enterprise leaders there have been on their first journey to China for the reason that nation had closed its markets to the world and derailed its financial system with harsh COVID insurance policies.
Wang pledged to take away obstacles stopping corporations from investing extra; 2023, he declared, was “Spend money on China yr.”
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