Xi Woos Global Business Leaders as Trump Intensifies Trade War [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Xi on Friday made a veiled critique of Donald Trump's trade actions, touting China's stability at a meeting in Beijing with some 40 corporate leaders including Stephen A. Schwarzman of Blackstone Inc., Judy Marks of Otis Worldwide Corp and Jay Y. Lee of Samsung Electronics Co. His comments came a day after the American president intensified his trade war and prompted threats of retaliation from the EU and other allies. “Some countries are building a small yard with high fences, erecting tariff barriers, politicizing business issues, using them as tools and weapons,” Xi said at the Great Hall of the People, without naming any nation. “I hope you will share your sensible views and take actions to push back against the retrogressive rules and the zero-sum games,” he said. Xi's remarks are part of a campaign to court investors as slowing growth and mounting geopolitical tensions hurt the draw of the world's second-largest economy, with inbound investment tu
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