Xi Courts International Business Leaders Amid Escalating Trade Tensions with Trump

During a recent gathering in Beijing, Chinese President Xi Jinping urged global business leaders to resist teh tide of protectionism. He aims to leverage the growing discontent with U.S.tariffs to position China as a trustworthy partner on the world stage.

On March 28,Xi subtly criticized former President Donald Trump’s trade policies while addressing around 40 corporate executives,including notable figures like Stephen A. Schwarzman from Blackstone and Judy Marks from Otis Worldwide. His remarks came just after Trump escalated trade tensions, prompting retaliatory threats from Europe and other allies.

“Some nations are building high fences and imposing tariffs while politicizing business matters,” Xi stated at the Great Hall of the people without directly naming any country. “I encourage you all to voice your opinions and take action against these outdated practices,” he added.

This speech is part of xi’s broader strategy to attract investors amid slowing economic growth and rising geopolitical tensions that have made China less appealing for foreign investment—last year saw inbound investments drop to their lowest level in over thirty years. He assured attendees that market access would improve and challenges faced by foreign businesses would be addressed.

“We’re committed to providing a clear and stable policy habitat,” he said, promoting China as an “ideal destination” for international investors. “Choosing China means choosing opportunities.”

The expanded guest list indicates Xi’s desire to reach a broader audience; this year’s event included more than double last year’s attendees, which primarily consisted of U.S.-based executives.

This time around, reporters were allowed into the room during his closing remarks—a departure from previous years—and several executives shared their insights during discussions. Amin H.Nasser from Aramco expressed intentions to boost chemical production investments in China, calling it an “oasis of certainty.”

Stephen Orlins, president of the National Committee on U.S.-China Relations, noted that Xi aimed