Arab Today, arab today xi promises us investors fair deal i voted for disney
Last Updated : GMT 08:12:03
Arab Today, arab today
Arab Today, arab today

Xi promises US investors fair deal: I voted for Disney

Arab Today, arab today

Arab Today, arab today Xi promises US investors fair deal: I voted for Disney

Chinese President Xi Jinping
Seattle - AFP

Chinese President Xi Jinping pledged to America's top business executives Tuesday that Beijing will treat them fairly, reminding them he supported Disney's soon-to-open park in Shanghai years ago.

Speaking to a room full of the who's who of American and Chinese business leaders on the second day of his US visit, Xi said the Chinese economy will continue to grow strongly and offer huge opportunities to American investors.

But, with Alibaba's Jack Ma sitting on his left and Boeing chief Dennis Muilenburg to his right, Xi also pushed for some quid pro quo from his American hosts to help Chinese firms expand in the United States.

At a mostly closed meeting with 30 Chinese and US CEOs, Xi continued to stress the core message of his visit: that commercial ties between the two countries are essential, and that US businesses need China and should trust him to advance reforms.

As if to echo his message, as he spoke Boeing announced it had won a record deal to sell $38 billion worth of aircraft to China, and would set up a livery plant in the country.
Among the attendees to hear Xi's message were the heads of General Motors, Amazon, Apple, Disney, Microsoft and Berkshire Hathaway on the US side, and Wanxiang, TenCent, Haier, Baidu and Cosco on the Chinese side.

Discussions at the forum organized by the Paulson Institute think-tank on US-China relations, covered US corporate complaints such as an uneven playing field for their China investments, unclear and excessive regulations and lack of protection for intellectual property rights (IPR).

- 'Open up wider' -

Xi stressed that the rapidly developing Chinese economy needed foreign businesses, saying he was  determined to reform regulations that hamper them.

"In the long run the fundamentals of the Chinese economy are good," he stressed, saying the current economic slump is manageable.
He noted that China last year became the largest recipient of foreign direct investment, $128.5 billion worth, and that its growing population would need more goods and services, from cars to tourism, in the years to come, including those from US companies.

"China will open up still wider to the outside world: without reform there will be no driving force, without opening up there will be no progress," he said.

"We will continue to build a law-based business environment, an open environment. We will stand firm to protect IPR."

Recalling the genesis of Walt Disney Co.'s Shanghai theme park in the late 2000s, Xi said other officials were pushing for a more Chinese culture-based project.

"I voted yes for Disney," he recounted, "because China needs a diverse-culture-based entertainment market."

Noting that Chinese companies will invest $1.25 trillion outside the country over the next 10 years, Xi underscored their importance to the US economy, as the employers of hundreds of thousands of Americans.

Some 100 Chinese companies have invested in the depressed economy of Detroit, he noted, before voicing an often-made request for a loosening of US import restrictions.

"Chinese companies also hope to see substantive steps by the US to ease restrictions on exports of civilian high-tech items to China, and create a level playing field for Chinese investment in the US.

"We count on the US business community to play your positive role and help make this a reality."

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today xi promises us investors fair deal i voted for disney Arab Today, arab today xi promises us investors fair deal i voted for disney

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 11:43 2017 Wednesday ,22 February

South Africa budget throws light on fractured ANC

GMT 11:35 2017 Wednesday ,22 February

British economy grows 0.7% in final quarter of 2016

GMT 06:04 2017 Wednesday ,22 February

Hammond closes in on budget goal

GMT 05:34 2017 Wednesday ,22 February

Euro zone economy outlook shines

GMT 04:10 2017 Wednesday ,22 February

US stocks finish at another all-time high
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday