May 13, 2024

China on Monday convened a global trade and investment promotion summit in Beijing with participation by hundreds of representatives from over 30 countries and regions and 170 foreign entities, in another major push by the world's second-largest economy to boost cooperation amid growing geopolitical and trade tensions. 

At the summit, hosted by the China Council for the Promotion of International Trade (CCPIT), representatives of international organizations, multinational executives and foreign business groups commended China's critical role in promoting global cooperation and major contribution to global economic development, especially as a rising tide of protectionism in some advanced economies seriously hinders global trade and investment.   

While some Western officials and media outlets have stepped up smearing China's economy and even sought to crack down on emerging Chinese industries, foreign businesses remain confident in the prospect of the Chinese economy and are committed to further expanding in the Chinese market, many business leaders from Asia, Europe and North America told the Global Times on Monday. 

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https://www.globaltimes.cn/page/202405/1312183.shtml