SHANGHAI/BEIJING : A veritable parade of overseas CEOs including Tesla's Elon Musk and Goldman Sachs' David Solomon have made their way to a reopened China in the last few months. One notable common strand: they've not talked much in public about their trips which have mostly consisted of meetings with go
SHANGHAI/BEIJING : A veritable parade of overseas CEOs including Tesla's Elon Musk and Goldman Sachs' David Solomon have made their way to a reopened China in the last few months.
And while Musk has mentioned the trip in two posts since leaving, he didn't tweet once while in China. Noah Fraser, managing director of the Canada China Business Council, said visiting executives are no longer chasing new business opportunities but are concentrating on maintaining existing relationships and will often stipulate no press, big dinners or speaking opportunities.
The EU Chamber of Commerce said in a statement that companies operating in China have always exercised a certain level of caution and were now adapting to changes in areas that might be deemed sensitive.China's foreign ministry said in a statement that the numerous visits from U.S. CEOs were a"vote of confidence" in the Chinese economy. That their trips were relatively low-key stemmed from what it called the U.S.
Sixty-seven foreign business leaders attended the high-profile China Development Forum this year, although that is still 20 fewer than in 2019.
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