Among those meeting with Xi today are global heads of BMW, Mercedes, Qualcomm, FedEx, and Inter IKEA. A lot of this is to try and build closer ties to bolster foreign investment, especially during these testing times with US-China tensions on the rise. For some context, foreign direct investment (FDI) into China fell by over 27% in 2024 - marking the biggest drop since the global financial crisis in 2008.
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