China’s Vice Premier He Lifeng has assured foreign CEOs that the country’s business environment is improving despite rising instability. At a recent meeting with major companies, including Apple and Pfizer, He described China’s economy as “highly resilient” and urged them to continue investing in the country.
Global investment banks have raised their forecasts for China’s 2025 economic growth, with Nomura, ANZ, Citi, and Morgan Stanley all increasing their estimates by 50 basis points. However, they still fell short of China’s official target of around 5%.
The Chinese government is keen to attract new capital and stabilize foreign investment as policymakers aim to boost domestic consumption to offset the impact of US tariffs on Chinese goods. Despite this, some global companies are cautious due to rising instability.
Companies such as Apple, Pfizer, Mastercard, Cargill, and Eli Lilly have expressed confidence in China’s development and plan to continue investing in the country. However, American CEOs are not as prominent at the China Development Forum this year compared to last year.
Source: https://www.reuters.com/business/chinas-vice-premier-reassures-apple-pfizer-cargill-others-business-potential-2025-03-24