China’s Xi Seeks to Soothe Anxieties of American CEOs

The US-China Business Council said in a statement that its members at the meeting stressed the importance for China to rebalance its economy by boosting consumption. It also emphasized that the Chinese government should address US business concerns about how to ship data out of China and issues with regulatory transparency. The U.S. and China recorded $575 billion in two-way trade in 2023.