China rolls out red carpet for US firms, promising to create fair market environment

The announcement by Xiao Yaqing, head of China’s Ministry of Industry and Information Technology, was made during a video meeting of the US-China Business Council.Executives from companies including General Motors and Qualcomm took part in the meeting, alongside the heads of the council. The participants discussed the market prospects in areas like 5G technology and new energy vehicles, among other issues.