Economic rebound helps backstop some US multinationals

Xiao Yaqing, China's minister of industry and information technology, made the comments during a video meeting with a delegation of the US-China Business Council, the ministry said in a statement published on its website. US executives participated in the meeting, along with leaders from the business council, the statement said, adding that Xiao also commented on how there were good market prospects in areas such as 5G technology and new energy vehicles.