China's High-Standard Opening-Up Attracts Multinationals for Easier Foreign Investment

Chinese Vice Premier He Lifeng met with global financial executives and pledged to make it easier for foreign institutions to invest in China, aiming to deepen the reform and two-way opening-up of its capital market. This comes as foreign investors have been cautious due to economic uncertainty and tensions with the U.S. Additionally, President Emeritus of Harvard University Lawrence Summers met with People's Bank of China Governor Pan Gongsheng to discuss the global economy and stagflation, reflecting increased in-person meetings between Chinese and U.S. officials, executives, and academics.