China's Premier Steps Up Charm Offensive for Wary Foreign Firms [BNN Bloomberg (Canada)]
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confidence in the world's No. 2 economy after years of punishing Covid restrictions and escalating US tensions. Li is set to deliver a keynote speech at the Boao Forum for Asia — billed as an Asian version of the World Economic Forum in Davos — as the event wraps up in the southern province of Hainan. The four-day gathering comes as Beijing rolls out a charm offensive to court overseas business and investment and bolster its diplomatic efforts to portray China as a responsible geopolitical actor. For foreign firms, operating in China in recent years hasn't been easy. Many faced disruptions and supply chain logjams due to stringent Covid Zero controls, while consumer spending slumped and profits were squeezed. More recently, US firms have faced more scrutiny for their business ties to China amid rising political tensions between the two countries. The Boao event follows on the heels of the China Development Forum earlier this week in Beijing, where Li welcomed figures includi
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