US CEOs Get Warm Welcome in China, But Unsure If They Are Wanted
- China’s goals of innovation, self-reliance seen as conflicting
- Apple, Micron executives among delegation that visited Beijing
One of Apple’s stores in Shanghai.
Photographer: Raul Ariano/BloombergThis article is for subscribers only.
US executives who visited China this week got the chance to meet with senior officials of President Xi Jinping’s government, but received conflicting signals over Beijing’s openness to foreign investment.
While Chinese officials appealed to American firms to boost innovation in China — a goal outlined at the Third Plenum meeting — the party conclave also highlighted national self-sufficiency as a priority, according to a person familiar with the matter. Some US executives view the twin objectives as contradictory, said the person, who asked not to be identified as the details are private.