Samsung Electronics Chairman Lee Jae-yong met with Chinese President Xi Jinping along with CEOs of global companies.
Chairman Lee attended a global CEO meeting with President Xi at the Great Hall of the People in Beijing at around 11 a.m. on the 28th (local time).
This day's interview is a 'representative conference in the international industry'. Chairman Lee and CEOs of German automakers BMW and Mercedes-Benz and US semiconductor company Qualcomm, who came to China to participate in the China Development Forum (CDF) from the 23rd to the 24th, attended.
China is in desperate need of investment from foreign companies in the face of the Donald Trump administration's "tariff bomb" amid the recent real estate crisis and worsening investment and consumer sentiment internally.
At the China Development High-Level Forum (CDF) held earlier, Prime Minister Li Chang extended his hand, saying, "We will help foreign-invested companies integrate deeply into the Chinese market."
President Xi also reportedly met with CEOs of foreign companies on the same day to seek to strengthen relations, express China's willingness to open up to the outside world, and emphasized attracting investment.
Chairman Lee also met with President Xi after attending the China Development Forum for the first time in two years this year. Apple CEO Tim Cook and other managers from global conglomerates such as Broadcom, Qualcomm, BMW, Mercedes-Benz and Pfizer gathered at the China Development Forum.
Chairman Lee continues to expand his electric field (vehicle electronics and electrical equipment) business in China by visiting Xiaomi's electric vehicle plant in Beijing on the 22nd and BYD headquarters, the world's largest electric vehicle company, in Shenzhen, Guangdong Province, on the 24th.
