Beijing Encourages US Companies to Keep Investing in China

Chinese Vice President Han Zheng engaged with Tesla CEO Elon Musk and various US business leaders to explore future economic partnerships. Read Full Article at RT.com.

Beijing Encourages US Companies to Keep Investing in China
Chinese Vice President Han Zheng held discussions with Tesla CEO Elon Musk and other US business leaders in Washington on Sunday, emphasizing the need for ongoing investment by US companies in China.

Currently, Han is in the US capital to represent Chinese President Xi Jinping at the inauguration of President-elect Donald Trump scheduled for Monday.

The vice president engaged with members of the US-China Business Council, the American Chamber of Commerce, and various executives, as reported by the China News Service. During these meetings, he highlighted the mutual advantages of heightened economic collaboration and urged US businesses to “take root” in China to help stabilize bilateral relations.

Han also pointed to recent conversations between Trump and Xi, underscoring their shared interests and the significant potential for collaboration. He remarked that maintaining a positive and stable trajectory in US-China relations serves the interests of both countries as well as the international community.

American business leaders reportedly expressed optimism regarding the dialogue between Trump and Xi, viewing it as a positive development for future economic relations. They emphasized the importance of constructive engagement between the two largest economies in the world and reiterated their commitment to ongoing discussions and cooperation.

In a separate meeting with Elon Musk, Han conveyed that China is open to US companies, including Tesla, to capitalize on opportunities and partake in China's developmental progress, enhancing Sino-American economic and trade relations.

Musk reportedly welcomed Han's proposition, indicating that Tesla is eager to expand its investment collaboration with China and actively participate in strengthening economic and trade ties between the two nations.

Additionally, reports indicate that Trump plans a personal visit to China within his first 100 days in office, according to the Wall Street Journal, though no final decision has been made regarding the trip.

Last week, Xi and Trump discussed various topics on a phone call, such as trade, Taiwan, and the situation surrounding the Chinese-owned TikTok social media platform, which experienced downtime over the weekend due to a federal ban set to take effect on January 19. Trump announced on Monday that the app's service had since been restored.

Sanya Singh contributed to this report for TROIB News