Dozens of foreign CEOs to flock to China this month for key summit, Xi meeting: sources

News Snapshot:

Dozens of foreign CEOs will visit Beijing this month for a flagship development conference where some are expected to meet President Xi Jinping, according to a draft agenda and three sources familiar with the matter. The annual China Development Forum will take place on March 23-24 at the Diaoyutai State Guesthouse in the capital, two sources told Reuters. Beijing is keen to attract foreign investment at a time of heightened geopolitical tensions, as policy-makers try to boost domestic consumption to offset fresh U.S. tariff pressure. Those attending include the CEOs of FedEx, Siemens, automakers BMW and Mercedes-Benz, chip designer Qualcomm,...