China touts business potential to U.S. companies despite ‘rising instability’

News Snapshot:

Open this photo in gallery: Chinese Vice Premier He Lifeng at the Diaoyutai State Guesthouse, in Beijing, on Jan. 11.Florence Lo/Reuters China’s economy tsar, Vice Premier He Lifeng, sought to reassure foreign CEOs of the country’s business potential, describing the economy as highly resilient, while global investment banks cautiously raised their 2025 outlook for the country. Vice Premier He met with the heads of Apple, Pfizer, Mastercard, Cargill and others on Sunday, and held meetings with pharmaceutical firm Eli Lilly, medical device company Medtronic and specialty glass maker Corning, a commerce ministry statement said. Beijing is keen to stabilize foreign...