Xi Courts US CEOs Amid China’s Economic Pains, Foreign Capital Flight

China’s communist leader Xi Jinping is courting U.S. business leaders in Beijing—the regime’s latest effort to woo back foreign investors amid waning confidence about the world’s second-largest economy.

At a meeting hall on the western edge of Tiananmen Square, Xi met with around 20 U.S. executives and academics, and urged businesses to continue investing in China while insisting that its economy hasn’t peaked.

Among the attendees were CEO of private equity firm Blackstone Stephen Schwarzman, head of American delivery giant FedEx Raj Subramaniam, president of chips manufacturer Qualcomm Cristiano Amon, CEO of insurer Chubb Evan Greenberg, founding dean of Harvard’s John F. Kennedy School of Government and former assistant secretary of defense under the Clinton administration Graham Allison, and chairman of Brookfield Asset Management and Bloomberg Inc. Mark Carney.

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