Mar 27, 2024 - Economy

U.S. business leaders courted by Beijing

photo of Tim Cook sitting on a chair on stage against a red backdrop that says "China Development Forum 2024"

Apple CEO Tim Cook speaks in Beijing, China, on March 24. Photo: Fu Tian/China News Service/VCG via Getty Images

Apple CEO Tim Cook and other top U.S. executives have been in China this week, Hope writes.

Why it matters: Their visits coincided with the country's annual Development Forum, a conference aimed at "pitching American and other Western corporate executives on the country's prospects," per WSJ.

Context: Foreign investment into China continues to decline.

  • Beijing's regulatory crackdowns and raids make it difficult for some U.S. companies to see an upside to maintaining a certain presence.
  • But government officials are now pledging to treat foreign companies differently.

This story was an excerpt from Axios Closer, a recap on the day's biggest business stories.

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