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Reuters
Reuters
Business
By Joe Cash and Shuyan Wang

China seeks to woo foreign firms as tensions with West swirl

FILE PHOTO: Chinese Premier Li Qiang speaks during a news conference following the closing session of the National People's Congress (NPC), at the Great Hall of the People, in Beijing, China March 13, 2023. REUTERS/Florence Lo/Pool

Chinese Premier Li Qiang said on Thursday that he was committed to opening up and reforming the world's second-largest economy, seeking to win over foreign investors even as trade and geopolitical tensions with the West loom large.

His keynote speech, delivered at a business and political summit in the island province of Hainan, came in a week Beijing has mounted a charm offensive on overseas firms as it seeks to shore up an economy battered by years of pandemic restrictions.

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