
In an address to major global business leaders, Chinese President Xi Jinping urged foreign investors to have faith in China’s business prospects, the latest move to revive the world’s second-largest economy that has been dragged down by a property bust and a loss of momentum.
“China has always been and will certainly be an ideal, safe and promising investment destination for foreign investors,” Xi told executives, including Akio Toyoda, chairman of Toyota, Lee Jae-yong, chairman of Samsung Electronics and Stephen Allen Schwarzman, CEO of investment firm Blackstone.