• Alexander Liu-Middleton

China reaches out to Fortune Global 500 leaders

In a follow up to their meetings at the World Economic Forum in Davos 2020, held just days before China went into a nationwide lockdown due to COVID19, Chinese leaders are reaching out to heads of Fortune Global 500 companies with invitations to attend the country’s flagship smart tech event in the central Chinese municipality of Chongqing, set for August.

With FDI widely seen as a key element in helping Beijing meet, or at least not fall too far under, its 2020 GDP growth target of 6%, the government is at pains to highlight the relative normalisation of the situation in the country and the rapid return to business as usual.

With global travel shutdowns, and quarantine requirements of 14 days in place for travellers to China from most Western countries, the decision to go ahead with the event is highly symbolic of Beijing’s current forward planning as it looks to move on from the economic damage of the past three months and reassure international investors that the country’s economy will quickly rebound.

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