China builds on Xi-Biden summit momentum with ‘arms wide open’ to investment

China’s leadership has ramped up its charm offensive with pledges for further opening up to foreign investment and more engagement in stabilising global supply chains following the meeting between President Xi Jinping and his US counterpart Joe Biden amid ongoing worries over the slowdown in the domestic economy.Some 24 hours after Xi and Biden met for the first time via video on Tuesday, Chinese Vice-President Wang Qishan stressed that Beijing and Washington should keep their focus on…

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