China used this week’s China Development Forum in Beijing to court major U.S. business executives, according to CNBC. The move signals a desire to de-escalate trade tensions rather than retaliate after two broad tariff hikes by the U.S. since January. Executives from Apple, Pfizer, Qualcomm, FedEx, and Boeing attended the event. Chinese leaders conveyed optimism about domestic recovery and efforts to boost consumption. The tone contrasted with recent official rhetoric about being prepared for “any type of war” with the U.S.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02China used this week's China Development Forum in Beijing to court major U.S. business executives,
00:06according to CNBC. The move signals a desire to de-escalate trade tensions,
00:10rather than retaliate after two broad terror flanks by the U.S. since January.
00:15Techies from Apple, Pfizer, Qualcomm, FedEx, and Boeing attended the event.
00:19Chinese leaders conveyed optimism about domestic recovery and efforts to boost consumption.
00:24So, in contrast to recent official rhetoric about being prepared for any type of war with the U.S.
00:30For all things money, visit Benzinga.com slash GSTV.