What's happened
China's finance chief emphasized the country's commitment to reform and attract foreign investment during a recent summit. Citigroup's CEO expressed optimism about China's economy despite ongoing tensions with the U.S. following Trump's re-election, which may impact trade relations and economic recovery efforts.
Why it matters
What the papers say
The South China Morning Post reported that China's finance chief, He, highlighted the country's ongoing reforms and openness to foreign investment, while Citigroup's CEO, Jane Fraser, expressed optimism about China's economic prospects despite potential U.S. tariffs. Zhu Xian, a former World Bank vice-president, noted that Trump's policies could present both challenges and opportunities for China, emphasizing the need for strategic engagement with international stakeholders. The Telegraph reflected on the historical context of Sino-UK relations, questioning the coherence of the UK's current policy towards China amid rising tensions.
How we got here
China has been working to reform its financial system and attract foreign investment, particularly in light of economic challenges. Recent measures aimed at stabilizing the property sector have not met investor expectations, raising concerns about the country's economic recovery.
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