Chinese vice president lunches with Dimon, Schwarzman and other financiers from Davos Reuters
By Julia Zhu and Elisa Martinuzzi
DAVOS, Switzerland (Reuters) – Chinese Vice Premier Ding Xuexiang met with global financial and business leaders, including Blackstone (NYSE: ) CEO Steve Schwarzman, Bridgewater Associates founder Ray Dalio and JPMorgan Chief Executive Jamie Dimon during a private lunch in Davos in Tuesday.
Hosted by World Economic Forum (WEF) founder Klaus Schwab, the luncheon was also attended by BlackRock (NYSE: ) CEO Larry Fink, Standard Chartered (OTC: ) CEO Bill Winters and Visa (NYSE: ) CEO Ryan Mclnerney.
The event was also attended by several Chinese government officials who are part of the country’s delegation in Switzerland. US financial firms were interested in maintaining good relations with Beijing, even as China’s growth weakened.
“All indicators are positive, but the market is waiting to see how much conviction there is and how much will follow,” an executive who attended the meeting told Reuters.
“There was a determination to complete all the transformations that (the Chinese) had set out,” the executive said, adding that key goals for Beijing included stabilizing the housing market and boosting domestic demand.
Chinese policymakers are intensifying efforts to boost the ailing economy amid concerns about a potential increase in US tariffs following the inauguration of President Donald Trump.
Trump unexpectedly dropped tariffs on China on his first day back in the White House.
On Tuesday, Ding welcomed more investment by foreign companies in the country, adding that China is willing to solve problems faced by domestic and foreign companies.
He is the second top Chinese official to meet global business and political leaders at the Davos summit since President Xi Jinping attended in 2017.
