At Davos, CEOs Privately Vented Over Chinese Leader Xi Jinping’s Economic Policies



Shawn Donnan and Jun Luo | Bloomberg

Business leaders used a rare private audience with one of China’s top regulators to air concerns about Chinese leader Xi Jinping’s economic policies days before crucial trade talks in Washington.

At a dinner Tuesday on the sidelines of the World Economic Forum in Davos, Xiao Yaqing, chairman of the State-owned Assets Supervision and Administration Commission, met with chief executives of prominent Chinese and international companies. The move was part of a broader Chinese charm offensive this year in Davos, the highlight of which will be a speech on Wednesday by Vice President Wang Qishan.

With another top Chinese official, Liu He, due to visit Washington for trade talks next week, the efforts are aimed at securing the backing of the international business community for ending the U.S.-China trade war. The dispute is one of the biggest threats looming over the global economy.

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