CEOs of many large US corporations are interested in the Chinese market.

Tesla CEO Elon Musk, Starbucks CEO Laxman Narasimhan, JPMorgannd CEO Jamie Dimon are among the notable names that will be in China this week to assess the market.

Billionaire Elon Musk is one of the CEOs of many large US corporations interested in the Chinese market. (Photo: AFP/TTXVN)

CEOs of some of America's biggest corporations are in China this week to assess the state of one of their top markets, as the country reopens after nearly three years of restrictions to control the epidemic.

Tesla CEO Elon Musk, Starbucks CEO Laxman Narasimhan and JPMorgannd CEO Jamie Dimon are some of the notable names.

In recent months, the CEOs of Apple, Samsung, Aramco, Volkswagen, HSBC, Standard Chartered and Kering have also made working visits to China .

CEOs' interest in the world's second-largest economy shows China's importance to many major corporations.

China remained largely shut down and under strict virus control measures until December 2022, fueling calls from the international business community to reduce its dependence on the country. Restrictions have now been lifted, giving momentum to an economic recovery that began in the first quarter of this year, although that recovery now appears to be weakening.

China's leaders have called on foreign companies to increase investment in the country, promising an open and level playing field.

That was the topic of a May 30 meeting between Mr. Musk and Chinese Foreign Minister Qin Gang, who called for a healthy relationship with the United States, saying it was good for both countries and the world. Mr. Musk supported that view, saying Tesla opposed decoupling from China.

In recent months, Tesla has cut prices after losing market share to rivals in China, sparking a price war in the electric vehicle sector in the country, which is the world's largest market for electric vehicles.

For CEOs, visits to China are an opportunity to reconnect with employees and interact with government officials for the first time in years.

During Mr. Dimon's first visit to mainland China in four years, authorities urged JPMorgan to use its international influence to increase investment in Shanghai, China's financial center./.

Le Minh (Vietnam News Agency/Vietnam+)

Source: https://baodaknong.vn/ceo-nhieu-tap-doan-lon-cua-my-quan-tam-thi-truong-trung-quoc-150484.html