SHANGHAI, March 23 (Reuters) - Chinese Commerce Minister
Wang Wentao has met top executives of global companies including
Apple Inc ( AAPL ) and SK Hynix Inc ahead of a major business conference
as Beijing woos foreign investors amid geopolitical and trade
tensions.
In the meetings with Apple ( AAPL ) CEO Tim Cook, Hynix
CEO Kwak Noh-Jung and other global chiefs on Friday
and Saturday, Wang said China was committed to opening up its
economy and offered growth opportunities for multinationals,
according to ministry statements.
The meetings took place ahead of the China Development
Forum, which will be held in Beijing on Sunday and Monday. It is
a high-level annual event where foreign business leaders can
interact with senior Chinese government officials.
China, grappling with a slowing economy, is stepping up
efforts to attract foreign companies amid heightened Sino-U.S.
tensions and Western "de-risking" efforts to diversify supply
chains away from China.
Foreign investment flows into China shrank nearly 20% in the
January-February period from a year earlier, commerce ministry
data showed on Friday.
Cook opened Apple's ( AAPL ) newest store in Shanghai on Thursday, as
the phone maker battles falling iPhone sales in China and rising
competition from domestic rivals such as Huawei. The smartphone
maker is now facing a major antitrust action in the United
States.
Wang told Cook that China-U.S. economic and trade
cooperation is a stabilising force for bilateral relations and
that China was willing to work with the United States to create
a "fair, stable and predictable environment" for businesses, the
ministry said.
In a separate meeting, Wang and CEO Kwak of semiconductor
maker Hynix discussed supply chain cooperation between China and
South Korea, the ministry said.
Wang said he hoped that Hynix can continue to invest in
China, and share growth opportunities from the country's huge
electronics consumer market.
The U.S. government has been pressing its allies including
South Korea, the Netherlands and Japan to curb China's access to
advanced semiconductor technology.
In a meeting with BNP Paribas chairman Jean
Lemierre, Wang said China hoped to resolve Sino-Europe trade
disputes through dialogue and cooperation, and that the French
lender could play an active role in the process.
Trade disputes between China and Europe have been mounting
over the past year. The European Union has launched an
investigation into Chinese electric vehicle imports over state
subsidies, while China has opened an anti-dumping investigation
on brandy imported from the EU.
Wang also held a roundtable on Saturday with executives of
global drugmakers including Bristol-Myers Squibb, GSK
and Pfizer, the ministry said.