The US and China are both courting global executives in Davos this week.
US President Donald Trump, looming large at the World Economic Forum, plans to convene a group of CEOs Wednesday; Beijing’s economic czar, He Lifeng, is reportedly attending a similar confab.
A recent US-China trade truce has given Western CEOs an opening to boost ties with the world’s second-largest economy, while Trump’s disruptive economic policies and his threats to seize Greenland allow Beijing to present itself as a stable alternative to Washington.
US firms, meanwhile, are growing more confident about their China earnings this year, a new survey showed, though China’s domestic economic slowdown topped the list of business concerns for the first time.