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China’s vice commerce minister meets with foreign firms in Guangzhou

Published 20/08/2025, 14:46
© Reuters
XOM
1.03%
WMT
1.26%
IBM
0.53%
SIEGn
-1.99%
BASF
0.80%

Investing.com -- China’s vice commerce minister Ling Ji held a meeting with representatives from more than 30 foreign companies in Guangzhou, according to a statement released by the ministry on Wednesday.

The high-level gathering included executives from major international corporations such as ExxonMobil (NYSE:XOM), BASF, IBM (NYSE:IBM), Siemens (ETR:SIEGn), and Walmart (NYSE:WMT).

During the meeting, Ling expressed China’s desire for foreign enterprises to strengthen their presence in the country. The vice minister specifically encouraged these companies to "continue to deepen their roots in China, and increase their R&D efforts in China," the ministry statement noted.

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