China Development Forum Opens on 25th... Global CEOs Gather

Samsung Vice Chairman Lee Jae-yong and Apple CEO Tim Cook Attend

Samsung Electronics Chairman Lee Jae-yong and Apple CEO Tim Cook, along with other global corporate leaders, will gather in Beijing, China this weekend to attend the China Development High-Level Forum (hereinafter referred to as the Development Forum).

According to local Chinese media on the 23rd, China will hold the Development Forum from the 25th to the 27th at the Diaoyutai State Guesthouse in Beijing. This meeting will be the first in-person event held in three years since the outbreak of COVID-19.

Under the theme "Economic Recovery: Opportunities and Cooperation," this year’s Development Forum will be attended by about 30 senior officials from China’s central government departments, around 20 heads of state-owned enterprises and financial institutions, and approximately 100 overseas representatives. Among the overseas attendees are CEOs of global companies from more than 10 industries including energy, finance and insurance, information and communications, equipment manufacturing, pharmaceuticals, consumer goods, and services.

The Chinese government plans to explain its vision at this meeting regarding the reconstruction of the global industrial network amid the US-China hegemonic rivalry, expansion of domestic demand to achieve the 5% economic growth target, and other government initiatives. It also intends to actively express its commitment to attracting foreign capital and further opening up to the outside world.