Chinese Vice Premier He Lifeng met with Co-President of Morgan Stanley Dan Simkowitz in Beijing on Wednesday. He, also a member of the Political Bureau of the Communist Party of China Central Committee, said that China's commitment to promoting high-quality development through high-level opening-up will invigorate and add impetus to the Chinese and global economies, according to the Xinhua News Agency.
He welcomed more U.S.-funded financial institutions and long-term capital, including Morgan Stanley, to continuously deepen mutually beneficial cooperation with China and actively participate in the construction and development of China's capital market, Xinhua reported.
Simkowitz was pleased with the substantive progress made in the U.S.-China economic and trade talks and said that he would continue to focus on the Chinese market and provide high-quality services to promote investment cooperation between U.S. and Chinese enterprises, according to Xinhua.
The meeting came as many U.S. businesses have reaffirmed their commitment to the Chinese market despite trade tensions between the two countries.
During the 2025 Global Trade and Investment Promotion Summit in Beijing, Michael Hart, president of the American Chamber of Commerce in China, said that the tariff war is like a reality check, proving that China is an important market as well as supplier of goods for the U.S.. Meanwhile, J.P. Morgan and several other U.S. companies have expressed their willingness to continue to invest in China, further explore the Chinese market and take part in China's growth and innovation, a reporter noted at a press briefing of the Chinese Foreign Ministry on Wednesday.
Asked by the reporter to comment on that, Mao Ning, a spokesperson for the ministry, said that China-U.S. economic ties benefit both sides, and cooperation between the world's two largest economies has brought tangible benefit to businesses and consumers of both countries.
After the China-U.S. economic and trade meeting in Geneva, orders from U.S. purchasers and cargo ship bookings between the two countries surged, testifying to the enormous two-way demand between China and the U.S., the spokesperson noted.
"Protectionism will lead nowhere. We welcome companies from all countries, including the U.S., to operate and develop in China, deepen cooperation with China, and jointly create more opportunities and a better future," Mao said.
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