Chinese premier Li Qiang urged countries to open their markets, and businesses to share resources amid "rising instability" in the global economy, at an annual development forum in Beijing. The event saw U.S. Senator Steve Daines, the first U.S. politician to visit China since U.S. President Donald Trump re-took office.
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00:00Top business leaders from around the world gather in Beijing, as China looks to recover
00:09from drops in foreign investment in a global economy mired in tariffs from U.S. President
00:15Donald Trump.
00:17China alone has been hit with a blanket 20 percent tax by Washington on all its goods,
00:23with more possibly to come, Beijing already hitting back with levies of its own.
00:29Also at the annual forum, U.S. Senator Steve Daines from Montana, a Trump ally and the
00:35first American politician to visit China since Trump retook office.
00:43Meeting with Chinese Premier Li Qiang, Beijing's second-in-command told Daines now is the time
00:50for the U.S. and China to work together.
00:52We should be talking to each other, instead of cooperating with each other.
01:08Daines, who previously spent six years in China while at Procter & Gamble, also met
01:13with China's top economic official, Vice Premier He Lifeng.
01:18In that meeting, Daines' office says the senator urged Beijing to stop the flow of
01:23chemicals for the potent opioid fentanyl, a key issue for Washington and a reason behind
01:30its steep tariffs.
01:34Trump is set to detail closely watched reciprocal levies on its trading partners next week,
01:40an occasion Trump is calling Liberation Day in America.
01:44The U.S. president has suggested there may be room to negotiate with China.
01:49Well, I'll be speaking to President Xi, I have a great relationship with him, we're
01:53going to have a very good relationship.
01:55I don't change, but the word flexibility is an important word.
01:58Sometimes it's flexibility, so there'll be flexibility, but basically it's reciprocal.
02:05In Beijing, some signs of market confidence from global executives.
02:10The head of automaking giant Mercedes-Benz announced over 1.9 billion U.S. dollars in
02:16new products and technology in China.
02:20Others pointed to opportunities in AI, a sensitive technology central to stiff U.S.-China competition.
02:26We have to recognize that the world's economy is in the midst of a massive transformation
02:35which is driven by many aspects, and one of the most important ones might be technology
02:42and artificial intelligence in particular.
02:45Some CEOs are expected to meet Chinese President Xi Jinping later this week.
02:50Meanwhile, the prospects of a higher-level talk between Trump and Xi are still unclear,
02:56as Washington's reciprocal tariff launch date quickly approaches.
03:01Ethan Pan and Joyce Thin for Taiwan Plus.