On January 18, 2024, Chinese Vice Premier He Lifeng, a prominent member of the Communist Party of China Central Committee’s Political Bureau, met with former U.S. Secretary of Treasury Timothy Geithner, Warburg Pincus Chairman, in Beijing. The high-profile meeting covered China-U.S. ties, China’s economy, capital markets, and other important issues.
Photo from: YouTube
Economic Resilience and High-Quality Development
Vice Premier He Lifeng emphasized China’s strong economic recovery and promising future prospects. China’s commitment to economic resilience and progressive growth was likely discussed in terms of strategies to maintain and improve this momentum.
Vice Premier emphasizes China’s dedication to global cooperation. He emphasized the nation’s openness to the world. He invited Warburg Pincus to join in China’s capital market activities, emphasizing a market-oriented, law-based, and internationalized corporate environment. This shows China’s desire for mutually beneficial international partnerships.
Warburg Pincus’ Timothy Geithner emphasized the company’s dedication to the Chinese market. Warburg Pincus has operated in China for 30 years, and Geithner said the company is committed to growing there. This promise supports China’s goal of attracting and retaining long-term foreign investments.
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Bilateral Dialogue on China-U.S. Relations
Vice Premier He Lifeng and Timothy Geithner likely discussed current relations. As representatives of their nations, they may have discussed diplomatic strategies, economic cooperation, and problem-solving methods to improve understanding.
Vice Premier He invited Warburg Pincus to aggressively build China’s capital market, emphasizing the necessity of foreign partnership in economic success. China and Warburg Pincus may collaborate on global economic trends and breakthroughs due to their shared interest in capital market development.
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