In addition to investment and fundraising opportunities, the region’s access to talent, low taxes, reasonable cost of living and visa schemes are draws, participants say.
The talks come amid concerns about China s growth, as the world s second biggest economy struggles with a property sector crisis and prospects of sagging productivity.
US Senate Majority Leader Chuck Schumer is leading a bipartisan congressional delegation on a trip to China, South Korea, and Japan to advance US economic and national security interests. The group aims to meet Chinese President Xi Jinping and discuss reciprocity for US businesses in China, as well as maintaining US leadership in advanced technologies for national security.