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Chinese Vice Premier Ding Xuexiang met with global finance and business leaders, including Blackstone CEO Steve Schwarzman, Bridgewater Associates founder Ray Dalio, and JPMorgan CEO Jamie Dimon during a private lunch in Davos, Switzerland. The lunch, hosted by World Economic Forum (WEF) founder Klaus Schwab, was also attended by BlackRock CEO Larry Fink, Standard Chartered CEO Bill Winters, and Visa CEO Ryan McInerney. Several Chinese government officials from the country's delegation in Switzerland also participated.

U.S. financial firms have been eager to maintain strong ties with Beijing amid China's slowing growth. An executive who attended the meeting stated to Reuters, "All the indicators are positive, but the market is waiting to see how much conviction there is and how much follows through."

The executive also mentioned, "There was a determination to complete all the transformations that they (the Chinese) set out." Beijing's primary objectives include stabilizing the property market and boosting domestic demand. Chinese policymakers are ramping up efforts to bolster a weakening economy amid concerns over potential U.S. tariff increases after President Donald Trump's inauguration, where he refrained from immediate action.

Ding addressed concerns raised by foreign companies operating in China and expressed China's commitment to resolving issues faced by both domestic and foreign businesses. He is the second-highest-ranking Chinese official to engage with global business and political leaders at the Davos summit since President Xi Jinping's attendance in 2017.