Chinese Premier Li Qiang hosted a delegation from the US-China Business Council, led by Visa CEO Ryan McInerney, at the Great Hall of the People in Beijing this week. During the meeting, Li encouraged American companies to expand their operations within China, signaling a desire to stabilize the economic relationship between the two nations.

Li explicitly stated that the Chinese government intends to address the 'reasonable concerns' held by US firms operating in the country. However, he also emphasized that this effort should be met with reciprocity from Washington. The meeting serves as a diplomatic precursor to the anticipated visit of President Xi Jinping to the United States later this month. While the tone of the meeting was cooperative, the specific nature of the 'reasonable concerns' was not detailed in the report, nor were the specific actions Washington is expected to take in return.