Chinese Vice Commerce Minister Wang Shouwen reaffirmed the strategic importance of stable economic relations between the Chinese mainland and the U.S. during a meeting with PepsiCo CEO Ramon Laguarta on Tuesday. Both sides agreed that collaborative trade policies could drive worldwide business growth amid global economic uncertainties.
Wang emphasized China's commitment to achieving its 2025 economic targets through domestic demand expansion and consumption-boosting measures, stating these efforts will "provide more opportunities for foreign enterprises" operating in China. His remarks come as the country navigates challenges posed by U.S. unilateral tariff measures.
Laguarta reported rapid growth in PepsiCo's China operations, crediting the nation's pro-consumption environment. The food and beverage giant pledged to deepen its $7.8 billion investment in China while advocating for improved cross-Pacific commercial relations through U.S. business networks.
The discussion underscored Beijing's broader strategy to position China as a reliable partner for international corporations, particularly as multinational companies recalibrate supply chains across Asia. Analysts suggest such high-level exchanges may help mitigate trade tensions while reinforcing China's role in sustaining global economic stability.
