Fortune Global Forum Message

China’s Guangzhou welcomed tens of corporate leaders from companies including Apple, Ford, Philips and Walmart for the Fortune Global Forum. The overarching message of the forum was: China is open for business. Chinese President Xi Jinping noted that, “China’s door will not close to the world but open wider.” Some fear these messages are contradicting the actions that Beijing is taking against foreign companies. China wants its companies to become world leaders in sectors like electric cars, robotics and drones, and many foreign companies fear they will be put at a massive competitive advantage if they expand to China.