The CEOs of some of America’s biggest companies are in China this week to take the pulse of one of their top markets after the country reopened following nearly three years of pandemic restrictions.
Elon Musk of Tesla, Laxman Narasimhan of Starbucks and Jamie Dimon of JPMorgan are among the big names in town.
They follow a string of visits in recent months from the leaders of Apple, Samsung, Aramco, Volkswagen, HSBC, Standard Chartered and Kering.
The CEO parade in the world’s second largest economy highlights the importance of China for many blue-chip firms. But what executives are finding as they touch down is a more complex business environment characterized by a crackdown on international consulting firms, geopolitical tension and an uncertain investment outlook.