A high-ranking Chinese official, He Lifeng, met with David Solomon, the CEO of Goldman Sachs, in Beijing on Tuesday, November 4, 2025. This meeting comes on the heels of a significant summit between the leaders of China and the United States in Busan, South Korea, which set the stage for the future of bilateral economic and trade relations. He Lifeng, a member of the Communist Party of China's (CPC) Central Committee and director of the Office of the Central Commission for Financial and Economic Affairs, emphasized the importance of both sides working together to implement the agreements reached during the summit. He believes that this collaboration will bring greater predictability for businesses in both countries, fostering a more stable and sustainable economic environment. He Lifeng also highlighted the potential for China-US trade and economic relations to contribute to global economic stability. He extended a warm welcome to Goldman Sachs, encouraging them to continue their investment and business operations in China. David Solomon, in response, expressed optimism about China's economic prospects and Goldman Sachs' commitment to supporting China's capital markets in their pursuit of high-quality development. This meeting underscores the ongoing dialogue between China and global financial institutions, with a focus on mutual growth and stability. However, it also raises questions about the balance between economic cooperation and political tensions between the two countries. As the world watches, the outcome of this meeting and its impact on global markets will be a topic of much discussion and analysis.
