The following is an op-ed writen by Lizzi C. Lee, Fellow on Chinese Economy at CCA, and published in Foreign Policy.

On March 28, Chinese President Xi Jinping met with more than 40 executives from some of the world’s most prominent multinational companies. Held at Beijing’s Great Hall of the People, the meeting capped off the China Development Forum and served as a high-profile engagement with foreign business leaders at a time when many companies—and governments—are reassessing the risks and rewards of their exposure to the Chinese market.

Xi previously called together Chinese CEOs for a highly publicized meeting in which he offered greater protection for the private sector, hoping to prop up a shaky economy. This time, it was the foreigners’ turn. It wasn’t the first time Xi has convened such a group. But both the makeup of this year’s delegation and the tone of Xi’s remarks offered a clearer glimpse into how the Chinese leadership is recalibrating its approach to global business engagement at a time when the future seems both chaotic and up for grabs.

Read the full article here.