The Globe and Mail reports in its Wednesday edition that Chinese Premier Li Qiang said on Tuesday the Chinese economy was open for business and highlighted its potential for foreign investment, saying the world needed to pull down barriers to competition and trade to tackle global challenges. A Reuters dispatch to The Globe says that as China grapples with a sluggish postpandemic recovery and a real estate slump, overseas executives have grown concerned about its long-term growth prospects for the first time in the four decades since Beijing opened it up to foreign investment. Mr. Li said in a keynote speech to business leaders at the World Economic Forum (WEF) in Davos that the Chinese economy had rebounded and moved upward, and was estimated to have grown around 5.2 per cent in 2023, above the official target of around 5 per cent. He said China's economy was making steady progress. Mr. Li later met business and finance leaders including JPMorgan chief executive officer Jamie Dimon, Bank of America CEO Brian Moynihan, Standard Chartered CEO Bill Winters and Blackstone CEO Steve Schwarzman. Businesses have long expressed worries about tightening regulations in China and how state-owned companies have the advantage.