Japanese executives absent from China’s key annual summit amid tensions

No Japanese business executives will attend the China Development Forum (CDF) in Beijing this week amid ongoing diplomatic friction with China, according to an internal list seen by the South China Morning Post. Nearly 80 top executives from foreign firms, mainly from the US, are set to join the two-day event. Some Middle East CEOs cancelled due to the Iran war disrupting travel.

As diplomatic friction between China and Japan continues, no Japanese business executives will attend a key forum of multinational companies in Beijing this coming week, according to an internal list seen by the South China Morning Post. Nearly 80 top executives from major foreign corporations, with those from the US making up the largest group, will attend the China Development Forum (CDF) from Sunday to Monday. Key figures set to attend include Apple’s Tim Cook, Volkswagen’s Oliver Blume and Samsung Electronics’ Lee Jae-yong. Other major corporations sending representatives this year include TotalEnergies, Mercedes-Benz, Maersk, SK Hynix, Siemens, Broadcom, Cargill and AstraZeneca. Meanwhile, some foreign CEOs – including a few from the Middle East – who had been invited and scheduled to attend the annual event cancelled their trips, as the Iran war interrupted international travel and their operations at home, according to multiple sources.

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Zhao Leji speaking at Boao Forum for Asia, vowing further opening-up amid international delegates.
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Zhao Leji vows further opening-up at Boao Forum

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Zhao Leji, chairman of China's National People's Congress Standing Committee, reaffirmed commitments to high-standard opening-up and domestic demand in a keynote speech Thursday at the Boao Forum for Asia Annual Conference 2026 plenary. The event in Boao, Hainan province, themed "Shaping a Shared Future: New Dynamics, New Opportunities, New Cooperation," drew over 1,600 representatives from more than 60 countries and regions.

In a sign of deepening China-South Korea business ties amid the state visit of President Lee Jae-myung starting Sunday, South Korean executives are set to engage with Beijing, while Japanese firms have postponed trips due to fallout from Tokyo's Taiwan remarks.

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The Japan-China Economic Association, comprising Japanese business groups including Keidanren, has announced the postponement of a planned delegation to China in January. The decision stems from China's heightened opposition to Prime Minister Sanae Takaichi's remarks on a Taiwan contingency, complicating arrangements for meetings with officials. This marks the first such disruption in over 13 years due to political tensions between Asia's two largest economies.

Japan's government is hosting the inaugural Tokyo Economic Security Forum on December 15 in Tokyo. Amid global uncertainties from the US-China trade war and high tariffs under the Trump administration, experts from around the world will discuss securing strategic materials and protecting supply chains. The importance of public-private collaboration is highlighted.

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Conflict in the Middle East and global turbulence following US-Israeli strikes against Iran have prompted foreign investors to seek certainty in China. Speakers at the China Development Forum highlighted this trend.

China and the US are likely to secure several “very positive” outcomes but not a “grand bargain” at their presidential summit in Beijing in April, according to James Zimmerman, board chief of the American Chamber of Commerce in China. He said discussions are underway about Beijing setting up a fund to encourage Chinese investors to make manufacturing investments in the US, similar to those encouraged from Japan, Taiwan, and South Korea. China has shown receptiveness to such proposals but would require “protection” in return.

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At the Munich Security Conference, France's Jean-Noel Barrot and Germany's Johann Wadephul met with China's Wang Yi in trilateral talks to counter US-China divide-and-rule tactics and bolster European unity. This revives a format not seen since Emmanuel Macron's first term.

 

 

 

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