China eyes more investment by Samsung – Li Qiang

Chinese Premier Li Qiang met with Samsung Chairman Jay Y. Lee in Seoul, to discuss potential investment opportunities for the Korean conglomerate in China, Reuters reported on Sunday.

The meeting took place before a trilateral summit involving Chinese Premier Li, South Korean President Yoon Suk Yeol, and Japanese Prime Minister Fumio Kishida—the first of its kind in over four years.

Samsung Electronics has invested $24 billion in the Chinese market over the past six years, as reported by China Daily. Despite this significant investment, the company has faced challenges in the region.

Li’s meeting with a Samsung executive showed his support for Korean companies investing in China and emphasised the need for co-operation between Beijing and Seoul in maintaining stable supply chains.