New Delhi

Chinese Premier Li Qiang has extended an invitation to Samsung Chairman Jay Y. Lee for increased investment in China, signalling a strong desire for deepened economic ties despite the prevailing geopolitical tensions.

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This message was conveyed during a meeting in Seoul, as reported by state news agency Xinhua.

Premier Li's meeting with the Samsung executive occurred in the lead-up to a trilateral summit involving South Korea, Japan, and China, marking the first such talks between the three Asian nations in over four years.

The summit highlights regional cooperation amid complex international dynamics.

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Over the past six years, Samsung Electronics has invested approximately $24 billion in the Chinese market, reflecting its major footprint in the region.

However, the company has faced increasing challenges due to the escalating US-China trade tensions, particularly as Washington implements export controls aimed at limiting China’s access to advanced semiconductor technology.

During the bilateral discussions, Premier Li reiterated his earlier statements made in a meeting with South Korean President Yoon Suk Yeol.

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He encouraged more Korean companies to enhance their investment and business operations in China.

Li emphasised the importance of collaboration between Beijing and Seoul to ensure the stability of industrial supply chains, a critical component in maintaining economic resilience amid global uncertainties.

Samsung's investments in China highlights that the company must steer through pressures from US policies and Chinese market expectations.

The invitation from Premier Li could be seen as an attempt to strengthen economic ties and offer reassurances to foreign businesses operating in China.

(With inputs from Reuters)