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Economy

Companies bet on Chongqing to woo potential Xi successor

Corporate chiefs pledge more than $10bn in investments at Sunday meeting

Global business leaders gathered Sunday for a meeting of the Mayor of Chongqing's International Economic Advisory Council.

CHONGQING -- Global business leaders visiting the central Chinese city of Chongqing over the weekend, ostensibly to discuss economic matters with Mayor Zhang Guoqing, seemed more interested in currying favor with the city's Communist Party secretary, Chen Min'er, a potential successor to President Xi Jinping, who is eager to rope in foreign investment.

As a close confidant of Xi, Chen is as eager to stand out with decisive action as his predecessor was to dodge the spotlight. Businesses from around the world seem eager to help.

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