Xi Jinping to meet US business leaders for dinner in San Francisco: Report | World News - Hindustan Times
close_game
close_game

Xi Jinping to meet US business leaders for dinner in San Francisco: Report

Bloomberg |
Nov 08, 2023 03:59 PM IST

Hundreds of people are expected to attend the dinner for Xi organized by US business groups, including chief executive officers of major US companies.

Chinese President Xi Jinping is set to be the guest of honor at a dinner with top US business executives when he visits San Francisco for the Asia-Pacific Economic Cooperation summit next week, according to people familiar with the matter.

Chinese President Xi Jinping delivers a speech at an event.(AP)
Chinese President Xi Jinping delivers a speech at an event.(AP)

Hundreds of people are expected to attend the dinner for Xi organized by US business groups, including chief executive officers of major US companies, said the people, who asked not to be identified as they aren’t authorized to speak about it.

Hindustan Times - your fastest source for breaking news! Read now.

The US and China have been working to stabilize relations this year. Officials from both nations — including US Treasury Secretary Janet Yellen, Secretary of State Antony Blinken and Chinese Foreign Minister Wang Yi — have been traveling to meet their counterparts in recent months to help lay the groundwork for the expected meeting between Joe Biden and Xi Jinping at the APEC summit.

China hasn’t announced Xi’s attendance at APEC, though the White House has said the leaders of the world’s two largest economies will meet. Last month, Wang said the two nations cannot rely on “autopilot” to achieve a meeting.

On Wednesday, Blinken said the US and China were still working on plans “for a constructive meeting between the leaders.”

Read more: Antony Blinken says Israel shouldn't 'reoccupy' Gaza: ‘Not now, not after war’

“Both sides have acknowledged the importance of leader-level channels in managing the relationship, and we both agree that we have an obligation, the United States and China, to responsibly manage the relationship,” the top US diplomat said while attending a Group of Seven foreign ministers’ meeting in Japan. “And that really, in many ways, starts and finishes with leader-level engagement.”

High on the list of priorities for Xi during his US visit is calming foreign investors. Recent surveys show western executives in China are increasingly nervous about doing business there, due to a growing list of headaches ranging from geopolitical tensions and a slowing economy to detention of employees.

Before the APEC leaders’ meeting, a CEO summit will be held Nov. 14-16 featuring speakers including the head of ExxonMobil Darren Woods, Pfizer CEO Albert Bourla and Microsoft chief Satya Nadella. A gala reception is set for Nov. 15.

China’s State Council Information Office didn’t immediately respond to a request for comment.

Biden and Xi last met at the Group of 20 summit in Bali a year ago, but an agreement to improve ties was derailed when a suspected Chinese spy balloon flew over the US. Both sides have reasons now to reduce the turbulence: Biden is seeking stability as he gears up for an election next year, while China wants to attract more foreign investment to reinvigorate its slowing economy.

The two countries have been stepping up talks on a number of issues ahead of the leaders’ meeting, including on climate cooperation, nuclear arms control and maritime issues. Secretary of Defense Lloyd Austin is looking to meet his Chinese counterpart this month, even though the Chinese position is vacant after the previous minister, Li Shangfu, was ousted last month.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away! - Login Now! Get Latest World News along with Latest News from India at Hindustan Times.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Sunday, February 25, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On