"Chinese President Xi Jinping to Hold Dinner with US Business Representatives at APEC (Comprehensive)"

Invitation Sent to Company CEOs... Participation Fee $2000
Governor to Focus on Improving Foreign Investor Sentiment

Chinese President Xi Jinping is expected to have a dinner with representatives of American companies during the Asia-Pacific Economic Cooperation (APEC) summit held in San Francisco in mid-June. Through this occasion, President Xi is anticipated to ease Western concerns about investment in China while emphasizing cooperation and mutual growth.

Bloomberg reported on the 7th (local time), citing sources, that "hundreds of attendees, including CEOs of major American companies, are expected to join the dinner with President Xi." The Hong Kong South China Morning Post (SCMP) reported that the event is scheduled for the 15th, and the invitation distributed by the US-China Relations National Committee and the US-China Business Council indicated that the participation fee for the dinner was $2,000 (approximately 2.61 million KRW).

[Image source=Yonhap News]

The invitation specified that a keynote speaker would deliver a major speech at the event, but SCMP explained that the identity of the speaker was not explicitly stated. The event is co-sponsored by the Asia Society, the Council on Foreign Relations, and the US Chamber of Commerce. The organizers also urged prompt responses regarding attendance due to high demand.

Prior to the APEC summit, from June 14 to 16, a CEO summit will be held, attended by Darren Woods, Chairman of ExxonMobil; Albert Bourla, Chairman of Pfizer; and Satya Nadella, CEO of Microsoft, among others.

Foreign media have speculated that President Xi will focus on dispelling concerns about investment in China during his visit to the US, including the dinner with the American business delegation. Western companies are deeply concerned about their operations in China due to escalating geopolitical tensions between the two countries, issues such as surveillance balloons, the counter-espionage law, and the detention and investigation of employees from major countries. SCMP reported, "President Xi's top priority is to reassure foreign investors who are increasingly anxious about doing business in China."

At the end of last month, the US and China held a foreign ministers' meeting in Washington DC and reached a principle agreement to hold a bilateral summit at the Asia-Pacific Economic Cooperation summit in San Francisco from June 11 to 17. It is currently reported that the detailed schedule is being coordinated.

If this summit takes place, the leaders of the US and China will meet for the first time in a year since the G20 summit held in Bali last year. Bloomberg added, "Both the US and China have reasons to ease the turmoil. President Biden is seeking stability as he prepares for next year's election, and China wants to attract more foreign investment to revitalize its sluggish economy."

China has not yet publicly disclosed whether President Xi will visit the US. However, it continues to emphasize the importance of cooperation with the US while maintaining high-level contacts such as treasury secretary meetings to increase exchanges. Notably, despite the vacancy in the position following the ousting of former Defense Minister Li Shangfu last month, US Secretary of Defense Lloyd Austin is scheduled to visit China this month.

This content was produced with the assistance of AI translation services.