"Xi Jinping to Meet with US Business Leaders in Beijing Next Week"

Chinese President Xi Jinping is scheduled to meet with U.S. business leaders after hosting the China Development High-Level Forum in Beijing next week, the Wall Street Journal (WSJ) reported on the 21st (local time). Amid accelerating outflows of foreign investment capital from China, President Xi is expected to emphasize his commitment to opening up and urge investment by meeting directly with business figures.

[Image source= Xinhua News Agency]

According to the report, President Xi will meet on the 27th in Beijing with U.S. figures including Evan Greenberg, CEO of insurance company Chubb; Stephen Orlins, President of the National Committee on U.S.-China Relations; and Craig Allen, President of the U.S.-China Business Council. These individuals are visiting China this weekend to attend the Development Forum scheduled for the 24th to 25th.

The WSJ explained, "The meeting with President Xi after the forum is a follow-up to the dinner held last November in San Francisco by the National Committee on U.S.-China Relations and the U.S.-China Business Council," adding, "It is a rare meeting following the forum amid headwinds facing the Chinese economy." This meeting serves as an occasion for the top leader, President Xi, to personally meet with U.S. business leaders to urge investment and demonstrate a willingness to open up in order to find a breakthrough for economic stagnation. However, the outlet also noted that although President Xi met with U.S. business magnates such as Elon Musk, CEO of Tesla, and Larry Fink, CEO of BlackRock, at the dinner last November, it failed to provide any reassurance to the business community, which has faced difficulties due to strained bilateral relations and uncertainties in the Chinese market.

The Development Forum next week draws attention as it is held while China, the world's second-largest economy, is under pressure from economic recession, slowing consumption, and declining private investment. This year's forum is expected to discuss China's economic growth, artificial intelligence (AI), and climate change.

According to a draft list of attendees for this year's Development Forum obtained by WSJ, 34 of the total 85 top business leaders are representatives of U.S.-based multinational corporations. This is a sharp increase compared to the 23 U.S. corporate representatives who attended last year's forum. Major CEOs expected to attend include Tim Cook of Apple, Stephen Schwarzman of Blackstone, Ken Griffin of hedge fund Citadel, and Noel Quinn of HSBC. Additionally, Sanjay Mehrotra of Micron Technology, Lisa Su of AMD, and Darren Woods of energy company ExxonMobil are also anticipated to participate.

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