(Pawonation.com) -- Global CEOs including Qualcomm Inc.’s Cristiano Amon and Saudi Aramco’s Amin Nasser will travel to Beijing for an annual gathering of top executives, people familiar with the matter say, with some expected to meet top leaders like President Xi Jinping.
According to sources who requested anonymity due to the sensitivity of the matter, plans are underway for the CEOs to meet with Xi on March 28. However, they noted that these details could still change.
Individuals who have participated in the event In previous China Development Forums, For instance, executives like Steve Schwarzman from Blackstone Inc., Albert Bourla from Pfizer Inc., and Rajesh Subramaniam from FedEx Corp. are anticipated to participate once more this year, as per the sources. The conference will take place from March 23-24.
The Republican senator Steve Daines, who serves on the Foreign Relations Committee, plans to hold discussions with a high-ranking Chinese official and U.S. business delegates on Saturday, according to several sources. In a post on social media, Daines mentioned that among his priorities would be addressing "the influx of lethal fentanyl into our country," an issue previously highlighted by President Donald Trump as grounds for imposing tariffs on China.
The Financial Times initially reported about Daines’s visit and the possible meeting between Xi and the chief executive officers. The Foreign Ministry in Beijing as well as the CDF organizers did not respond promptly to requests for comments.
China’s scheduled engagement with prominent business leaders highlights its messaging that the country remains open for commerce—a stance that stands in contrast to President Trump’s more isolationist "America First" approach. Additionally, Beijing aims to position itself as an advocate for private enterprises, exemplified by President Xi’s recent notable encounter with businessmen such as Alibaba founder Jack Ma.
Xi aims to attract more foreign investments. outflows And ongoing economic frailty. The objective set by his administration for an approximate 5% growth in economic output this year might be jeopardized by additional tariffs imposed by Trump, measures that could force Beijing to implement extensive stimulation efforts they have thus far refrained from using.
Last week, China implemented retaliatory tariffs on various U.S. products, affecting items such as beef, poultry, and grain. Efforts for high-level discussions between the nations seem stalled, with representatives seemingly speaking different languages and unable to reach consensus on how to move forward.
Beijing officials claim that the U.S. hasn't provided specific actions expected from China regarding fentanyl before lifting the tariffs. However, Trump’s team disputes this, citing communications transmitted via diplomats based in Washington D.C.
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The CDF started in 2000 with the backing of then-Premier Zhu Rongji, serving as a platform for high-level dialog between China and the world. Some of the CEOs will likely also attend the Boao Forum for Asia in the southern province of Hainan, which runs March 25-28. And the HSBC Global Investment Summit in Hong Kong is March 25-27.
Last year, a select number of U.S. corporate executives received an eleventh-hour invitation to meet with Xi. This session extended beyond 90 minutes, during which participants posed queries and Xi responded accordingly. During the discussion, Xi expressed his view that there was no necessity for economic separation between Washington and Beijing, emphasizing instead his desire for increased investment from American companies in China.
Prior to the pandemic, Xi used to have more frequent meetings with business leaders at events like Boao.
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