1 hr ago
Xi Jinping Plans Large CEO Delegation for Washington Summit
China’s leader, Xi Jinping, may visit Washington on September 24.
He is expected to bring many Chinese company leaders with him.
This would be unusual because Xi does not often travel with business executives.
China may want to show that it is willing to do more business with the United States.
The visit could also give the White House some economic announcements to share.
However, the two countries still disagree about tariffs, technology, investment and exports.
They are discussing which goods should be treated as less sensitive.
People familiar with the talks do not expect a major agreement at the summit.
The names of the executives who might attend have not been announced.
Xi Jinping is preparing a large business delegation for a planned September 24 visit to Washington, according to two sources.
The delegation would signal China’s support for investment and commercial ties with the United States, while potentially offering economic gains to the White House.
The executives’ identities remain unknown, and Xi rarely travels abroad with corporate leaders.
The summit is expected to produce limited breakthroughs amid disagreements over trade, investment and “non-sensitive” goods.
U.S. priorities include securing rare-earth export licenses and progress on a proposed Board of Trade, while China seeks further tariff relief.
- Who
- Chinese President Xi Jinping, Chinese business executives and U.S. officials are involved.
- What
- Xi is preparing a large business delegation for a planned U.S. visit and summit focused on trade and investment ties.
- Where
- Washington, United States; the location of the early-September talks has not been determined.
- When
- The summit is planned for September 24; further talks among U.S. and Chinese officials are expected in early September.
- Why
- China aims to signal support for investment and commercial ties, while the United States is seeking progress on trade, rare-earth licenses and other bilateral concerns.
China’s Signaling and Trade Goals
U.S. Priorities and Investment Concerns
Role of business executives
China’s Signaling and Trade Goals
China appears to view a large CEO delegation as a way to demonstrate support for investment and commercial ties with the United States.
U.S. Priorities and Investment Concerns
U.S. officials and experts may welcome meaningful executive participation, but Chinese investment and business operations face increased scrutiny in the United States.
Summit expectations
China’s Signaling and Trade Goals
Beijing is seeking further tariff relief and has discussed reciprocal tariff reductions covering $30 billion in products.
U.S. Priorities and Investment Concerns
Washington is prioritizing a proposed Board of Trade, more rare-earth export licenses and Chinese compliance with previous agreements.
Potential deliverables
China’s Signaling and Trade Goals
China and the United States are discussing about 10 categories of goods that could qualify as “non-sensitive,” although the list may change.
U.S. Priorities and Investment Concerns
Sources said the Board of Investment is unlikely to produce significant deliverables because of the challenging U.S. environment for Chinese investment.
Key facts
- Planned summit
- September 24 in Washington
- Potential delegation
- A large group of Chinese business executives; identities have not been disclosed
- Previous comparable visit
- Xi Jinping last brought a sizeable business contingent to the United States in 2015
- U.S. trade priority
- Securing more rare-earth export licenses for U.S. companies
- China’s position
- Beijing has pressed for further tariff relief and discussed reciprocal reductions covering $30 billion in products
- Expected outcome
- Sources described expectations as modest, with limited prospects for a major breakthrough
- Early-September talks
- U.S. Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer and Chinese Vice Premier He Lifeng are expected to discuss summit deliverables
Quotes
Scott Kennedy
Chinese business expert at the Center for Strategic and International Studies
“My sense is that the Chinese… are going to be more intentional about the role of these business people in having them join the delegation”
theprint.in
Sources
Related news
Trump Says He Will Host Xi Jinping at September Summit
Trump Says Xi Will Visit United States Within Two Weeks
Xi Jinping Expected in Delhi for BRICS Summit
Xi’s Foreign Tour Pitches China’s Leadership Ahead of Trump Meeting
Xi Jinping May Visit India With 400 Officials For BRICS
Evening News Guide: India, China, Sanctions, Courts, Sports, Culture
Vietnam pitches tech-led growth and higher-value US partnership
US Lawmakers Discuss Stronger Strategic Ties With India
Eric Trump Faces Mockery Over Passport Featuring His Father
World Bank Executive Director Rejects Claim India Grew 2.6%
