China’s Xi Jinping to Meet U.S. CEOs in Beijing Next Week
Chinese leader Xi Jinping plans to meet a group of U.S. business leaders next week after a government-sponsored forum as Beijing steps up efforts to woo American firms amid an exodus of foreign capital. The meeting with China’s top leader is set for Wednesday, and insurer Chubb’s CEO, Evan Greenberg, along with Stephen Orlins, president of the National Committee on U.S.-China Relations, and Craig Allen, president of the U.S.-China Business Council, are expected to attend, people familiar with the matter said.
The list of participants is still being completed and the people said that Beijing could cancel the Xi meeting at the last minute. The sponsor of the meeting, China’s State Council, didn’t respond to a request for comment. U.S.
executives are heading to the Chinese capital this weekend for the China Development Forum, an annual gathering where global business leaders rub shoulders with Chinese policymakers. The two-day meeting is slated to start on Sunday. The topics set to be discussed include China’s economic growth, artificial intelligence and climate change, according to a draft agenda seen by The Wall Street Journal.
This year’s forum takes place as the world’s second-largest economy faces headwinds including an economic slowdown, weak consumption and declining private-sector investment in China. Foreign companies are also seeking reassurances from Beijing about inconsistent regulation and rising operational risks. After keeping a low profile at last year’s forum, American CEOs will be back in force this year.
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