China's Xi scores 'propaganda coup' with US CEOs
foxbusiness.comStephens Inc. Executive Vice President Mary Kissel discusses how Biden can take advantage of China's troubled economy on 'Making Money.'
China’s President Xi Jinping, fresh off his meeting with President Biden this week, was greeted with applause at a dinner in San Francisco with America’s biggest CEOs topping the guest list.
Apple CEO Tim Cook, Tesla’s Elon Musk, BlackRock’s Larry Fink and FedEx CEO Rajesh Subramaniam were among the executives in attendance, along with high level executives from Boeing and Honeywell, as well as Commerce Secretary Gina Raimondo.
Some business leaders reportedly shelled out nearly $40,000 to dine with Xi — as highlighted by Rep. Mike Gallager (R-WI) via X — who made his first trip to the U.S. in over six years to attend the Asia-Pacific Economic Cooperation summit.
Critics say the event is a win for China and not the U.S, economy.
«Xi Jinping faces the worst economic environment in probably 40 years, and that’s why you see him coming over to court U.S. CEOs» said Mary Kissel, executive vice president, Stephens Inc., during an interview on FOX Business Network. «I think this is a propaganda coup for him and I don’t think it has any economic significance at all» she said.
Chinese President Xi Jinping speaks at the «Senior Chinese Leader Event» held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco on Nov. (REUTERS/Carlos Barria/Pool)
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