Chinese President Xi Jinping speaks at an event held by the National Committee on U.S.-China Relations and the National Committee on U.S.-China Business during APEC Leaders Week in San Francisco, California, on November 15, 2023.
Carlos Barria | AFP | Getty Images
BEIJING – Chinese President Xi Jinping told top U.S. executives on Wednesday that bilateral relations can improve and pledged that Beijing will continue its efforts to improve the business environment.
“In the past few years, Sino-US relations have experienced some setbacks and severe challenges, and lessons are worth learning,” the official English readout of Xi’s speech said. “China-US relations cannot return to the past, but they can embrace a brighter future.”
The statement read: “Whether it is in traditional areas such as trade and agriculture, or in emerging areas such as climate change and artificial intelligence, China and the United States should help rather than hinder each other’s development.”
black stone Chairman and CEO Stephen Schwarzman, Qualcomm President and CEO Cristiano Amon, National Council on U.S.-China Relations Chairman Evan Greenberg, Founding Dean of the Harvard Kennedy School of Government Graham Allison, National Council on U.S.-China Business Council Chairman Craig ·Allen and others attended. According to the reading.
The U.S.-China Business Council said in a press release “It is an honor to be invited to participate in a dialogue with President Xi to discuss our concerns about declining trade, investment and business confidence, and our desire to help improve engagement and commercial exchanges between our two countries. “
The committee said it emphasized China’s need to enhance the role of consumption in the economy.
China has set a growth target of around 5% this year. The authorities regard promoting industrial development as a top priority while vigorously supporting consumption.
In a Chinese statement, Xi Jinping described China’s economy as “healthy and sustainable” and refuted some predictions that China was about to “peak.”
China’s Foreign Minister and top diplomat Wang Yi, National Development and Reform Commission Director Zheng Shanjie and Commerce Minister Wang Wentao also attended the meeting, according to state media.
fedex Confirmed that its president, Rajesh Subramaniam, was among those who met with Xi on Wednesday. Blackstone and Qualcomm did not respond to CNBC’s requests for comment. The National Committee on U.S.-China Relations did not issue a statement.
“I applaud (Xi Jinping) for his personal involvement in U.S.-China relations, including meetings like this. Participation is how you build relationships and share knowledge,” said Greenberg, the committee’s chairman. Speech broadcast on Chinese state television.Greenberg also serves as chairman and CEO of the insurance company Chubb.
Working under foreign business conditions
The U.S.-China Business Council’s press release also said that during the meeting with Xi, China was “encouraged” to “further address long-term issues such as cross-border data flows, government procurement, better protection of intellectual property rights, and greater regulatory transparency and predictability.” Existential worries”.
Last Friday, the Cyberspace Administration of China officially relaxed the With the release of once stringent data export requirements The long-awaited new rules.
“China’s reform will not stop, and China’s opening up will not stop,” the official reading of President Xi’s speech said. China is planning to implement a series of major measures to comprehensively deepen reforms and steadily create a market-oriented, legal and world-class business environment, which will create broader development space for companies from various countries, including the United States.
Xi Jinping previously addressed a similar group of U.S. business executives at a dinner hosted by the National Council on U.S.-China Business and the National Council on U.S.-China Relations in San Francisco in November. That dinner came after Xi Jinping met with U.S. President Joe Biden earlier in the day.
“The most important understanding reached by Xi Jinping and President Biden at last year’s San Francisco meeting was the need to stabilize and improve Sino-U.S. relations,” said a Chinese report on Wednesday’s meeting with U.S. business leaders.
The report described bilateral commercial relations as a “new and ever-changing situation” and called on both sides to “follow economic and market rules”, “expand and deepen mutually beneficial commercial cooperation” and “respect each other’s rights to development”.
Biden, who is running for re-election in November, has issued incentives to boost U.S. industry, and his administration has also used export controls to restrict U.S. companies from selling advanced semiconductor technology to China.
U.S. Treasury Secretary Janet Yellen told MSNBC On Wednesday, she planned to discuss concerns about the global impact of China’s manufacturing overcapacity during her upcoming trip to China.
Separately, on Thursday, the U.S. Consulate General in Wuhan held an opening ceremony for its new facility in the city, which will provide non-immigrant visa interview services, among other functions.
About The Author
