Channel NewsAsia
AsiaPac · 17 mins ago
China's Xi to bring large CEO delegation on US visit: Sources
BEIJING: President Xi Jinping is preparing a large business delegation to accompany him on his visit to Washington, two sources said, an unusual move given US scepticism towards Chinese investment and Beijing's strained ties with private enterprise.Xi rarely travels abroad with corporate executives, many of whom fell out of favour after Beijing's regulatory crackdowns on the technology, education and property sectors that began in 2020.The planned business delegation for the Sep 24 summit has not been previously reported. Reuters could not determine which executives would join the delegation.The move is aimed in part at signalling China's willingness to support investment and commercial ties with the US, while offering the White House some potential economic wins ahead of midterm elections
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