Chinese President Xi Jinping offers cooperation, reassurance during US business dinner with détente on the menu

“The hope of China-US relations lies with our peoples,” Chinese President Xi Jinping told American business leaders at a dinner in San Francisco on Wednesday as he offered assurances to foreign investors about China’s tightening business controls and concerns about bilateral tensions.

Xi told an audience of about 400, “[it was] “Our Peoples Reaching Out to Each Other” event hosted by the National Committee on United States-China Relations (NCUSCR) and the United States-China Business Council (USCBC) of the Apec summit in San Francisco.

Xi also said China hopes to host 50,000 young Americans in exchange and study programs over the next five years. This proposal a bilateral meeting Earlier on Wednesday, with US President Joe Biden, Xi said.

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Xi Jinping and Joe Biden hold talks on the sidelines of the Apec summit to ease strained US-China relations

Xi Jinping and Joe Biden hold talks on the sidelines of the Apec summit to ease strained US-China relations

“I am sure that once the door of China-US relations is opened, it cannot be closed again. “Once it starts, the cause of China-US friendship cannot be broken.”

“The more difficulties there are, the more we need to build closer ties between our peoples and open our hearts to each other,” Xi said, adding that the two countries had agreed to increase the number of flights and speed up visas. procedures and promoting high-level dialogue to expand tourism.

But Xi also expressed hope that the US side would adhere to mutual respect, peaceful coexistence and other “fundamental principles”. win-win cooperation.

Apple CEO Tim Cook, Salesforce CEO Mark Benioff and Bridgewater Associates co-chairman Ray Dalio were among the guests at the evening gathering at the Hyatt Regency in the city’s financial district. US Commerce Secretary Gina Raimondo and US Ambassador to China Nicholas Burns also participated in the dinner, whose tickets cost 2,000-40,000 US dollars.

Xi and Biden set the stage for talks on stabilizing China-US relations

The menu includes a salad of local vegetables, Angus steak with mashed sweet potatoes, asparagus, broccoli and green garlic pesto, or vegetable curry with jasmine rice. Dessert was a butter cake filled with seasonal fruits and berries and custard.

The Chinese leader said that his country respects the “historical, cultural and geographical position” unique to the United States, and expressed hope that the American side will respect the “way of socialism with Chinese characteristics.”

“China never bets to lose to the United States, never intervenes Internal affairs of the United States and has no intention of challenging or replacing it United States of Americaand I would be happy to see a confident, open, developing and prosperous United States,” Xi said.
Guests have paid up to $40,000 to dine on Angus steak with the Chinese president. Image: Handout

“Similarly, the United States should not bet against China or interfere in China’s internal affairs. Instead, he should welcome a peaceful, stable and prosperous China.”

Despite recent reports of China’s economic slowdown, Xi said the country is still a “mega economy and a mega market” and that “modernization for the 1.4 billion Chinese great opportunity What China offers to the world.”

He also reaffirmed China’s commitment to its opening-up and modernization strategy and reiterated China’s hope to achieve carbon neutrality by 2060, a commitment it made two years ago during the UN General Assembly.

“We are ready to continue our cooperation We are negotiating with the US on panda protection, and we are doing our best to fulfill the wishes of Californians to deepen the friendship between our two peoples,” Xi added.

Raimondo said that Washington does not seek conflict or escalation of tensions with China.

He thanked Xi for his cooperation in combating drug trafficking like fentanyl, saying the move would save American lives. Last year, more than 70,000 Americans died of opioid overdoses. The U.S. Drug Enforcement Administration says most of the fentanyl flowing into the U.S. is found in illegal labs in China and India.

“A growing China that plays by the rules … is a good thing,” Raimondo said. He stressed that the United States, like China, will defend “its national security and value system, which includes diversifying our supply chains, investing in our industrial base, and adopting targeted, precise defenses.” [so] our most sensitive technology… cannot be used against us”.

Expectations for the Xi-Biden summit in Apec have been further lowered by the stalled trade initiative

“[But] The vast majority of our trade and investment relations with China are not related to national security concerns, and we are committed to promoting mutual trade and investment in these areas.

“We need to address the concerns of US businesses, but I think we can do that through frank and direct diplomacy,” he said.

Earlier this week, Representative Mike Gallagher, Republican of Wisconsin and chairman of the bipartisan House Select Committee on the Chinese Communist Party, criticized the incident.

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The venue of the Xi-Baden summit was the location of the 1980s US TV drama “Dynasty”.

The venue of the Xi-Baden summit was the location of the 1980s US TV drama “Dynasty”.

Gallagher said it was “unconscionable” that American business leaders were willing to pay “thousands of dollars” to attend a dinner honoring “the same CCP officials who facilitated the genocide of millions of innocent men, women and children in Xinjiang.”

He asked the NCUSCR and USCBC presidents to provide the committee with a series of documents, including a full list of dinner guests, companies and financial institutions, who sat at the table with Xi, and an explanation of how he profited from it. the event will be separated.

In a statement, NCUSCR and USCBC said the dinner was part of a “co-hosting tradition for leaders from China.”

Both organizations said the event will provide an opportunity for people from both countries to engage constructively with the two leaders to achieve “a more stable and productive US-China relationship.”

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