Apple CEO Tim Cook dinner and Tesla CEO Elon Musk are a few of the high-profile names anticipated to attend a dinner hosted for US President Joe Biden and Chinese language President Xi Jinping in San Francisco. The dinner, hosted by the Nationwide Committee on US-China Relations and the US-China Enterprise Council, takes place throughout the thirtieth Asia-Pacific Financial Cooperation (APEC) summit on Wednesday.
The discussion board is anticipated to be attended by a whole lot of enterprise leaders from numerous sectors similar to banking and know-how, whereas President Xi may ship a speech, CBS Information reported.
In accordance with a Bloomberg report, prime enterprise leaders attending the dinner embrace Tim Cook dinner, Elon Musk, BlackRock CEO Larry Fink, Blackstone CEO Steve Schwarzman and Visa CEO Ryan McInerney.
Different tech leaders anticipated to attend embrace Qualcomm CEO Cristiano Amon and Broadcom CEO Hock Tan, the Bloomberg report mentioned, citing sources.
Particulars of the dinner have been scarce, with the hosts offering little readability on the Chinese language leaders attending and the situation of the occasion. Nevertheless, a few of Xi Jinping’s ‘outdated buddies’ from Iowa have reportedly been invited to the high-profile occasion.
The dinner with enterprise leaders will give the Chinese language president a chance to spice up declining US funding in his nation. In the meantime, it is going to even be an opportunity for prime entrepreneurs to rub shoulders with the chief of the world’s second-largest economic system.
China is a key market for a lot of prime US firms, together with Apple, which derives round a fifth of its income from China and manufactures a variety of gadgets within the nation. Nevertheless, amid rising tensions between Washington and Beijing, the Cupertino-based tech large has been caught in a bind with the Chinese language authorities blocking using iPhones and different international know-how in state-backed firms. Competitors from home-grown Huawei has additionally led to a latest slowdown in Apple’s gross sales in China.
(With inputs from Bloomberg)
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Up to date: 16 Nov 2023, 07:37 AM IST
