Eating with US corporations at APEC, Xi says China is able to be a companion

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  • Xi attends dinner with US executives, officers
  • Apple, BlackRock, Pfizer among the many corporations represented
  • Controversy over reported excessive ticket price

The U.S. executives dined with Xi on the margins of the Asia-Pacific Financial Cooperation (APEC) discussion board following a day of talks between the Chinese language chief and U.S. President Joe Biden, aimed toward steadying relations between the world’s two largest economies.

Xi acquired a standing ovation as he entered the room, and two extra earlier than and after he took the stage to talk.

The world wants China and the U.S. to work collectively, and it’s fallacious to view China as a menace and play a zero-sum sport in opposition to it, Xi mentioned in a speech to the viewers, together with some hand-picked by Beijing.

“No matter stage of improvement it might attain, China won’t ever pursue hegemony or growth, and can by no means impose its will on others. China doesn’t search spheres of affect, and won’t combat a chilly conflict or a scorching conflict with anybody,” Xi mentioned.

He assured his viewers that “regardless of how the worldwide panorama evolves, the historic pattern of peaceable coexistence between China and america is not going to change.”

Executives from U.S. company giants corresponding to Apple’s (AAPL.O) Tim Prepare dinner, BlackRock’s (BLK.N) Laurence Fink, Broadcom’s (AVGO.O) Hock Tan, Bridgewater Associates’ Ray Dalio and Pfizer’s (PFE.N) Albert Bourla had been on the dinner tables.

However Xi directed a lot of his speech towards the American individuals and spent little time on business relations with the U.S.

“I wish to let you recognize that China sympathizes deeply with the American individuals, particularly the younger, for the sufferings that fentanyl has inflicted upon them,” he mentioned.

Biden and Xi earlier reached an settlement on working collectively to curb fentanyl manufacturing.


However Gary Dvorchak, whose household hosted Xi in Iowa in 1985 as a younger Chinese language official, and who was invited by Beijing to attend the dinner, mentioned Xi’s look was savvy public relations, permitting the ruling Communist Celebration to indicate his attraction to common individuals.

“It humanizes him and it provides him a capability to indicate a connection to the American individuals and bypass the American media,” Dvorchak mentioned.

Reporting by Michael Martina, Valerie Insinna, Stephen Nellis, Lisa Baertlein, Niket Nishant; Aditional reporting by Ethan Wang and Liz Lee in Beijing; Modifying by Stephen Coates and Josie Kao

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