Check out the list of tech executives attending the Biden-Xi dinner
Check, among the well-known figures anticipated to attend a dinner in San Francisco organised for US President Joe Biden and Chinese President Xi Jinping are CEOs of Apple and Tesla, Elon Musk, and Tim Cook. During the 30th Asia-Pacific Economic Cooperation (APEC) meeting on Wednesday, the National Committee on US-China Relations and the US-China Business Council are hosting a dinner.
President Xi may also give a speech at the event, which is anticipated to draw hundreds of corporate executives from a variety of industries, including technology and finance, according to CBS News.
A report from Bloomberg claims that Elon Musk, Tim Cook, Larry Fink of BlackRock, Steve Schwarzman of Blackstone, and Ryan McInerney of Visa are among the prominent corporate executives who will be present at the event. According to sources cited in a Bloomberg story, Broadcom CEO Hock Tan and Qualcomm CEO Cristiano Amon are among the other tech executives anticipated to be present. There have been few details released about the dinner, including the venue and the Chinese leaders who are expected to attend, according to the hosts. Still, there are reports that a few of Xi Jinping’s “old friends” from Iowa have received invitations to the prominent gathering.
The Chinese president will have check the chance to increase the US’s decreasing investment in his nation during the dinner with business executives. In the meanwhile, it will be an opportunity for leading businesspeople to mingle with the head of the second-biggest economy in the world. For several leading US corporations, like Apple, which produces a variety of gadgets in China and receives around 5% of its sales from the nation, China is an important market.
But as tensions between Washington and Beijing rise, the Chinese government is making it difficult for the Cupertino-based tech giant to employ iPhones and other foreign technologies in state-backed businesses. A recent dip in Apple’s sales in China can also be attributed to competition from domestic company Huawei.