June 20, 2024

Taylor Daily Press

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American business leaders pay $40,000 to sit at the table with Xi Jinping for dinner |  outside

American business leaders pay $40,000 to sit at the table with Xi Jinping for dinner | outside

Chinese President Xi Jinping is scheduled to visit the United States for the first time in six years this week. On the sidelines of the meeting between Joe Biden and Xi Jinping, the Chinese President will participate in a dinner with American business leaders on Wednesday. They are paying up to $40,000 for a seat at Xi Jinping’s table.

The Chinese President comes to the United States to attend the Asia-Pacific Economic Cooperation (APEC) meeting in San Francisco. He will also meet US President Joe Biden this week. They will discuss, among other things, important issues related to “world peace and global development.”

Before the APEC summit, a dinner will be held on Wednesday in which senior US business community leaders are expected to participate. According to Reuters, the guest list is unknown. The conference is expected to be attended by senior executives from the oil company ExxonMobil, the software producer Microsoft, and the pharmaceutical company Pfizer.

Earlier this year, China welcomed prominent businessmen, including CEO Jamie Dimon of major bank JPMorgan Chase, Tim Cook of Apple, and Tesla CEO Elon Musk, to discuss US-China trade relations and the investment climate in the country. China.

Tensions between China and the United States

Tensions between China and the United States in the economic fields have increased significantly in recent years. According to the Biden administration, communication at the highest level is in the interest of the global economy. Dinner with the Chinese president appears to be an opportunity to improve lines of communication.

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This comes with a price for business leaders. According to Newsweek, they pay $2,000 per person to attend the reception and dinner. Companies that pay $40,000 get eight seats at the table, plus one seat for the CEO at the table with Xi.

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