Chinese Corporate Delegation May Not Accompany Xi on U.S. Visit, Report Says, in Reversal Ahead of Summit

Jiji Press··USCN·Read original
3▲0 ▼3Impact / 5
Summary · why it matters

The Wall Street Journal reported on the 22nd that a delegation of Chinese companies may reverse course and not accompany Chinese President Xi Jinping on his U.S. visit tied to the U.S.-China summit. The delegation had been expected to attend a state-dinner hosted by President Trump on the 24th. According to Reuters, executives from China's largest electric-vehicle maker BYD, top automotive battery maker CATL, and major home-appliance maker Xiaomi were expected to join the trip. If a Chinese corporate delegation accompanies Xi's visit, it would be the first since 2015 under the Obama administration. Businessman Elon Musk, OpenAI Chief Executive Altman, and Nvidia Chief Executive Huang are expected to attend the dinner. Major Chinese companies are now seen as unlikely to achieve significant results, such as increased investment in the United States or expanded purchases of American products.

Impact on assets 4

Electrification & Mobility▼ · 1 stocks
Xiaomi Corp
1810
▼ NegativeGeopoliticsrelevance

Xiaomi was expected to join Xi's corporate delegation, which may now not accompany the U.S. visit, reducing prospects for expanded U.S. business.

Artificial Intelligence▲ · 1 stocks
Others▼ · 2 stocks
BYD Co Ltd Class A
002594
▼ NegativeGeopoliticsrelevance

BYD was expected to join Xi's corporate delegation, which may now not attend, dimming chances of increased U.S. investment or purchases.

Off-coverage companies 1

OpenAIPrivate± Mixed
relevance

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