No Official Chinese Corporate Delegation Accompanies U.S.-China Summit, Highlighting Barriers to Investment in America

Jiji Press··USCN·Read original
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Hong Kong newspaper the South China Morning Post reported on the 24th that President Xi Jinping's visit to the United States for the U.S.-China summit did not include an official delegation of Chinese companies. According to the report, some Chinese corporate chiefs traveled to the United States on separate flights, but their names did not appear on the guest list for the official dinner hosted by the U.S. president, in contrast to 2015, when a large corporate delegation accompanied the trip. Initially, executives from world-leading companies such as electric vehicle giant BYD, top automotive battery maker CATL, and leading optical communications component maker Innolight were among the candidates to join the trip. Since Xi's previous visit to the United States as a state guest in 2015, the security environment surrounding the two countries has changed completely, and Chinese companies' investment in the United States has been blocked by stringent scrutiny. The decision to forgo the delegation has laid bare the difficulty of investment negotiations.

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BYD Co Ltd Class A
002594
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BYD was a candidate for the official delegation but was excluded, reflecting stringent US scrutiny blocking Chinese investment.

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