WHAT YOU NEED TO KNOW
- Xi Jinping is expected to make a state visit to the United States from Wednesday through Friday.
- Microsoft CEO Satya Nadella is expected to attend Thursday’s dinner in Washington, D.C.
- Beijing has not publicly identified any Chinese executives who will accompany Xi.
- Representatives from BYD, Xiaomi, CATL, Gotion and other major Chinese companies were reportedly under consideration.
DISCLAIMER: GoldInvestors.news is not a registered investment, legal or tax advisor or broker/dealer. All investment/financial opinions expressed by GoldInvestors.news are from the personal research and experience of the owner of the site and are intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and misprints may occur.
With two days remaining before Chinese President Xi Jinping is expected to arrive in the United States, the identities of the Chinese executives who may accompany him remain largely unknown.
Xi is expected to make a state visit from Wednesday through Friday. China’s Ministry of Foreign Affairs confirmed the planned trip late Monday but offered no list of participating business leaders.
The ministry did not immediately respond to a CNBC request for comment Tuesday morning. That silence left a central part of the visit, the expected corporate delegation, unresolved shortly before Xi’s arrival.
On the American side, Microsoft CEO Satya Nadella is expected to attend a dinner Thursday in Washington, D.C., according to a source familiar with the plans. The dinner is expected to take place as part of the summit.
Microsoft did not immediately respond to CNBC’s request for comment. The White House also did not immediately respond, leaving the company and administration without public statements confirming Nadella’s participation.
Senior U.S. officials have shared the names of some other executives who will attend. However, the source material provided no further names from that group, making Nadella the specifically identified American executive in the report.
The potential Chinese guest list is even less settled. Beijing has not publicly named any Chinese business leaders who will accompany Xi during the Wednesday through Friday state visit.
Reuters reported last week that representatives from several major Chinese companies were under consideration. The possible participants came from electric vehicles, smartphones, batteries, consumer electronics, automotive parts, banking and agriculture.
Electric car giant BYD was among the companies whose representatives were reportedly being considered. Smartphone company Xiaomi also appeared among the possible sources of business representatives for the delegation.
Battery makers CATL and Gotion were included in the reported group as well. The list also named consumer electronics manufacturer Hisense and automotive parts company Wanxiang.
State owned Bank of China was another company whose representatives were under consideration, according to Reuters. Agricultural conglomerate COFCO Group completed the collection of Chinese businesses identified in the report.
The report did not say that executives from those companies had accepted invitations or would definitely attend. It described their representatives only as being under consideration for participation.
BYD had no comment when CNBC contacted the electric car company. The other Chinese companies identified in the Reuters report did not immediately respond to requests for comment.
That leaves the Chinese corporate presence at the dinner uncertain as the planned visit approaches. The Ministry of Foreign Affairs has confirmed Xi’s travel schedule without revealing the business figures expected to join him.
The United States has said several American technology executives would participate in a dinner connected to the summit. Even so, the full American corporate guest list was not presented in the source material.
The limited disclosures come after tensions between the United States and China have escalated in recent years. Both governments have placed companies from the other country on blacklists restricting business activity.
Those restrictions form part of the stated backdrop to a gathering expected to bring political and corporate figures together in Washington. The report did not identify which blacklisted companies, if any, might have representatives at the dinner.
For now, Nadella stands as the named American executive expected at Thursday’s event, based on information from a source familiar with the arrangements. No Chinese executive has been publicly confirmed in the source.
Xi’s trip is scheduled to run from Wednesday through Friday, with the dinner expected Thursday. Beijing’s confirmation of the visit established the timetable but left unanswered who from China’s business community would be traveling with him.
CNBC’s Jordan Novet and Ashlee Trujillo contributed to the original report. The central question remains open as the visit nears, with numerous Chinese companies reportedly considered but no Chinese business leader publicly named.
DISCLAIMER: GoldInvestors.news is not a registered investment, legal or tax advisor or broker/dealer. All investment/financial opinions expressed by GoldInvestors.news are from the personal research and experience of the owner of the site and are intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and misprints may occur.
Join the Discussion
COMMENTS POLICY: We have no tolerance for messages of violence, racism, vulgarity, obscenity or other such discourteous behavior. Thank you for contributing to a respectful and useful online dialogue.