Chinese business leaders may not join Xi’s US trip as investment talks stall
China is likely to leave business leaders out of President Xi Jinping’s US trip this week as talks on investment arrangements remain unresolved, the South China Morning Post reports. Uncertainty surrounds a proposed bilateral Board of Investment and potential Chinese investments in the United States, according to a person familiar with the matter.
China will probably not invite business leaders to accompany President Xi Jinping on his visit to the United States this week, the South China Morning Post reports. The newspaper, citing a person familiar with the situation, said the possible absence of a business delegation reflected difficulties in negotiations between the two countries. The Wall Street Journal had reported the development earlier, according to the supplied material.
Talks have not produced agreement on a planned bilateral Board of Investment, and differences remain over possible Chinese investments in the United States. The source material does not explain the proposed board’s intended responsibilities or identify the investments under discussion. The decision on whether business leaders will join the trip had not been presented as final in the supplied report.
It says China will probably decide against issuing the invitations. No names of potential delegates or companies are provided. The material also does not include comments from the Chinese or US governments, or explain whether the investment disagreements will affect the wider presidential visit.
The uncertainty comes as the two countries struggle to reach investment agreements. Beyond that description, the available information does not give details of the negotiations or a timetable for resolving them.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.