A San Francisco summit is becoming a stage for cooperation talks with China, as both the public and private sectors in the U.S. look to thaw relations with the Asian economic giant.
The jewel of the Asia-Pacific Economic Cooperation summit will be a face-to-face encounter between U.S. President Joe Biden and Chinese President Xi Jinping, who have not met in person in over a year. The meeting is expected to help achieve a new balance between the world's two largest economies after years of confrontations that have threatened to reach belligerent terrain.
No less important is an upcoming audience between Xi and the leaders of some of the most powerful companies in the U.S. that could include Citigroup Inc (NYSE:C) CEO Jane Fraser, Exxon Mobil Corp (NYSE:XOM) CEO Darren Woods, Microsoft Corp (NASDAQ:MSFT) CEO Satya Nadella and Tesla Inc (NASDAQ:TSLA) CEO Elon Musk.
The executives are looking to establish a new floor for commercial action with China.
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