US News
Chairman Xi Coming To San Fransisco To Wine And Dine With Elon Musk, Other Oligarchs
There is a big thaw in China relations. Why would XI risk WWIII when he can take us from within without firing a shot? China is a Technocracy that panders to Technocrats. Technocrats pander to China. When Zbigniew Brzezinski pandered to Chairman Deng Xiaoping in 1974, he taught him about the merits of Technocracy. Given Musk’s family ties to Technocracy in the 1930s, it is obvious why he wants to pander to Xi. There’s a lot of pandering going on. Chinese citizens should call their dear leader – “Pander Bear.” ⁃ TN Editor
Executives from Microsoft Corp., Citigroup Inc., Exxon Mobil Corp. and other large multinationals are converging on San Francisco this week for an audience with Chinese President Xi Jinping and other Asian leaders as long-frosty US-China relations show only tentative signs of warming.
Executives from Microsoft Corp., Citigroup Inc., Exxon Mobil Corp. and other large multinationals are converging on San Francisco this week for an audience with Chinese President Xi Jinping and other Asian leaders as long-frosty US-China relations show only tentative signs of warming.
A CEO summit on the sidelines of the Asia-Pacific Economic Cooperation meeting will coincide with the most challenging trade climate in a generation. Washington is trying to prevent China from acquiring high-end computer chips and has imposed curbs on US investment there. Beijing has responded by jump-starting its own chip efforts and exhorting citizens to buy locally-made phones and other products. From tech to logistics, oil and gas to finance, companies are struggling to maintain access to Chinese consumers even as they try to navigate a growing list of regulations, tariffs and export controls.
Some of the biggest names in American business are scheduled to attend the summit, among them Citigroup’s Jane Fraser, Exxon’s Darren Woods, Microsoft’s Satya Nadella and Tesla Inc. and SpaceX’s Elon Musk. A number of executives have been invited to dine with Xi, according to people familiar with the plans, a chance for them to air their concerns and ambitions in a less formal setting.
“If Xi is going to meet these business leaders at this summit, they’ll be looking for signals that the US-China relationship is thawing,” said Dan Prud’homme, an assistant professor of business at Florida International University.
Founded in 1989, APEC was created to promote free and fair trade as China began its historic economic opening under Deng Xiaoping. APEC meetings rarely lead to breakthroughs—or even agreement. Still, the San Francisco gathering marks the first time the US has hosted the event in 12 years and will provide a widely welcomed opportunity for President Joe Biden and Xi to meet face to face.
“What we’re trying to do is change the relationship for the better,” Biden told reporters Tuesday at the White House, shortly before departing for San Francisco, where he’s set to meet Xi on Wednesday. Biden said that he believed the Chinese people were “in trouble right now economically.”
