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☆ The Cost of Doing Business With China? A $40,000 Dinner With Xi Jinping Might Be Just the Start
▼ + stars: | 2023-11-28 | by ( Lingling Wei | Liza Lin | ) www.wsj.com time to read: 1 min

China’s President Xi Jinping met with the heads of American businesses in San Francisco earlier this month. Photo: Jeff Chiu/Associated PressBroadcom Chief Executive Hock Tan shelled out $40,000 to sit at Xi Jinping ’s table for the Chinese leader’s recent dinner in San Francisco with the heads of American businesses. Tan had a lot more at stake—a $69 billion deal he was waiting on China to approve. For months, Chinese regulators wouldn’t clear the U.S. chipmaker’s bid to buy enterprise software developer VMware, leading Broadcom to put off its date for completion of the deal—first announced in May 2022—three times. Intel’s planned acquisition of Israeli firm Tower Semiconductor , for more than $5 billion, was scuttled in August after Chinese regulators failed to approve it.

Persons: Xi Jinping, Jeff Chiu, Hock Tan, Jinping, Tan, — Organizations: Associated Press Broadcom, VMware, Broadcom, Tower Semiconductor Locations: San Francisco, China, Beijing

☆ China’s Xi Draws Standing Ovation From U.S. Business Leaders—and Some Doubts
▼ + stars: | 2023-11-16 | by ( Lingling Wei | Charles Hutzler | ) www.wsj.com time to read: +1 min

President Biden said he and his Chinese counterpart Xi Jinping would continue to “preserve and pursue” high level diplomacy, after the pair held talks on Wednesday at an estate outside of San Francisco. WSJ’s Charles Hutzler analyzes the meeting. Yet on his first trip to the U.S. in six years, Chinese leader Xi Jinping didn’t make a pitch to win back American businesses and investors. Instead, at a dinner with U.S. corporate chiefs and other guests, Xi sought to enlist corporate America’s help in easing bilateral tensions, emphasizing the room for both nations to work together—a theme of his meeting with President Biden earlier Wednesday. Throughout his speech, Xi described himself as a leader of the people and stressed the importance of buttressing bilateral ties with people-to-people exchanges, but didn’t specifically highlight trade or investment.

Persons: Biden, Xi Jinping, WSJ’s Charles Hutzler, Brendan Smialowski, Xi Organizations: Getty Locations: San Francisco, AFP, China

☆ U.S. Executives Get No Reassurance From Xi on Tougher China Business Environment
▼ + stars: | 2023-11-16 | by ( Lingling Wei | Charles Hutzler | ) www.wsj.com time to read: 1 min

A day after meeting with Chinese leader Xi Jinping, President Biden said during a speech at the APEC CEO Summit that the U.S. is ‘de-risking and diversifying’ its economic relationship with China, but ‘not decoupling.’ Photo: Kevin Lamarque/ReutersSAN FRANCISCO—Foreign capital is fleeing China. Yet on his first trip to the U.S. in six years, Chinese leader Xi Jinping didn’t make a pitch to win back American businesses and investors. Instead, at a Wednesday evening dinner with U.S. corporate chiefs and other guests, Xi sought to enlist American corporations’ help in easing bilateral tensions, emphasizing the room for both nations to work together—a theme of his meeting with President Biden earlier in the day.

Persons: Xi Jinping, Biden, Kevin Lamarque, Xi Organizations: APEC, Summit, Reuters, FRANCISCO Locations: China

Chinese leader Xi Jinping arrived in San Francisco on Tuesday ahead of a high-stakes meeting with President Biden at the APEC summit. It will be the first time Biden and Xi will speak since the U.S. shot down a suspected Chinese surveillance balloon in February. Photo: David Paul Morris/Bloomberg NewsSAN FRANCISCO—President Biden and Chinese leader Xi Jinping are going into a high-stakes summit Wednesday with a long list of contentious issues between the world’s two leading powers—and narrow room to find compromise. The two countries are close to finalizing agreements to restore communications between their militaries and cooperate in choking off fentanyl trafficking, U.S. officials said. U.S. and Chinese officials also have discussed a potential agreement for China, which has made no major order for Boeing jets since 2017, to resume purchases of the 737 Max.

Persons: Xi Jinping, Biden, Xi, David Paul Morris, President Biden, Max Organizations: APEC, Bloomberg, FRANCISCO, Boeing Locations: San Francisco, U.S, China

President Biden greeted Chinese leader Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation summit taking place in San Francisco. Photo: Brendan Smialowski/AFP/Getty ImagesWOODSIDE, Calif.—President Biden and Chinese leader Xi Jinping struck a less contentious tone at their summit Wednesday, a reset that will be quickly tested by deep U.S.-China disagreements. With relations between the two countries near a low point, Biden and Xi agreed to resume communications between their militaries, cooperate on choking off fentanyl production and begin a dialogue on the risks of artificial intelligence. Their four hours of talks at a secluded estate outside San Francisco included a walk in the wooded grounds.

Persons: Biden, Xi Jinping, Brendan Smialowski, Xi Organizations: Economic Cooperation, Getty, — Locations: Asia, San Francisco, AFP, WOODSIDE, Calif, U.S, China

☆ What It Took to Get Biden and Xi to the Table
▼ + stars: | 2023-11-12 | by ( Charles Hutzler | Lingling Wei | ) www.wsj.com time to read: 1 min

With only weeks to go to prepare for a possible summit with President Biden, Chinese officials floated a plan: If Xi Jinping agrees to meet, he first wants to sit down for a banquet with American business leaders. The White House said no. With a lengthy agenda of friction points to go over, Xi should see Biden first before the CEOs, American officials told their Chinese counterparts last month, according to people briefed on the plans. Beijing backed down and rescheduled the dinner for after the summit.

Persons: Biden, Xi Jinping Locations: Beijing

☆ Xi Jinping Is Looking for Someone to Blame for China’s Property Bust
▼ + stars: | 2023-10-26 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

Country Garden, once seen as one of China’s most stable property developers, is now struggling financially, leaving the future of unfinished megadevelopments like Malaysia’s Forest City in doubt. Here’s how overbuilding, and a streak of bad luck, have left China’s real-estate developers in the red. Photo: Adam AdadaWith China’s property bust threatening to sink the country’s economic recovery, Xi Jinping is looking for someone to blame. After putting the billionaire founder of Evergrande , a heavily indebted property firm, under investigation for possible crimes, Beijing is expanding its probes to include bankers and financial institutions that facilitated developers’ risky behavior, people familiar with the matter say.

Persons: Adam Adada, Xi Jinping Organizations: Malaysia’s Forest City Locations: Malaysia’s Forest, Beijing

☆ China Increases Bond Issuance to Help Its Economy
▼ + stars: | 2023-10-24 | by ( Stella Yifan Xie | Lingling Wei | ) www.wsj.com time to read: 1 min

A record number of Chinese college students graduated this summer, but landing their dream job may be a long shot. WSJ takes a look at why China’s youth unemployment is at all-time highs. Photo illustration: Adam AdadaChina ramped up efforts to stimulate its beleaguered economy, issuing additional sovereign bonds and raising its budget-deficit target, the first time it revised its budget outside the regular legislative session in more than a decade. The country’s top legislative body approved on Tuesday a plan to raise 1 trillion yuan, equivalent to around $137 billion, in additional sovereign debt, half for use before the end of this year and half for next year, according to the official Xinhua News Agency. Policy makers said the bond issuance was intended for infrastructure projects in the wake of severe flooding and other natural disasters, Xinhua reported.

Persons: Adam Adada Organizations: Xinhua News Agency . Locations: Adam Adada China

☆ U.S., China Both Try to Gain Upper Hand Ahead of Biden-Xi Summit
▼ + stars: | 2023-10-09 | by ( Lingling Wei | Charles Hutzler | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ China Comes Under Growing Pressure to Fix the Country’s Housing Market
▼ + stars: | 2023-10-02 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ China’s Former Foreign Minister Qin Gang Ousted After Alleged Affair, Senior Officials Told
▼ + stars: | 2023-09-19 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

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☆ China’s Ex-Foreign Minister Ousted After Alleged Affair, Senior Officials Told
▼ + stars: | 2023-09-19 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Xi’s Tight Control Hampers Stronger Response to China’s Slowdown
▼ + stars: | 2023-09-10 | by ( Lingling Wei | Stella Yifan Xie | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ China’s Top Diplomat to Skip U.N. Assembly, Raising Doubts About Possible Xi Visit to U.S.
▼ + stars: | 2023-09-09 | by ( Lingling Wei | Charles Hutzler | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Communist Party Priorities Complicate Plans to Revive China’s Economy
▼ + stars: | 2023-08-27 | by ( Lingling Wei | Stella Yifan Xie | ) www.wsj.com time to read: 1 min

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☆ China’s 40-Year Boom Is Over. What Comes Next?
▼ + stars: | 2023-08-20 | by ( Lingling Wei | Stella Yifan Xie | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

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☆ Xi Jinping Chokes Off Crucial Engine of China’s Economy
▼ + stars: | 2023-07-13 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: taiwan

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Persons: Dow Jones Locations: taiwan

☆ After Months of Cold Shoulder, China Welcomes Antony Blinken to Beijing
▼ + stars: | 2023-06-18 | by ( Lingling Wei | William Mauldin | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: beijing

☆ After Months of Cold Shoulder, China Welcomes Blinken to Beijing
▼ + stars: | 2023-06-18 | by ( Lingling Wei | William Mauldin | ) www.wsj.com time to read: 1 min

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