Chinese president starts US visit to woo big businesses
China’s President Xi Jinping has started his US state visit in the West Coast hub of Seattle with his main goals being to woo American businesses and reduce Washington’s concern about China’s economy.
According to a report by AFP on Tuesday, Xi is expected to explain the objectives of his visit in meetings and a keynote speech to leaders of states like Washington and with the heads of major companies, which have huge interests in China such as Boeing and Microsoft.
The Chinese president is expected to deliver a speech in Seattle late Tuesday, followed with a roundtable meeting early Wednesday with top US and Chinese corporate chieftains aimed at emphasizing central role of trade and investment in bilateral relations between the two countries.
US businesses are currently worried about Beijing's increased support for its own companies when they compete with American investors and many are also concerned that Beijing is not able to control the sudden downturn of its economy.
"We know the value of international trade and we know the value of exports to China and how many thousands of good-paying jobs it supports here in the state of Washington," Gary Locke, a former Washington governor and ex-US ambassador to China, told AFP.
According to reports, the alleged stealing of US business secrets by Chinese hackers will be a top issue to be discussed during Xi’s stay in Seattle and in Washington.
The administration of President Barack Obama is reportedly weighing placing punitive sanctions on some top Chinese officials to get Beijing to take action over the problem.
Meng Jianzhu, one of China's most senior security officials, came to Washington earlier this month to discuss the issue with the White House officials.
However, according to Bonnie Glaser, a security specialist with the Center for Strategic and International Studies, despite efforts made by Chinese officials, "sanctions are still on the table."
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