From Reuters, September 18:
- US, China finalise Xi business delegation for September 24 visit
- Chinese CEOs expected at White House state dinner, sources say
- Delegation may include Chinese companies facing issues in US
- BYD, CATL, Xiaomi, Gotion, and Bank of China considered
- Invitations and US visas expected within days
Washington and Beijing are finalising a group of Chinese business leaders to join President Xi Jinping's upcoming visit to Washington, three sources familiar with the matter said, potentially including companies facing US regulatory scrutiny as they seek greater market access.
Final invitations will go out to companies in the coming days, the sources said. The State Department is expected to green-light US visas for the delegation, one of them added.Leading Chinese electric vehicle manufacturer BYD (002594.SZ), smartphone maker Xiaomi (1810.HK), which has also expanded into EVs, battery giants CATL (300750.SZ), and Gotion (002074.SZ), consumer electronics manufacturer Hisense (000921.SZ), automotive parts supplier Wanxiang Group and state-owned Bank of China (601988.SS), and agriculture conglomerate COFCO Group are among companies under consideration, two of the sources and five other people briefed on the matter said.
Taking a large business delegation to the US would be an unusual move, given Washington's wariness of Chinese investment and Beijing's tighter oversight of private enterprise.
The delegation's members have yet to be finalised, the sources said.BYD declined to comment. CATL, Xiaomi, Wanxiang, Hisense, Gotion and Bank of China did not respond to requests for comment.Chinese companies have been told to prepare, pending confirmation at this weekend's meeting between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, the sources said. They declined to be identified because the plans are not public.A US Treasury spokesperson referred Reuters' questions to the White House, which did not respond. China's foreign ministry said it had no information in response to Reuters' questions. The commerce ministry did not respond to a request for comment.CHINESE COMPANIES IN DELEGATION FACE ISSUES IN US....
....MUCH MORE
Possibly related, September 15:
