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U.S. Chamber of Commerce President and CEO Thomas J. Donohue met with Chinese President Xi Jinping on Thursday in Beijing and emphasized that “expanding the U.S.-China commercial relationship is essential to driving needed growth in our economies and stability in the global economy.”
He was joined by a delegation of leading U.S. CEOs and former cabinet officials for the discussion, which happened in advance of the U.S.-China CEO and Former Senior Officials’ Dialogue in Beijing and before the Chinese president travels to the United States next week.
Donohue and China Center for International Economic Exchanges (CCIEE) Chairman and Former Vice Premier Zeng Peiyan are co-chairing the seventh Dialogue meeting.
“Working together with Chairman Zeng, we’ve made great strides in the Dialogue in increasing mutual understanding, candidly working through challenges, and strengthening our ties between our business communities,” Donohue said.
CEOs of leading companies on both sides are convening over two days to discuss the important issues of two-way investment and BIT (bilateral investment treaty) negotiations, innovation, China’s G-20 year, and trends in global trade, finance and energy. The Dialogue occurs as U.S. companies are voicing growing concerns about China, including with long-standing market access restrictions and on the cybersecurity front.
“President Xi’s visit provides a timely opportunity to forge deeper commercial engagement that benefits the workers and businesses of both countries, and this can and should happen even as we work through our challenges,” Donohue said. “We urge the two governments to reinforce the economic and commercial relationship, including by concluding a high-standard, comprehensive BIT as soon as possible. The BIT remains the most substantial opportunity in the relationship to strengthen growth in both countries, and lead us forward on a path to deeper integration and stronger overall ties.”