Xi Jinping US Visit: China's President Visits US Tech Firms, Boeing
Chinese officials want to form stronger relationships with American companies, leading Chinese President Xi Jinping to visit several companies in Seattle this week, before his trip to Washington D.C. on Friday.
Xi will make a stop at Boeing in Seattle, according to U.S. News & World Report. Boeing said through a press release that China is a very important partner for commercial airplane sales and estimated $950 billion will come from the country in the next 20 years.
"Boeing's strong 40-year relationship with China, one of the world's largest airplane markets, is expanding U.S. exports to that country and supports tens of thousands of American jobs," Boeing Commercial Airplanes President Ray Conner said in a statement.
Microsoft will also host Xi at its annual U.S.-China Internet Industry Forum on Wednesday. Apple has also confirmed that CEO Tim Cook will attend the forum. Later in the day, Xi will give a speech and participate in a roundtable discussion with top executives from 15 U.S. firms and 15 Chinese businesses. Warren Buffett of Berkshire Hathaway is expected to take part in the discussion, along with CEOs from Starbucks, Disney and General Motors.
Xi arrived in Seattle on Tuesday right next to the Boeing plant where the company makes its largest jets. He was greeted by Washington Gov. Jay Inslee.
When Xi visits Boeing, a formal announcement for the plans of an aircraft finishing plant could be announced, Reuters reports. This plant could help Boeing's Chinese sales and help ward off competition from Commercial Aircraft Corp of China Ltd, which is building its own single-aisle aircraft to compete with Boeing's 737 and Airbus A320 planes.
When Xi travels to Washington D.C. to meet with President Obama, cyber spying will be a major topic of discussion between the two world leaders. Xi said the Chinese government does not engage in stealing commercial secrets and does not support companies that do.
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