China’s President Courts US CEOs

Chinese President Xi Jinping’s first state visit to the US set off a tug of war between optimism about commercial relations between the US and China and fear that China isn’t doing enough to open its doors to foreign companies or combat cybercrime. In front of some of the top executives of both countries -- including Apple's Tim Cook and Amazon's Jeff Bezos -- Presdient Xi and other Chinese officials continued their push to highlight the scope of business opportunities in China.

President Xi also pledged to address US concerns that China isn’t moving fast enough to ease restrictions on foreign investment, while playing down tensions in other areas ahead of his summit with President Barack Obama on Sept 25. “China will open up still wider to the outside world. Without reform there will be no driving force,” President Xi said. American business executives and Obama Administration officials expressed doubts about President Xi’s commitment.