China’s President Xi Jinping is set to meet with American business leaders in Beijing on Wednesday, following his November dinner with U.S. investors in San Francisco. Evan Greenberg, CEO of U.S. insurer Chubb, proposed the meeting, with attendees including Stephen Orlins, president of the National Committee on U.S.-China Relations, and Craig Allen, president of the U.S.-China Business Council. The meeting comes after Chinese Premier Li Qiang did not meet visiting foreign CEOs at the China Development Forum, raising concerns about transparency in the Chinese economy.

This event offers a platform for exchanging views with Beijing’s leadership, which has become a crucial aspect of such summits in previous years. Despite China’s public openness to foreign investment, recent actions such as the introduction of anti-espionage laws and raids on consultancies have left foreign businesses seeking clarity. Analysts suggest President Xi’s direct involvement signifies his control over decision-making, with Premier Li Qiang likely avoiding overshadowing his superior.

The meeting with Xi was deliberately scheduled separate from the China Development Forum, indicating its significance. While official comments are pending, China’s officials remain confident in meeting economic targets, with President Xi emphasizing support for strategically important sectors. Xi’s previous assurance to American business leaders about China’s readiness for cooperation highlights efforts to attract foreign investment. With anticipation building, this meeting holds potential for further insights into China’s economic strategy and its relations with the U.S.