American CEOs Who Dined With China’s Xi Are Moving Businesses Out of China: Analysts

During the Asia-Pacific Economic Cooperation meeting in San Francisco from Nov. 15–17, Chinese leader Xi Jinping had dinner with hundreds of top American CEOs, hoping that these business and tech executives would become mediators in the strained U.S.–China relationship. But the grim reality of Beijing’s suppression of foreign companies has prompted these CEOs to pull their businesses out of China. On Nov. 15, Mr. Xi attended a dinner event with more than 300 U.S. corporate leaders and influential politicians at the Hyatt Regency Hotel in San Francisco. In his speech, he first pointed out that the primary question facing U.S.–China relations is, “Are we adversaries or partners?” Then he claimed that China is willing to be “a partner and a friend” of the United States....