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Chinese President Xi Jinping recently hosted a meeting with leading US business executives in Beijing to discuss promoting stronger economic ties between the United States and China.

Influential US executives participated in the meeting, including Stephen Schwarzman, the founder of Blackstone; Cristiano Amon, President and CEO of Qualcomm; Mark Carney, Chair of Bloomberg; and Rajesh Subramaniam, President of FedEx. President Xi stressed the significance of a robust bilateral relationship despite China’s economic challenges in the aftermath of the COVID-19 pandemic.

While speaking to the group, President Xi highlighted China’s recovery and its role in contributing to global economic growth. He also noted the critical nature of Sino-US relations, stating, “Whether China and the United States cooperate or confront each other has a bearing on the well-being of the two peoples and the future and destiny of mankind.”

President Xi was quoted saying, “The respective successes of China and the United States create opportunities for each other.” He further advocated for a relationship based on partnership, mutual respect, peaceful coexistence, and win-win outcomes, adding, “As long as both sides regard the other as partners, respect each other, peacefully coexist and join together for win-win results, China-US relations will improve.”

The meeting follows a recent trend of diplomatic engagements, including a significant conversation between Xi and President Joe Biden in San Francisco last November. It also comes against the backdrop of talk about tariffs, which has become of more interest recently, especially with the upcoming US elections.