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Top Things To Watch During Chinese President’s State Visit

June 24, 2023
in Trade Tube
Reading Time: 1 min read
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China’s economic slowdown, stock market plunge and aggressive cyber activity have added increasing strain to international relations with Washington, D.C. So what can Wall Street expect from Chinese President Xi Jinping’s first official state visit to the U.S.? Technology will be a big talking point. The U.S. has publicly considered imposing sanctions on China for cyber hacking violations but the Chinese government has so far denied involvement in any data theft. Officials have suggested a ‘cyber arms deal’ agreement, which would prevent the two countries attacking critical infrastructure such as banks and power stations. Despite its turbulent relationship with American companies such as Google (GOOG) and Facebook (FB), the Chinese government has organized a technology forum in Seattle on Wednesday, which many top tech heavyweights are expected to attend. There will also be a scheduled visit to the Boeing (BA) and possibly also the Microsoft (MSFT) headquarters. Xi Jinping is expected to be on the offensive in regard to China’s weakening growth projections and currency policies when he holds a joint press conference with President Obama in Washington on Friday.

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