China is ready to be a partner and friend of the United States, and there is plenty of room for bilateral cooperation, President Xi Jinping told American executives in San Francisco on Wednesday, as Beijing looks to reassure global business and counter his country's struggles to entice foreign investment.
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    The U.S. executives dined with Xi on the margins of the Asia-Pacific Economic Cooperation (APEC) forum following a day of talks between the Chinese leader and U.S. President Joe Biden, aimed at steadying relations between the world’s two largest economies.

    Executives from U.S. corporate giants such as Apple’s (AAPL.O) Tim Cook, BlackRock’s (BLK.N) Laurence Fink, Broadcom’s (AVGO.O) Hock Tan, Bridgewater Associates’ Ray Dalio and Pfizer’s (PFE.N) Albert Bourla were at the dinner tables.

    Xi also met Tesla (TSLA.O) CEO Elon Musk, telling him that he supports the company’s development in China, according to a statement from the auto maker’s Weibo Account on Thursday.

    U.S. Commerce Secretary Gina Raimondo and other senior U.S. officials also attended the event, which generated controversy due to reported high ticket costs for companies seeking to brush shoulders with Xi.

    Mike Gallagher, the Republican chairman of the U.S. House of Representatives’ select committee on China, had called it “unconscionable” that U.S. companies would pay thousands of dollars to join a dinner with a government the United States says is committing genocide against Muslim Uyghurs.

    China has grown more suspicious of engagement with Western companies, in line with Xi’s emphasis on self-reliance and national security, and this year it has cracked down on some U.S. consultancy and due-diligence firms, further damaging investor confidence.

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