CEOs from around the world, such as Cristiano Amon from Qualcomm Inc. and Amin Nasser from Saudi Aramco, are expected to attend an annual gathering of top executives in Beijing, with some likely to meet with President Xi Jinping, according to sources familiar with the situation. The meeting with Xi is set for March 28, though details may change. Previous attendees like Steve Schwarzman of Blackstone Inc., Albert Bourla from Pfizer Inc., and Rajesh Subramaniam from FedEx Corp. are anticipated to be present at the China Development Forum from March 23-24 this year.

Republican Senator Steve Daines is also expected to meet with a senior Chinese official and US business representatives to discuss various issues, including concerns about the influx of fentanyl into the country. China aims to show it is open for business and supportive of private enterprise, in contrast to the protectionist policies of the U.S under Trump. The Chinese government is working to attract foreign investment and strengthen its economy, which is facing challenges like the impacts of tariffs and trade disputes with the U.S. Talks between the two nations have hit obstacles, and both continue to struggle to find common ground on how to move forward.