MGM Resorts CEO and President Bill Hornbuckle was part of a delegation of US business leaders that met with China’s President Xi Jinping in Beijing on Wednesday.
In what shaped as an important thawing of relations between the two international superpowers, the meeting – held in the East Hall of the Great Hall of the People – is said to be linked to China’s efforts to lure back foreign investors and help stall its economic slowdown. Foreign direct investment into China dropped by 8% last year.
According to state media CCTV, the US delegation also included Blackstone Group CEO Stephen Schwarzman, Bloomberg Chairman Mark Carney, Qualcomm CEO Cristiano Amon, FedEx Chairman and CEO Raj Subramaniam and Chubb CEO Evan Greenberg, plus the President of the National Committee on US-China Relations Stephen Orlins, and President of the US-China Business Council Craig Allen, among others.
