Apple CEO Tim Cook Spends $40K on Xi Jinping Dinner

Apple CEO Tim Cook was one in all simply three enterprise titans seated at China President Xi Jinping’s desk eventually evening’s dinner in San Francisco, a privilege that got here at a price of $40,000 a ticket, The New York Times reports.

The chief of Apple, which earns one-fifth of its income in China, was seated subsequent to Chinese Minister of Commerce Wang Wentao on the occasion, held on the Hyatt Regency.

Citadel Securities CEO Peng Zhao and Bridgewater Associates founder Ray Dalio additionally nabbed seats on the coveted desk, the place U.S. Commerce Secretary Dina Raimondo and U.S. China Ambassador Nicholas Burns had been additionally in attendance.

Elon Musk attended the reception, costing $2,000 a ticket, together with Marc Benioff, chairman of Salesforce; Stan Deal, CEO of Boeing; and Raj Subramaniam, FedEx CEO.

Other notable enterprise leaders on the dinner had been Albert Bourla, chairman and CEO of Pfizer; Merit Janow, chairman of Mastercard; Cristiano Amon, president and CEO of Qualcomm; and Hock Tan, president and CEO of Broadcom.

Xi started his keynote tackle asking, “Are we adversaries or partners?”

“If one sees the other side as a primary competitor, the most consequential geopolitical challenge, and a pacing threat, it will only lead to misinformed policymaking, misguided actions and unwanted results,” the 70-year-old Xi continued.

Saying his goal is a “win-win” relationship with the U.S, the Chinese president signaled China will ship new pandas to the United States, calling them “envoys of friendship between the Chinese and American peoples.”

“We are ready to continue our cooperation with the United States, and do our best to meet the wishes of the Californians so as to deepen the friendly ties between our two peoples,” Xi mentioned, hinting that the San Deigo Zoo may be the primary to obtain the primary pair of pandas.

The dinner was on the finish of a day wherein Xi and President Joe Biden held their first face-to-face assembly in a yr and pledged to attempt to scale back U.S.-China tensions. It was additionally the ultimate day of a two-day assembly of 21 Pacific nations, the Asia-Pacific Economic Cooperation (APEC) summit.

Washington, D.C.’s National Zoo’s three large pandas, Mei Xiang, Tian Tian and their cub Xiao Qi Ji, had been returned to China eight days in the past. Now, solely 4 pandas are left within the United States, within the Atlanta Zoo.

“I was told that many American people, especially children, were really reluctant to say goodbye to the pandas, and went to the zoo to see them off,” Xi mentioned.

Guests on the dinner had been served a three-course meal consisting of an autumn vegetable salad, steak or vegetable curry as the principle course, and a contemporary fruit tart for dessert.

The wines served, Cakebread Cellars Sauvignon Blanc and Frank Family Carneros Pinot Noir, retail for an inexpensive $30 and $40, given the value of the tickets to the occasion.

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