Musk, Cook, Dalio dine with Xi, but CEOs still wary

News Snapshot:

On his way into the Hyatt, Bridgewater founder Ray Dalio told the Financial Times he was “excited to have this relationship [with Xi]“. But while Xi made an effort to express his country’s open welcome to US business, a combination of whipsawing tensions with Washington, a rocky economic recovery from the pandemic and Beijing’s increasingly assertive domestic security apparatus has damped enthusiasm among American investors for making big bets on China. Geopolitical fears A series of US companies have begun packing up their bags or rerouting supply chains out of fear that geopolitical tensions could disrupt business. Technology groups such...