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A Chinese business delegation, including 15 chief executives from renowned Chinese companies, will hold a business dialogue with the same number of well-known American chief executives on Sept. 23 in Seattle. The event will be held during Chinese President Xi Jinping's state visit to the U.S., scheduled from September 21 to 25.

The combined photo shows (from left to right) Li Yanhong or Robin Li, the CEO of China’s internet search giant Baidu Group; Ma yun or Jack Ma, the founder of China’s E-commerce giant Alibaba and Chairman of the Board of China’s internet giant Tencent. [Photo: Agencies]

One of the organizers of the roundtable, The Paulson Institute, says President Xi will attend the event and also deliver a speech. The roundtable will be hosted by Henry Paulson, Jr, former US Secretary of Treasury.

The Chinese business tycoons participating in the two-hour meeting are from a broad range of industries, including the Internet, banking, food, construction, shipping, automobile, manufacturing, chemical, energy, as well as household appliances, according to a report of the Beijing News.

The 15 Chinese attendees of the roundtable include Jack Ma from Alibaba, Lu Guanqiu from Wanxiang Group, Ma Huateng from Tencent, Yang Yuanqing from Lenovo, Wang Yusuo from ENN Energy, Ma Xehua from China Ocean Shipping Company, Guan Qing from China State Construction Engineering Corporation, Wang Long from Shuanghui Group, Tian Guoli from Bank of China, Jiang Jianqing from Industrial & Commercial Bank of China, Pan Gang from Yili Group, Li Yanhong from Baidu, Liang Haishan from Haier Group, Wang Jinshu from Yuhuang Chemical, and Li Qiang from Tianjin Pipe Corporation.

The Beijing News reported that a number of the 15 Chinese companies have acquired U.S. companies.

For instance, Chinese PC giant Lenovo acquired the PC business of IBM in 2004. The food company Shuanghui Group took over the world's largest pork supplier Smithfield Foods with a bid of 7.1 billion dollars in 2003, which marks the biggest acquisition in China-U.S. history. Earlier this year, the U.S. branch of China's Wanxiang Group reached a cooperation deal with Hyatt Corporation. Wangxiang Group will allocate a one-billion-dollar investment in Hyatt Corporation.

Many members of the Chinese business delegation have accompanied President Xi on state visits previously. Pan Gang, the head of Yili Group, and Tian Guoli, Chairman of Bank of China, visited Europe with President Xi between March to April last year. Li Yanhong, the founder of Baidu, Jack Ma, Chairman of Alibaba, and Tian Guoli, Chairman of Bank of China, paid a visit to South Korea with President Xi in July last year.

The Beijing News reported that the business tycoons will not be traveling to the US on the presidential plane. Most of them will arrive at the U.S. ahead of President Xi at their own expenses.

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