The Chinese government has invited Wall Street’s top bankers to a hastily arranged meeting in Beijing as President Donald Trump threatens to impose punitive tariffs on all Chinese exports to the US.
According to three people briefed on the initiative, Chinese Communist party officials have invited the heads of the US’s leading financial institutions to attend a “China-US Financial Roundtable” in Beijing on September 16, followed by a meeting with Wang Qishan, vice-president of China.
Chinese officials hope the new group, which will be jointly chaired by Zhou Xiaochuan, an ex-Chinese central bank governor, and John Thornton, the former Goldman Sachs executive who now chairs miner Barrick Gold, will meet every six months to discuss Sino-US relations and advise Beijing on financial and economic reforms.