Xi Jinping will address U.S. business leaders amid doubts about ties with China.

Corporate executives will pay $2,000 each to attend a luncheon with a Chinese representative in San Francisco next week

One of the events aimed at stabilizing relations between the U.S. and China.

Chinese leader Xi Jinping will meet with President Biden next week in San Francisco.

Xi Jinping is expected to address top U.S. business leaders at a dinner following this bilateral meeting.

Si Jinping is coming to the United States for an international conference and will address business leaders at a difficult moment in U.S.-China relations. The United States has expressed growing concern about China's military ambitions and has sought to limit Beijing's access to technology that could be used against the United States. China's treatment of Western companies, which face tighter restrictions on their operations, has raised doubts among firms about whether to invest in China.

China and the US have shown interest in strengthening ties between their economies

The Biden administration has sent several senior officials to China this year to make clear that the United States, while eager to ensure national security, is not looking to cut ties with Beijing economically.

It is not yet clear how much Mr. Xi's visit will benefit doubting foreign companies, many of which are reeling from both China's slowing economic growth and the Chinese Communist Party's tighter control over business activity under Mr. Xi.

Tickets for the dinner and reception cost $2,000 a seat

The organizers are the Committee on U.S.-China Relations and the Council on U.S.-China Business. For $40,000, companies can buy eight seats at the table, as well as one seat at Mr. Xi's table, a source familiar with the event said.

The meetings between Chinese officials and the U.S. business sector will aim to show that China remains an attractive destination for business, "as evidenced by the influx of companies eager to meet Xi Jinping and have lunch with him," Jude Blanchette, a China researcher at the Center for Strategic and International Studies, said at a briefing on Tuesday.

China and the U.S. have long-term tensions in relations

Foreign firms are particularly concerned about Chinese regulations that prevent them from selling into the government or certain markets, as well as a broader anti-espionage law that could put corporate executives and researchers in the closet for engaging in activities in sensitive industries. At the same time, the United States is tightening restrictions on investments and sales of advanced technology to China, arguing that such ties could trigger national security interests.

Many companies still consider China an important market, but more companies are starting to look to other countries for new investments. A survey by the Council on U.S.-China Business Council found that 34 percent have halted or reduced planned investments in China in the past year, up from a percentage in previous years.

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"I think this is going to be one of those issues where the U.S. and China will have long-term tensions. And I'm sure that will be conveyed to Beijing," Mr. Blanchette said.

The visit will be Mr. Xi's first trip to the United States since 2017, when he met with President Donald Trump at the Mar-a-Lago estate in Florida. Since then, the U.S.-China business relationship has changed dramatically, with the countries engaged in a trade war, disputes over advanced technology and geopolitical influence, and China becoming markedly more authoritarian under Mr. Xi's leadership.

The dinner and reception with Mr. Xi will be part of a two-day "CEO Summit "

Biden and Mr. Xi are expected to discuss business and technology ties, as well as cooperation between the countries' militaries, stopping the flow of fentanyl into the United States and new agreements on artificial intelligence governance.

In recent weeks, senior Chinese officials have been meeting with U.S. counterparts to prepare for the trip. A press release issued Wednesday by the organizers of the CEO Summit said Biden and Xi will attend the two-day summit, along with other world leaders and CEOs of companies such as Microsoft, Mastercard and Pfizer.