Xi Jinping tells CEOs that ‘China’s door will only open wider’ as Trump’s two-day visit gets underway

Chinese President Xi Jinping warmly welcomed a delegation of US CEOs on Thursday during the first day of President Trump’s visit to the country.

The business leaders were on hand for an arrival ceremony and a portion of a bilateral meeting held in China’s Great Hall of the People, where Trump proceeded to introduce them to Xi “one by one,” according to Chinese state media.

Xi reportedly responded to US desires to do more business in China by saying the companies could be “deeply involved in China’s reform and opening up” and that “China’s door will only open wider.”

The outreach received a positive reaction from the CEOs with Tesla’s (TSLA) Elon Musk, Nvidia’s (NVDA) Jensen Huang, and Apple’s (AAPL) Tim Cook all spotted by reporters leaving in good spirits.

“It was awesome,” Musk said when asked how his talks with Xi went.

Elon Musk gestures as he leaves after attending a welcome ceremony for U.S. President Donald Trump with Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, May 14, 2026. REUTERS/Evan Vucci
Elon Musk gestures after attending a ceremony for US President Donald Trump with Chinese President Xi Jinping at the Great Hall of the People in Beijing. (REUTERS/Evan Vucci) · REUTERS / REUTERS

Xi has offered similar promises in years past — often to little avail — but it was nonetheless a striking message from the Chinese leader to begin the two-day visit and echoed a message Trump himself has been delivering ahead of the trip.

“I will be asking President Xi, a Leader of extraordinary distinction, to ‘open up’ China so that these brilliant people can work their magic,” Trump posted to social media en route to China.

A White House official confirmed many elements of the Chinese account in a summary of Thursday’s meeting, offering that the leaders “discussed ways to enhance economic cooperation between our two countries, including expanding market access for American businesses.”

But the upbeat tone of this CEO outreach came as other issues, like the war in Iran and the status of Taiwan, hung over the gathering.

China’s approach to US businesses in recent years has left many US companies deeply wary of doing business in China amid intense government restrictions. US companies face an array of issues ranging from intellectual property theft to forced technology transfers to regulatory enforcement that places severe restrictions on any business operating in the country.

BEIJING, CHINA - MAY 14:  Chinese President Xi Jinping with U.S. President Donald Trump trailing greets other U.S. officials at the Great Hall of the People on May 14, 2026 in Beijing, China. The trip by Trump is focused on trade, regional security, and strengthening bilateral ties between the world's two largest economies. (Photo by Kenny Holston-Pool/Getty Images)
Chinese President Xi Jinping, along with US President Donald Trump, greets US and CEOs at the Great Hall of the People on May 14. (Kenny Holston-Pool/Getty Images) · China Pool via Getty Images

It was also unclear after the first hours of the visit whether progress would be made on trade, with the White House apparently set to announce a new US-China “board of trade” to manage disputes. However, it remained unclear whether the US and China would make progress on extending a truce set to expire this fall across a range of issues, including tariffs and rare earth minerals.

These promises of a newly opened China also came in the face of low expectations for the trip overall heading into the meeting.

In a note to clients, Raymond James echoed many observers writing that “expectations are lower for major deliverables out of this week’s meeting.” Taiwan was expected to feature prominently, but the overall focus was on maintaining a current trade truce.

The note added that any progress may take a while to play out as “this will likely be the first of several meetings this year.”

But for Thursday, at least, the mood appeared to border on the ebullient.

Elon Musk told reporters after the meeting that it had been “wonderful” and said “many good things” had been achieved, with Nvidia’s Huang adding that “Mr. Xi and President Trump were incredible.”

Tim Cook simply gave a peace sign and a thumbs-up.

Apple CEO Tim Cook gestures as he leaves with Cargill CEO Brian Sikes after attending a welcome ceremony for U.S. President Donald Trump with Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, May 14, 2026. REUTERS/Evan Vucci REFILE - ADDING INFORMATION OF CARGILL CEO
Apple CEO Tim Cook gestures as he leaves with Cargill CEO Brian Sikes after attending a meeting with US President Donald Trump with Chinese President Xi Jinping at the Great Hall of the People in Beijing on May (REUTERS/Evan Vucci) · REUTERS / REUTERS

Ben Werschkul is a Washington correspondent for Yahoo Finance.

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