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Xi meets Zuckerberg, Cook in Beijing
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This photo taken on October 24, 2017 shows women walking past a roadside poster of Chinese President Xi Jinping, after the closing of the 19th Communist Party Congress in Beijing. Xi Jinping Thought will now be taught, researched and promoted in universities across China, ensuring that the leader's eponymous philosophy is implanted in students' hearts and minds. At least twenty universities have established research institutes for Xi's ideology, which was enshrined in the Communist Party's constitution during its 19th national congress this month. (AFP/Greg Baker)
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pple's Tim Cook and Facebook's Mark Zuckerberg met Chinese President Xi Jinping in Beijing, state media said Tuesday, as the Communist Party pushes for a larger role in private firms.
The meeting came days after Xi secured his position as China's most powerful leader since Mao and as Facebook seeks to gain entry to the massive market.
"As a beneficiary of and contributor to economic globalisation, China's development is the opportunity for the world," Xi told the annual gathering of advisers to Tsinghua University's School of Economics and Management, according to the official Xinhua news agency.
Mark Zuckerberg listens as Xi tells him, Tim Cook and other multinational bosses about China's open economy. https://t.co/TzxKST6oEB pic.twitter.com/9QiYWXKLg0
— Chris Buckley 储百亮 (@ChuBailiang) October 30, 2017
Under Xi, the Communist Party has increasingly tightened its grip on state-owned companies and has asked foreign firms to include party cells in their offices.
The move has raised concerns that the party may try to create alternative power structures within companies and potentially exercise control over management decisions, as it has in the case of state-owned enterprises.
Apple's Cook, FB's Zuckerberg meet #China's Xi in Beijing; America tech companies have been co-opted by the CCP https://t.co/WTzlQsSOvO pic.twitter.com/MzkPirJ6Yh
— iyouport (@iyouport_news) October 31, 2017
Of the more than one hundred thousand foreign-funded companies in China, 70 percent had set up party organisations by the end of 2016, according to Qi Yu, deputy head of the party's Organisation Department.
Foreign companies regularly complain about the lack of access to Chinese markets and Zuckerberg in particular has made a big show of courting the country's top leadership in hopes of convincing Beijing to relax its ban on Facebook.
The Silicon Valley entrepreneur has been photographed with a collection of Xi's writings and happily jogging across Tiananmen Square in choking pollution. He has also given a lecture in China in halting Chinese.
The company has recently begun staffing up on the mainland, but appears to have made little progress in convincing Beijing to change its mind, a prospect that seems even less likely as the country tightens social media controls.
Tsinghua University's business school has attracted a bevy of A-list advisers from the worlds of tech and finance, including Blackstone's Stephen Schwarzman, Goldman Sachs' Lloyd Blankfein, and Tesla's Elon Musk, as well as China's own leading entrepreneurs, such as Alibaba's Jack Ma.
