Wynn Resorts Chief Executive Officer Craig Billings was among a group of senior US business leaders who met with Chinese Foreign Minister Wang Yi in New York on May 27th to discuss trade, investment and market access issues between the United States and China.
The meeting was organized through the US-China Business Council (USCBC) and included members of the National Committee on US-China Relations (NCUSCR), as well as representatives from universities and think tanks. Participants discussed market access, the need for a level playing field for US companies operating in China, and the importance of a fair, predictable and stable business environment.
According to USCBC, the outcomes of the recent summit between US President Donald Trump and Chinese President Xi Jinping in Beijing were also discussed.
“Today’s meeting was an important opportunity to hear more about the important agreements reached by the two presidents in Beijing and to raise some of the most pressing issues affecting US business in China,” USCBC President Sean Stein said in a statement.
“The consensus between President Trump and President Xi is bringing much needed stability and predictability to the relationship. We are now looking for the two sides to focus on the long-standing barriers and market access issues that harm business and undermine stability,” he added.
Billings participated in the meeting in his capacity as a USCBC board director. Other attendees included Chubb Chairman and Chief Executive Officer Evan G. Greenberg, Merck & Co. Chairman and Chief Executive Officer Robert M. Davis, The Estée Lauder Companies President and Chief Executive Officer Stéphane de La Faverie, Atlas Air Worldwide Chief Executive Officer Michael Steen and Condé Nast Chief Executive Officer Roger Lynch.
For Wynn Resorts, the meeting is particularly relevant given the company’s significant presence in Macau through its subsidiary, Wynn Macau. The company operates the integrated resorts Wynn Palace and Wynn Macau, making China one of its most important markets.
USCBC, established in 1973, is a private, nonpartisan, nonprofit organization representing major American companies that do business in China.
