Xi Jinping seeks Howard Schultz’s help with US-China relations

Xi Jinping seeks Howard Schultz's help with US-China relations

Sounds like Xi Jinping wants to have a Frappuccino with Howard Schultz.

The Chinese president wrote a letter to the former Starbucks CEO asking him to help strengthen the fraying relationship between the US and China.

In the Jan. 6 letter, Xi encouraged Schultz and the coffee company “to continue to play a positive role in advancing China-US economic and trade cooperation and bilateral ties,” China’s state-run Xinhua News Agency reported Thursday.

Xinhua’s report didn’t say whether Xi has written to other American business leaders or what, exactly, he wants Schultz to do.

The letter came two weeks before President-elect Joe Biden’s inauguration. His Democratic administration is expected to work more closely with Beijing

on issues such as North Korea while largely maintaining President Trump’s aggressive trade policies.

Schultz led Starbucks’ expansion in China before he left his role as CEO in 2017 and stepped down as chairman the following year. The chain says it had more than 4,700 stores in China as of Sept. 27, up from 4,125 a year earlier.

Xi was replying to a letter Schultz sent congratulating the Chinese leader on “building a moderately prosperous society,” according to Xinhua.

Schultz — who considered running for president as an independent in 2019 but decided against it — did not immediately respond to a request for comment Friday.

With Post wires

About the author


Steve Murphy

Steve Murphy has handled various businesses throughout his career and has a deep domain knowledge. He founded Report Door in an attempt to bring the latest news to its readers. He is glued to the stock market most of the times and just loves being in touch with the developments in the business world.

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