President Donald Trump announced on Thursday that China has agreed to invest “hundreds of billions of dollars” into American companies.
Speaking on Fox News’ “Hannity” about his meeting overseas this week with Chinese President Xi Jinping, Trump revealed that he’d surprised his foreign counterpart by bringing some of America’s top CEOs with him to China for their grand meeting.
“I suggested that before we start the meeting, ‘I’d like to introduce them to you,'” he recalled. “And they were surprised, because it wasn’t scheduled. Xi actually said that was very good. That was a good idea, but it was very different from what the schedule had.”
Sean Hannity asks President Trump point blank about China, “How did this meeting go?”
Trump then gave a rare behind-the-scenes look at his high-stakes meeting with President Xi Jinping in Beijing.
TRUMP: “It was a long meeting.”
“It started off interestingly because they are… pic.twitter.com/ev4NkYUJpD
— Overton (@overton_news) May 15, 2026
Their presence impressed Xi so much that he agreed to pour “hundreds of billions of dollars” into the same companies the CEOs run.
“Those business people are here to make deals and to bring back jobs,” the president said. “China’s going to invest hundreds of billions of dollars with those people that were in that room today. That’s why they came.”
As an example, he said China would order 200 Boeing planes, making it its first purchase of U.S. commercial jets in about a decade.
President Trump just revealed the real reason he brought 30 of America’s top business leaders with him to China.
He said they’re there to make huge deals and bring jobs back to America — potentially HUNDREDS of BILLIONS of dollars worth.
TRUMP: “Those business people are here… pic.twitter.com/9JGsxpk9NE
— Overton (@overton_news) May 15, 2026
Asked by the BBC about the president’s remarks, Chinese foreign ministry spokesperson Guo Jiakun said that the “essence of China-US economic and trade relations is mutual benefit and win-win co-operation.”
He added that both the U.S. and China should work to implement the “important consensus” reached by Trump and Xi.
The White House, meanwhile, issued an official statement after the meeting between Trump and Xi.
“The two sides agreed that the Strait of Hormuz must remain open to support the free flow of energy,” the statement reads.
“President Xi also made clear China’s opposition to the militarization of the Strait and any effort to charge a toll for its use, and he expressed interest in purchasing more American oil to reduce China’s dependence on the Strait in the future. Both countries agreed that Iran can never have a nuclear weapon,” it continues.
The two sides discussed ways to enhance economic cooperation between countries, including expanding market access for American businesses into China and increasing Chinese investment.
Leaders from many of the United States’ largest companies joined a portion of the meeting. pic.twitter.com/i3Q1ogde2E
— The White House (@WhiteHouse) May 14, 2026
During his bilateral meeting with Xi, the president also got his counterpart to agree to withhold military equipment from Iran, according to The Hill.
“[Xi] said he’s not going to give military equipment. That’s a big statement. He said that today,” Trump revealed. “He said that strongly, but at the same time he said you know they buy a lot of their oil there and they’d like to keep doing that. He’d like to see Hormuz strait opened.”
Throughout the Iran War, Chinese officials have been adamant in their claim that they haven’t been supplying Iran with weapons.
“We have responded to such questions many times, and we oppose the spread of false information,” Zhang Xiaogang, a spokesperson for the Chinese Ministry of National Defense, told reporters last month.
However, The New York Times alleged in a report published Wednesday that Chinese companies have in fact been discussing arms sales with Iran.
“Chinese companies have been discussing arms sales with Iran, plotting to send the weapons through other countries to mask the origins of the military aid,” the Times reported, citing U.S. officials as a source.
The Times previously reported that “China may have [already] transferred shoulder-fired missiles, known as MANPADS, to Iran.”
“Such weapons are capable of shooting down low-flying aircraft. Intelligence also showed that China was considering other shipments of the weaponry,” according to the paper.
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V. Saxena is a staff writer with a decade of experience as a professional writer, and a lifetime of experience as an avid news junkie. He holds a degree in computer technology from Purdue University. Saxena also contributes to BizPac Review.
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