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Xi Jinping wants Starbucks and Howard Schultz to help repair US-China ties

January 14, 2021. Summarized by summa-bot.

Compression ratio: 69.1%. 1 min read.

SEATTLE, WA - MARCH 23: Starbucks CEO Howard Schultz speaks about the Christmas cup controversy during the Starbucks Annual Shareholders Meeting on March 23, 2016 in Seattle, Washington. Schultz also spoke about Starbucks in expansion in China. (Photo by Stephen Brashear/Getty Images)

China's president has written to Starbucks' former chairman Howard Schultz, urging him to help promote US-China relations, according to Chinese state media.

Hong Kong (CNN Business)China's leader has called on Starbucks' former chairman Howard Schultz to help promote US-China relations, according to Chinese state media.

State-run news agency Xinhua reported on Thursday that Chinese President Xi Jinping had written to Schultz, encouraging the American billionaire and the global coffee giant he ran for years to improve economic and trade ties.

According to a person familiar with the matter, Schultz recently sent the Chinese president a translated copy of his latest book, "From the Ground Up: A Journey to Reimagine the Promise of America. " The correspondence included a letter to Xi, which pointed to Starbucks' longstanding commitment to China and its employees there, the person added.

Starbucks referred a request for comment from CNN Business to Schultz's representative, who did not immediately respond outside regular US business hours.

According to Xinhua, Xi suggested that Schultz and Starbucks (SBUX) "continue to play a positive role in advancing" relations between the two countries.

Xi also emphasized that China was working to open up further to "enterprises from across the world, including Starbucks and other American companies," the agency reported.

Schultz stepped down as chairman of Starbucks in 2018, after which he took on the honorary title of chairman emeritus.

During his four decades at Starbucks, he positioned the company as a progressive champion in corporate America.

Schultz has also addressed US-China ties.

China is Starbucks' top overseas growth market.

The country [of] America should not be building walls of any kind.

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