Billionaire Elon Musk confirmed via a post on social media that he is traveling to Beijing with President Donald Trump aboard Air Force One for a summit with Chinese President Xi Jinping. This high-profile visit, which includes a delegation of over a dozen US corporate executives, underscores the efforts of US tech and industrial leaders to maintain a strong presence in China, the world's second-largest economy. This marks the first visit by a sitting US president to China in almost ten years. President Trump is expected to seek economic breakthroughs and improved trade ties amidst global tensions and domestic political pressures. The visit is particularly significant for Nvidia, as the company faces challenges in getting approval to sell its advanced artificial intelligence chips in China. Prior to the summit, US Treasury Secretary Scott Bessent met with Chinese officials in South Korea to discuss stabilizing a fragile trade deal from the previous year. Trump's emphasis on the importance of the business delegation highlights the ongoing economic engagement between the US and China.