CGCC hosts Chinese New Year gala in New York to celebrate China-US collaboration across industries

The China General Chamber of Commerce-USA (CGCC-USA) on Thursday hosted the annual Chinese New Year gala in New York, bringing together diplomats and business leaders to celebrate the ongoing China-U.S. collaboration across industries.

Chairman of CGCC-USA Hu Wei and Chinese Ambassador to the United States Xie Feng, among others, attended the event.

"We want to deliver the message to the business community, to the policymakers of the two sides, and to the heads of state of the two sides. We do believe that the synergy between the two sides is there, especially in the business side. So, we do have opportunities to expand that market. So that's why we gather here. We try to get together to a brighter future," Hu said.

"In 2025, President Xi Jinping and President Donald Trump spoke on the phone four times, exchanged several letters, and held a successful summit in Busan, recalibrating the course of the giant ship of the China-U.S. relationship," Xie said.

The event honored companies driving investment, innovation, and cross-border cooperation.

"I think that in general, companies like to do business with people where they can have relationships wherever they're from. And over the years, decades actually, in Vornado, we've had outstanding relationships with many of the Chinese banks, and they've been great supporters, partners. And so, I think as you get to know people and you go through the ups and downs on the life cycle of deals, you develop that shared friendship. And as we get through it, [we will] still do business many, many years later," said Michael Franco, president and CEO of Vornado Realty Trust, a real estate investment trust based in New York.

As the Year of the Horse draws close, CGCC emphasized that momentum and partnership remain key to strong China-U.S. relations.

"[No] one can tell the future, but the only certain solution for us is to enhance communication and cooperation. So, it's the only, the best solution for all of us," said Zhang Jianyu, vice chair of CGCC-USA.

CGCC hosts Chinese New Year gala in New York to celebrate China-US collaboration across industries

CGCC hosts Chinese New Year gala in New York to celebrate China-US collaboration across industries

CGCC hosts Chinese New Year gala in New York to celebrate China-US collaboration across industries

CGCC hosts Chinese New Year gala in New York to celebrate China-US collaboration across industries

Saudi Arabia and Pakistan have reaffirmed that they will not seek normalization of ties with Israel, rejecting U.S. President Donald Trump's call for the two countries to join the Abraham Accords.

Saudi Arabia's position on the Palestinian issue remains unchanged, a Saudi source told Al Arabiya TV on Monday.

The source affirmed the need for "an irreversible pathway to a Palestinian state".

The remarks came after U.S. President Donald Trump urged Muslim-majority and regional countries to normalize relations with Israel and join the Abraham Accords before the U.S. reaches a peace agreement with Iran.

Saudi Arabia has repeatedly said it would not normalize relations with Israel without the establishment of a Palestinian state.

Pakistani Defense Minister Khawaja Asif said on Tuesday that Pakistan will not join any agreement to normalize ties with Israel, adding that the country will not accept any deal that "conflicts with its fundamental ideologies".

Trump on Monday urged Saudi Arabia, Qatar, Egypt, Jordan, Turkey and Pakistan -- countries involved in mediating U.S.-Iran talks -- to immediately join the Abraham Accords, warning that otherwise they should not participate in the mediation.

He added that if a U.S.-Iran deal is reached, Iran should also join the agreement.

The Abraham Accords, brokered by the United States in 2020 during Trump's first term, were established between the Israeli government and Arab countries including the United Arab Emirates, Bahrain, Sudan and Morocco, aimed at rapidly advancing the normalization of relations between Israel and Arab countries.

Before the outbreak of the latest round of Israeli-Palestinian conflict in October 2023, the United States had been pushing for normalization between Saudi Arabia and Israel.

After the conflict erupted, Saudi Arabia suspended normalization talks with Israel.

Saudi Arabia, Pakistan reject Trump's Abraham Accords demand