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China's Xi meets Bill Gates, calls him 'an old friend' Chinese President Xi Jinping called Bill Gates "an old friend" and said he hoped they could cooperate in a way that would benefit both China and the United States, in Xi's first meeting with a foreign entrepreneur in years. In a meeting at Beijing's Diaoyutai state guest house, where China's leaders have traditionally received senior foreign visitors, Xi said he was very happy to see the Microsoft (MSFT.O) co-founder and philanthropist after three years, and that Gates was the first American friend he had met this year. "I often say the foundation of U.S.-China relations lies with its people. I place my hopes on the American people," a video published by state broadcaster CCTV showed Xi as saying. read more