Research & Analysis

As China’s 385 million people aged 18 to 35 reach adulthood, these Millennials are taking control of the world’s second-largest economy. While China’s economic growth has slowed in recent years, it remains well over 6 percent. As that growth continues and the country’s economy becomes an even greater force in the international marketplace, these Millennials will have influence in not only China, but the world as a whole. Watching and learning from them, and anticipating their needs and tendencies should already be high on international corporations’ agendas as they consider the future of business.

Chinese companies collectively spent nearly $200 billion buying their foreign counterparts in the first nine months of 2016, with an additional increase in spending expected in the final quarter of the year. China’s historical emphasis on resources has been replaced with a desire to diversify its risk and asset base, with a host of deals this year across multiple sectors ranging from technology to distribution and agriculture.

The Antitrust Division of the US Department of Justice (DOJ) is vigorously pursuing civil and criminal actions against individuals—not simply the companies they run. The issues raised by the DOJ’s enhanced enforcement directive aimed at individual culpability is perhaps most acute for companies in Asia with current operations or plans to enter the US market.

Drones are a young and multifaceted industry that have only recently begun to show their true potential. In China, drones are now being used to change the business landscape and alter how companies conduct their operations in a wide variety of commercial sectors, from agriculture to mining to cinematography.

Cold chain logistics form the foundation to supply perishable products—fresh fruits and vegetables, meat, dairy, aquaculture products, fresh flowers—and medical products—drugs, reagents, vaccines, biological products—that have strict temperature, humidity, and other environmental requirements.

This sixth priorities statement issued by USCBC’s board of directors comes at an important time. The United States has a new administration that is developing its policy approach to manage the US-China relationship. China’s reforms are entering their fourth year, but the slow pace and mixed signals of economic reforms so far are leaving the American business community uncertain about policy direction and undermining confidence.