On June 7, USCBC hosted a reception to welcome new board chair, Evan Greenberg, Chairman and CEO of Chubb, as well as its new officers and directors. More than 170 guests attended the event, including nearly 20 C-suite level business executives from major American companies and USCBC board directors. Among other distinguished stakeholders in US-China relations, were China’s ambassador to the United States, H.E. Cui Tiankai, US Senate Majority Leader Mitch McConnell, Rep. Ed Royce (CA-39), Chairman of the House Foreign Affairs Committee; United States top envoy to China, Ambassador Terry Branstad and his wife Chris, and the Co-chairs of the Us-China Working Group Rep. Rick Larsen (WA-2) and Rep. Darin LaHood (IL-18).

"For more than four decades, the US-China Business Council has represented American business interests in China, a very important market for US companies,” said Greenberg. “We advocate for greater US business access to and freedom of trade and investment in China, both of which will create more US jobs and benefit the Chinese people. At the same time, we support Chinese investment in the United States, which is a growing source of US job creation."

The Chinese healthcare sector, which accounted for 6 percent of the country’s GDP in 2016, is expected to capture a 10 percent share in the coming years. Racing to establish a modern system of coverage, services, and products to accommodate the world’s largest population and fastest growing economy, China faces a number of development challenges. As China increasingly makes use of foreign products, services, and expertise to accomplish its reform goals, foreign companies are in a position to advance China’s reform goals in the healthcare sector, if allowed market access.