USCBC’s Forecast 2017
On January 25, 2017, the US-China Business Council hosted Forecast 2017, a half-day program featuring comprehensive projections for the Chinese business and political environment in the year ahead. This annual event joined leading China business analysts and policymakers to discuss key challenges and offered an opportunity for companies to learn more about what may be ahead just five days into the new Trump administration and what Congress’s priorities will be, as well as other key issues that companies will contend with in China in 2017 and beyond.
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Inauguration: Trump puts forth 'America First' policy
Donald Trump was sworn in as US president on January 20 and used his inaugural address to lay out his vision for US engagement with the world on trade and other issues. A top advisor has noted that Trump’s approach will be in contrast to the views recently expressed by Chinese President Xi Jinping. Trump put forth his “America First” policy: “Every decision on trade, on taxes, on immigration, on foreign affairs, will be made to benefit American workers and American families. We must protect our borders from the ravages of other countries making our products, stealing our companies, and destroying our jobs. Protection will lead to great prosperity and strength.”
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USCBC Oxford Economics Job Study
The US-China Business Council (USCBC) is pleased to have commissioned this study by Oxford Economics on the overall impact of China on the US economy. During last year’s election campaign, the negative impact of trade with China, such as estimates of jobs lost, received considerable attention. In most cases, the presented data fails to provide a balanced assessment that incorporates the positive effect of the commercial relationship with China. Presenting only the negative impact and ignoring the jobs created, lower inflation, and other benefits of trade with China can lead to policies based on incomplete or misleading information. Oxford Economics’ study, through its analysis of the economic relationship with China, provides a sound basis for such a policy discussion.
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