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Press Releases

US Business Leaders Meet with China’s Foreign Minister Amid Rising Bilateral Tensions and Declining Business Optimism

A small group of business executives with member companies of the US-China Business Council (USCBC), the National Committee on US-China Relations (NCUSCR), and the US Chamber of Commerce met with State Councilor and Foreign Minister Wang Yi today in a private meeting on the sidelines of the United Nations General Assembly. The meeting comes at a time when US-China relations are at their lowest point in recent history. The meeting took place after the recent release of a USCBC member survey report...

Confidence in the China Market Falters Amid COVID-19 Restrictions, Geopolitical Tensions

Optimism about the future business outlook in China has dropped to a record low according to an annual membership survey from the US-China Business Council, an organization representing more than 270 US companies that do business in China. That said, companies continued to report strong performance metrics for the last year, with 89 percent saying their China operations are profitable. China’s COVID-19 containment strategy now poses the top challenge to businesses. Ninety-six percent of companies were...

USCBC in the News

Obstacles pose threat to Sino-US relations

Rory Murphy, vice-president of Government Affairs at the US-China Business Council, said that the US attitude and policy toward China after the midterm elections is likely to remain tough, if not tougher. "Regardless of which party wins either chamber, there is no doubt going to be a continued focus on China. The politics around being tough on China are just simply too tempting for lawmakers," said Murphy. "If you look pre-2017, the number of bills and resolutions related to China was remarkably...

‘Nobody can replace China’, so why are US companies reassessing options?

In an August survey by the US-China Business Council, 96 percent of respondents said they saw negative effects from Covid controls on their businesses, including halted investment, lost profit, and disrupted supply chains. Decoupling between the world’s two largest economies is complicating matters further, as both countries move to shore up production in sensitive industries like semiconductors and biotech.

Apple’s tech supply chain shows difficulty of dumping China

A recent survey from the US-China Business Council found that US firms’ optimism about China has already fallen to a record low and evolving challenges - such as China’s COVID-zero policy, power cuts and geopolitical tensions - have caused more than half of surveyed companies to delay or cancel planned investments in China. Nearly a quarter of the survey respondents said they’ve moved segments of their supply chains out of China over the past year.