USCBC in the News
China’s macroeconomic problems emerged this year as the No. 2 concern among American companies with business in the country, coming in just behind problems arising from bilateral friction, according to a Washington-based trade association survey released on Friday. “Weak” domestic demand and “overcapacity” are constraining company profitability in the world’s second largest economy, the US-China Business Council said in a summary of its summer 2024 survey of companies, conducted in June and July.
Washington's tougher trade rules regarding Beijing have damaged relationships between American and Chinese companies while China's economic slowdown has sapped business optimism, a new survey shows. The US-China Business Council said its members have been harmed by the years long bilateral tensions that prompted the White House to impose more export controls, tariffs and trade regulations on American business activity in China.
The Wednesday meeting attendees, which also included leaders from major nonprofit organizations such as the National Committee on US-China Relations and US-China Business Council, applauded recent measures rolled out by Beijing aimed at further reform and opening up, and expressed support for efforts bolstering exchanges and communication, the foreign ministry statement said.