USCBC in the News


U.S. exports of pharmaceuticals and medicines to China, meanwhile, rose 38% last year, according to the U.S.-China Business Council. But drugmakers’ entry to the vast Chinese market also comes at a cost, as authorities drive a hard bargain in a bid to make drugs affordable, and local competition is fierce.


According to the U.S.-China Business Council's recently released U.S. Exports to China report (2023), China was the United States' third-largest goods export market in 2022 and its sixth-largest services export market in 2021. By patronizing goods and services from the United States, in 2021, China supported 1.06 million jobs in the world's largest economy, becoming one of the three countries to achieve this feat – Canada and Mexico are the other two countries.


China is also a major export market, with half of all soybeans that the United States sends abroad going to China. The U.S.-China Business Council estimated that U.S. exports to China supported nearly 1.1 million jobs in the United States in 2021.

China’s new leadership is less than a year old, but starting on Saturday it plans to take bigger steps towards a more open...
Chinese Vice Premier Wang Yang on Friday pledged to improve the commercial environment and called for closer ties between...
Board members of the US-China Business Council (USCBC) are in China to press senior government officials and business leaders...
Companies from IBM to Starbucks are struggling with new obstacles in China as Communist Party officials tussle over the...
The Chinese export market is booming for U.S. companies, and as China’s middle class grows, so will opportunities for American...
American companies’ enthusiasm for investing in China has been dampened by a combination of policy uncertainty, an economic...