Yahoo Finance’s Seana Smith speaks with US-China Business Council’s Anna Ashton about the latest developments in US-China trade discussions on The Ticker.
USCBC in the News
Such hassles may not stem the tide of interest in China. The country is expected to generate about one-third of global GDP over the next 10 years, so it’s understandable why U.S. companies want to be in and doing business with China, writes Doug Barry, director of communications and publications at the US-China Business Council. A modest trade agreement also remains possible, Barry said in an email. Although his group believes “decoupling” the U.S. and Chinese economies would be a disaster, a...
Yet Doug Barry from the US-China Business Council says it’s more complicated than a simple pivot to new production centers. “China became the world’s factory for a reason. They had the land, they had the resources, but they also had the people— both in numbers and skills. The Chinese have become very good at making complicated things. It’s one of the reasons Apple has most of its iPhones assembled in China. That won’t be easily replicated in other places.”