“It’s a step in the right direction,” said Jake Parker, senior vice president of the US-China Business Council. “It also builds momentum to tackle all the more difficult issues.”
USCBC in the News
The institute also notes that a recent member survey by the US-China Business Council “found that 97 percent reported that their operations in China are profitable, and 87 percent said they had not relocated and had no plans to relocate any of their activities.”
The global economic crisis of 2008 pushed China’s ambitions both in the area of science and technology, and territorial expansion. While the developed world suffered, China rode out the crisis and, indeed, gained from it. In October 2010, China announced that it was developing seven strategic emerging industries to reorient the country’s economic development model: new energy vehicles, new materials, high-end manufacturing, pharmaceuticals and biotechnology, next-generation IT, and energy-efficient...