USCBC in the News

02/21/2020 Jake Parker, senior vice president of the US-China Business Council (USCBC), told reporters in a recent press conference that many companies have been trying to diversify their supply chain to reduce risks in the last few years, but this doesn't mean that they're "divesting" from China. "It means that they're increasing their investments in China to serve a local market. Also building new capacity outside of China to ensure regionalization of those supply chains and to lower the overall risk," said Parker...
02/19/2020

Jacob Parker, senior vice president of the US-China Business Council, said that the administration was notorious for giving mixed messages on such policies and that he was hopeful that the White House would put out a formal notification that the tighter rules affecting companies that sell components to Huawei are off the table. “We hope that the message that this is undermining the ability of companies to invest in long-term research and development is beginning to resonate with those in the...

02/19/2020

“China plays an important role in the international trading system. That role will evolve but I don’t see reliance changing,” said Doug Barry, senior director of communications and publications at the US-China Business Council, who added that US businesses “remain bullish” on China. “Those taking a long-term view are betting the economy will continue to grow faster than in most other markets and that the Chinese consumer in particular will propel growth,” Barry said. “Companies want to be in China. They...

06/09/2017
The US-China Business Council (USCBC) announced today the election of Evan Greenberg, Chairman and Chief Executive Officer of...
06/08/2017
Speaking at the US-China Business Council annual meeting, US Treasury Secretary Steven Mnuchin said a bilateral investment deal...
06/07/2017
“As it related to CFIUS, there are some technical issues and some technical changes that we’re working on legislative fixes for...
06/01/2017
Still, companies are uneasy that they have yet to be given details of how the law will be implemented, said Jake Parker, vice...
06/01/2017
"Data security is based on the best available technology internationally, and our companies already have robust IT systems in...
05/30/2017
"It's been enormously difficult for our companies to prepare for the implementation of the cybersecurity law, because there are...
05/26/2017
“Almost all our companies are making moves to ensure that the majority of the data they collect in China is stored on servers...
05/26/2017
Another provision is already having an impact, according to Jake Parker, vice-president of the US-China Business Council in...
05/25/2017
“Almost all our companies are making moves to ensure that the majority of the data they collect in China is stored on servers...
05/20/2017
The U.S. beef industry is an obvious winner. "Beef is a great symbolic move by the Chinese government," said Jake Parker, vice...
05/16/2017
“Our concerns encompass enormously consequential issues for China’s economy, its relations with economic and commercial...
05/12/2017
Jacob Parker, vice president of China operations at the U.S.-China Business Council, said the outcomes addressed "some of the...
05/12/2017
According to the office, the Chinese government has issued registration certificates to 82 overseas NGOs since a law took...
05/10/2017
The industry and information technology ministry said in a statement Friday that it was a “misreading of the situation” to say...
05/03/2017
The US-China Business Council (USCBC) has released a statement of priority actions needed to continue strengthening the...
05/02/2017
In 2016, Chinese companies' direct investment in the US increased 132 percent, as compared to their American counterpart's 52.6...
04/26/2017
Beijing already requires overseas cloud providers to form joint ventures to operate in the country. “The access for foreign...
04/25/2017
U.S.-China Business Council Vice President of China Operations Jacob Parker weighs in on the challenges of investing in China....
04/24/2017
Trade between the world’s two biggest economies supports around 2.6 million American jobs, according to the U.S.-China Business...
04/18/2017
China remains a lucrative market for foreign-branded cars, iPhones, high-value engineering equipment and other costly items....

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