USCBC in the News
03/15/2023
But there is that business aspect which undercuts our perceptions of reality in many sobering ways. For instance, according to a report by the US-China Business Council, China is South Dakota’s top market for exported goods, most of which is agricultural in nature. In 2017, this state exported $804 million in goods to China, which was enough to support 9,600 jobs here. Amid the tariff wars during President Donald Trumps’ tenure, South Dakota lost $370 million in exports intended for China, according to...
03/07/2023
Craig Allen, president of the US-China Business Council and a former US official, said Li sought to level the playing field for foreign businesses, pointing to the speed with which US carmaker Tesla was able to get its Shanghai factory there operational in 2019. "Clearly nothing got in the way once a decision was made. There was a clarity of a kind in his decision making, an authority, and that really helps," said Allen, describing Li as comfortable in his own skin.
03/07/2023
Completely unmentioned were all the benefits of trade with China. The US-China Business Council notes: “American companies exported $192 billion in goods and services to China in 2021, constituting 7.5 percent of US exports … Exports to China support over 1 million US jobs.” Meanwhile, cheap Chinese exports have fueled US prosperity — and, until recently, with low inflation.
09/08/2022
Biden has previously ignored calls by the business community to ease trade tensions with China. As the two countries approach...
09/08/2022
There has been a record outflow of portfolio investments via the Stock and Bond Connects. More than 20 percent of American...
09/07/2022
On September 2, 2022, Deputy Director of the Office of the Central Commission for Financial and Economic Affairs and Vice...
09/06/2022
The figures help to explain why inbound investment has continued to set new records each year despite an increasing number of...
09/02/2022
China’s Zero-Covid approach is a major reason pessimism among US companies operating in the country has hit an all-time high in...
09/02/2022
US-China Business Council survey finds that 96% said policies hurt business and half said they altered investment plans, though...
09/02/2022
Strict COVID-19 control measures in China have overtaken sour US–China relations as the top concern of US companies in the...
09/01/2022
Separately, and somewhat less surprising, a survey by the US-China Business Council of its 117 members found over half...
09/01/2022
Beijing's zero covid policy has become a top concern for US firms as strict lockdowns had forced US companies to shut down for...
08/31/2022
China’s stringent Covid controls including lockdowns and travel restrictions have become a top challenge for foreign companies...
08/31/2022
American firms are losing confidence in China, according to an annual survey from the US-China Business Council. The poll of...
08/31/2022
The pandemic has supercharged efforts to diversify suppliers and maintain supply chain resilience. Amid a private and federal...
08/31/2022
They made the remark after the US-China Business Council released a survey on Monday in which US companies continued to report...
08/30/2022
Strict COVID-19 control measures in China have overtaken sour U.S.-China relations as the top concern of U.S. companies in the...
08/30/2022
Sentiment about operating in China among U.S. businesses has plummeted to a new low, driven largely by Beijing’s continued use...
08/30/2022
Ninety-six percent of companies were negatively impacted by China’s Covid-19 control measures and more than 50% say their...
08/30/2022
American companies' business outlook for China has sunk to a record low, according to a new survey released on Monday, driven...
08/30/2022
Separately, in the geopolitical risk category, a report out yesterday from the U.S.-China Business Council finds that optimism...
08/30/2022
American companies’ confidence on business conditions in China fell to a record low, with Covid-19 curbs posing the biggest...
08/26/2022
“Taiwan and the worsening bilateral relationship make any action on lifting tariffs unlikely this year,” said Doug Barry, vice-...