President of the United States-China Business Council, Craig Allen, once served as commercial attaché at the US Embassy in Beijing in the early 1990s. "I think that the Belt and Road Initiative is developing infrastructure in places that are often times difficult, that are lacking in infrastructure. I think that it is very painfully obvious that those places need better infrastructure. To the extent that infrastructure is being built that is needed and is economically useful, I think that is a good...
USCBC in the News
Erin Ennis, senior vice president at the US-China Business Council, suggested a later June meeting – perhaps on the sidelines of the G20 at the end of the month – would be more feasible. “It seems like both sides want to have the deal completed first before they’re willing to discuss when and where a summit would happen,” Ennis told CNBC.
Beijing needs to show local governments that it means business. It also needs to demonstrate such commitment to foreign business interests and governments, especially Washington. The US-China Business Council has been especially vocal in calling for the break-up of state-owned monopolies, which close off up to 45 percent of the domestic economy to foreign investment and private domestic firms.