CEOs Underscore the Importance of the US-China Bilateral Relationship

Chinese and American senior business leaders meet to foster and expand collaborations while seeking to reduce trade tensions

BEIJING, October 18, 2019 -- The US-China Business Council (USCBC) and the China Council for the Promotion of International Trade (CCPIT), along with the China Chamber of International Commerce (CCOIC) today co-hosted a CEO Dialogue between senior Chinese and American leaders in Beijing on October 17th. Bank of China Chairman Liu Lian’ge and USCBC Board Chair Evan Greenberg co-chaired the dialogue.
“As the two largest economies and the most important bilateral relationship in the world, the United States and China have benefited enormously from trade and investment ties,” said Evan Greenberg, USCBC Board Chair and Chairman and CEO of Chubb. “Unfortunately, current tensions are impacting the commercial environment for companies in both countries. Business leaders have an interest in seeing the concerns about bilateral trade and investment addressed in order to establish a fair, balanced, and sustainable economic relationship. China is a very important market for the US companies, and we look forward to a continued reciprocity of opportunity for American companies operating here.”

“The 70th anniversary of the founding of the PRC is an important milestone. Over that time our countries shared history of cooperation and engagement has benefited both nations. US companies have played an important role in this transformation, and we look forward to continuing this relationship in a spirit of free and fair trade.”
“The 13th round of US-China high-level commerce and trade talk has made a substantial progress under the guidance of two state leaders.” said Liu Lian’ge, Bank of China Chairman. “A dialogue under such circumstance has a particular significance. The global economy downturn pressure is increasing along with other uncertainties. Healthy and stable bilateral commerce and trade relationship is beneficial for both sides and also the world.”

“China has accelerated the transformation of its economic growth from export and investment centered to consumption centered. China has also promoted a new round of high-quality opening-up with great efforts. This is a huge market with 1.4 billion consumers, which will provide tremendous opportunities for the development of multinational companies, including American companies. Both sides should strengthen the dialogue between our people, including entrepreneurs, to boost mutual understanding and cooperation. It should be a joint effort to promote the US-China commerce and trade cooperation and the global development.”

Discussion topics included: 

  • The current economic and policy environment in both countries;
  • CEO views of the bilateral investment, trade relationship, and challenges faced by both countries;
  • Global economic trends and their implication for industrial development; 
  • The role of business leaders in maintaining mutually beneficial relations; and
  • What the business community can do to help both sides overcome challenges to keep business growing during an uncertain bilateral relationship.

During the discussion, Chinese and American attendees reaffirmed that both sides must continue to work together in promoting commercial cooperation and opposing protectionist trade and investment policies.
This marks the third US-China CEO Dialogue co-hosted by CCPIT and USCBC.
Chinese Participants:  Liu Lian’ge, Chairman, Bank of China Limited; Miao Jianmin, Chairman, the People’s Insurance Company (Group) of China Limited; Zhang Xiaolun, Chairman, China National Machinery Industry Corporation; Lu Yimin, President, China General Technology (Group) Holding Co., Ltd.; Zhou Zixue, Chairman of the Board, Semiconductor Manufacturing International Corporation; Lu Weiding, Chairman and CEO, Wanxiang Group; Liu Junyi, Vice Chairman and General Manager, Shanxi Lu'an Mining (Group) Co., Ltd.; Lai Cunliang, Deputy General Manager, Yankuang Group Co., Ltd.

US Participants: Evan Greenberg, USCBC Chair and Delegation Leader, Chairman and Chief Executive Officer, Chubb; Joshua Bolten, USCBC invited guest, President & CEO, Business Roundtable; Doug McMillon, USCBC Vice Chair, President and Chief Executive Officer, Walmart, Inc.; Craig Allen, President, The US-China Business Council; B. Marc Allen, President, Embraer Partnership and Group Operations, The Boeing Company; Gary E. Dickerson, President and Chief Executive Officer, Applied Materials, Inc.; Brian Duperreault, President and Chief Executive Officer, American International Group; Kewsong Lee, Co-Chief Executive Officer, The Carlyle Group; Steve Voorhees, Chief Executive Officer, WestRock; Keith Williams, President and Chief Executive Officer, UL LLC; Samir Serhan, Executive Vice President, Air Products and Chemicals, Inc; Jacob Parker, Senior Vice President, The US-China Business Council.