“The United States and China have benefited enormously from trade and investment, and it’s important the we continue to make improvements that drive job creation and growth in both countries,” said Tom Linebarger, USCBC Board Chair and Chairman and CEO of Cummins Inc. “Unfortunately, political tensions and existing substantive issues such as market access barriers, IP protections, and the need for SOE reform have hindered further success and caused challenges for businesses."
Despite an unprecedented downturn in US-China relations during a pandemic, US businesses are not leaving the China market. This was a major finding of an annual survey of members released today by the US-China Business Council (USCBC), a trade group representing more than 200 businesses, many of them global brands with decades of China experience.
Today, the US-China Business Council (USCBC) announced the election of new officers and board members, including its incoming chairman, Tom Linebarger, chairman and chief executive officer of Cummins Inc. “I’m honored to serve the USCBC with a strong team of business leaders,” said Linebarger. “We will continue the work of cultivating a relationship with China that is fair, respectful, and mutually beneficial. We have an opportunity to help inform policies that move the global economy forward and drive...