News Releases

In the face of a pandemic and persistent trade tensions over the last year, US companies in China reported strong profits and growth prospects in one of the largest and fastest growing markets. This is according to the 2021 Member Survey of the US-China Business Council (USCBC), a trade group representing more than 250 companies, including many of the United States’ most iconic brands.

Last year, US goods exports to China surged by $18.5 billion—up almost 18 percent year-on-year—after hitting a near-decade low in 2019. After two years of trade tensions that hurt American consumers and businesses, market openings and Chinese tariff exclusions in support of purchase commitments stoked US exports, according to a study released today by the US-China Business Council (USCBC), a non-partisan trade association representing more than 200 US companies from a wide range of industries.

American business leaders met virtually with Chinese Premier Li Keqiang today to discuss China’s investment environment, industry’s response to the COVID-19 pandemic, bilateral commercial relations, and people-to-people exchanges. Premier Li shared perspectives on China’s recent parliamentary meetings, economic reform trajectory, and views on US-China relations.

After alarming reports of violence in Atlanta apparently targeting the Asian American community, the US-China Business Council (USCBC) calls on local governments and community organizations throughout the country to protect Asian Americans against violence and discrimination.

As the Biden administration takes the reins of US trade policy, the question of what to do with existing tariffs on Chinese goods in the long term remains up in the air. According to a new report from Oxford Economics and the US-China Business Council, the answer is clear—even a moderate reduction in tariffs would lead to an additional $160 billion in real GDP and 145,000 additional US jobs by 2025.

The American business community supports the administration’s efforts to protect American citizens’ privacy and data.

On December 6, USCBC member company leaders held a virtual meeting with Chinese State Councilor and Foreign Minister Wang Yi to discuss China’s perspectives on the bilateral relationship. Wang laid out recommendations for improving US-China relations moving forward and discussed the Phase One trade agreement, China’s new development paradigm of Dual Circulation, and facilitating essential business travel between the two countries.

The US-China Business Council (USCBC) has promoted Melinda Xu to the new role of Shanghai Chief Representative to lead the office’s efforts supporting US companies doing business in China amidst one of the most challenging periods in recent history for the bilateral relationship.

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), this week co-hosted a CEO Dialogue between senior Chinese and American leaders. It was the first virtual CEO dialogue in the 48-year history of USCBC.

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.