Rachel Farmer
Manager, Business Advisory Services
Washington, DC
Rachel is a manager of business advisory services at USCBC in Washington, DC. Prior to joining the Council, she worked as a project consultant at APCO Worldwide in Beijing. She holds a master’s degree in Chinese politics and foreign policy from Tsinghua University and a bachelor’s degree in global studies and Asian studies from the University of North Carolina at Chapel Hill. She is proficient in Mandarin and lived in China for many years.
19 Posts
Member Exclusive
China Mulls Benefits of Yuan-Backed Stablecoins to Combat Dollar Dominance
Beijing is contemplating how to secure a foothold in the international monetary system as Washington pushes ahead with dollar-linked stablecoins to solidify the greenback’s dominance. Today’s total stablecoin market capitalization is roughly $265 billion, with US dollar-denominated stablecoins accounting for about 99% of the global market.
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Momentum Builds in Washington to Delist Chinese Firms From US Exchanges
A subset of lawmakers have long argued that listing on US exchanges allows Chinese firms to benefit from American capital while supporting China’s military modernization efforts. In his first term, President Donald Trump launched an effort to prohibit US investments in Chinese companies deemed to be connected to China’s military, resulting in the delisting of several major Chinese state-owned enterprises.
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Trump Administration Preparing to Terminate Decades-old Tax Treaty with China
Terminating the treaty would have significant financial and operational consequences for most, if not all, American companies operating in China. The treaty contributes to a level playing field for American companies in China. For example, the treaty establishes a mutual agreement procedure, a mechanism through which US companies can request relief from Chinese taxation that is inconsistent with the treaty.
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China’s Quarterly Growth Beats Expectations as Economy Braces for Tariff Shock
China’s economy got off to a strong start in 2025, but it is uncertain whether this momentum can be maintained amid an intensifying trade war with the United States. According to data released by the National Bureau of Statistics, China’s first quarter real GDP reached 31.88 trillion yuan ($4.37 trillion), increasing 5.4% year-on-year and surpassing most forecasts.
China’s Economy Rallies to Reach Growth Target, 2025 Outlook Remains Uncertain
China’s economy experienced a moderate rebound in the final quarter of 2024, providing the needed push for the country to meet its annual growth target of around 5 percent. According to data released by the National Bureau of Statistics, China’s real GDP in 2024 reached RMB 134.9 trillion ($18.42 trillion), marking 5 percent year-on-year growth.
