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Trump-Xi Summit Delayed, USG Rebuilding Leverage, and House Sounds China Alarm in Robotics, Pharma
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Trump-Xi Summit Delayed, USG Rebuilding Leverage, and House Sounds China Alarm in Robotics, Pharma

President Donald Trump on Tuesday confirmed that his state visit to China, originally scheduled for the end of March, would be pushed back by “five to six weeks.” China has not confirmed a new timeframe and said it is in communication with the United States on the visit. While the delay means there’s more time to develop deliverables, it also injects uncertainty in the bilateral relationship.

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Hong Kong Announces Changes to Beneficial Ownership Regime

Hong Kong Announces Changes to Beneficial Ownership Regime

Hong Kong’s Financial Services and Treasury Bureau (FSTB) recently issued a consultation document on amending the Companies Ordinance law. If the amendment proposal is approved, companies incorporated in Hong Kong will need to identify their beneficial owners and register with the Hong Kong Companies Registrars.

China Business Review (Archive Only) USCBC
USCBC hosts Comprehensive Economic Dialogue (CED) Luncheon

USCBC hosts Comprehensive Economic Dialogue (CED) Luncheon

On July 18th, the US-China Business Council, the U.S. Chamber of Commerce, and the China General Chamber of Commerce – USA hosted a reception and luncheon in honor of His Excellency Wang Yang, vice premier of the People’s Republic of China. U.S. Chamber of Commerce President and CEO Thomas J. Donohue, China General Chamber of Commerce – USA Chairman Xu Chen gave the welcome remarks. U.S. Treasury Secretary Steven Mnuchin and U.S. Commerce Secretary Wilbur Ross also addressed the luncheon.

China Business Review (Archive Only) USCBC
USCBC 2017 State Export Report

USCBC 2017 State Export Report

The US-China Business Council’s (USCBC) annual report on state exports shows that China continues to be an important destination for American goods and a significant contributor to US economic growth. “Since 2005, USCBC data reveals that US exports to China have grown faster than exports to any other major US trading partner,” USCBC President John Frisbie said. “Despite the slowdown of a maturing economy, growth the past decade is unmistakable. There is no doubt that China is an important market for states across the country and that more must be done to strengthen US exports to China.”

China Business Review (Archive Only) USCBC

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