Podcasts about us china business council

New research by the US-China Business Council suggests more than 900 thousand people in the US are supported by exports to China. Will a trade war lead to unemployment and economic downturn in the USA? Listen in with BeiBei and Jason Smith. Hosted on Acast. See acast.com/privacy for more information.

On 13 January 2024, Taiwanese voters went to the polls and elected Lai Ching-Te of the Democratic Progressive Party. Amongst the key points of contention in this election was Taiwan's future relations with China and how to navigate an increasingly contested geopolitical environment. This expert panel reflects on Taiwan's election and explores the potential implications its result may have for Taiwan, for the Indo-Pacific, and for the globe. About the Speaker: Nick Marro is the Economist Intelligence Unit's (EIU) Lead Analyst for global trade. Based in Hong Kong, he has spent over a decade in Asia analysing trade policy. Nick also concurrently helps to lead the EIU's award-winning coverage of China and Taiwan. In that role, he shapes the EIU's view on China-Taiwan relations, including how to prepare for and mitigate the risks attached to cross-Strait tensions. Nick previously conducted trade research in Beijing with the US-China Business Council. He graduated from the University of Virginia with degrees in Foreign Affairs and Chinese and holds graduate certification from the Johns Hopkins-Nanjing University Centre for Chinese and American Studies. Dr. Zsuzsa Anna Ferenczy is Affiliated Scholar at the Department of Political Science of Vrije Universiteit Brussel, Associated Research Fellow at the Institute for Security & Development Policy (ISDP Stockholm), Head of the Associates Network at 9DASHLINE and Consultant at Human Rights Without Frontiers in Brussels. Based in Taiwan, Zsuzsa is Adjunct Assistant Professor at the National Dong Hwa University in Hualien. Between 2008 and 2020 Zsuzsa worked as a political advisor in the European Parliament. In May 2019 she published her book, Europe, China, and the Limits of Normative Power. Zsuzsa is a regular commentator in international media outlets.

* Hunter Biden: I am responsible for my mistakes. * House GOP Starts Contempt Proceedings Against Hunter Biden - Forbes. * December White House Survey, Paid for by the NRSC, Not authorized by any candidate or candidate's committee - NRSC.org * Who should be the Republican Presidential nominee in 2024? * How important is it for a Republican Presidential nominee to advocate for a SECURE southern border? * How important is it for a Republican Presidential nominee to be TOUGH on crime? * How Important is it for a Republican Presidential nominee to UPHOLD conservative values? * Foreign investors are expected to pull $65B in capital out of China in 2024 as rising tensions and worry over the country's economy plague future outlooks - The Institute of International Finance (IIF). * Treasury Secretary Janet Yellen gave a speech on Thursday to celebrate the 50th anniversary of the US -China Business Council, emphasizing that the two countries should not economically "decouple," - Politico.

On today's podcast: 1) Equities held gains after the Federal Reserve validated bets that it will soon move to easier policy and pushed stock market gauges toward all-time highs. 2) Treasury Secretary Janet Yellen said she plans to visit China again in 2024, seeking to deepen areas of cooperation and improve communication even as she vowed to continue confronting Beijing over national security concerns and human rights. 3) Citigroup will shutter its municipal business, one of the most dramatic moves yet by Chief Executive Officer Jane Fraser as she seeks to squeeze better returns out of the Wall Street giant.   Full Transcript:  Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. Karen. Stocks are set for their fifth weekly gain, with rate cut bets giving traders a lot of hope heading into twenty twenty four. Equities are pushing for all time highs after J. Powell indicated this week the Fed could ease monetary policy soon. The S and P is advancing toward its seventh consecutive weekly advance. Oil is looking at its first weekly gain in almost two months. Neil Dutta of Renaissance Macro Research says the Fed is following a framework that will allow the US economy to grow. The die has been cast for this for a little bit of time now, I mean, and that's because inflation is slowing more rapidly than they expect. I mean, I think the Fed is following essentially a rules based framework where they're taking changes in inflation and the unemployment rate and translating that into expectations around the federal funds rate. And that's basically what's happening. In fact, last month, Neil detis that he expected the Fed to cut rates by March, so he says he is not surprised by the pivot, but Nathan Dudda's expectations were not shared by many on Wall streets, such as Peter Sheer, head of Macro's strategy at Academy Securities. Really took me by surprise of how comfortable the power was with cutting rates. So when I was at four twenty, I was getting nervous about risk assets because I thought the only way you have to four percent, given what the FED was saying, is for economic conditions to turn much worse. They didn't turn much worse, and yet we're at four percent because of the FED. So I think we have some room for risk to continue to rally, and it's been a great run. Peter Sheer with Academy Securities also tells Bloomberg, despite hawkish stances from the European Central Bank and Bank of England, he expects more growth outside the US. He specifically focused on shine Up. He anticipates further cooperation with the US and increased stimulus measures, and that's the signal that Treasury Secretary Janet Yellen is sending Karen. She says she's going to visit China again next year with a goal of deepening ties and improving communication with the world's second biggest economy. Speaking of the US China Business Council in Washington, Secretary Yellen said that the discussions will focus on difficult topics, but she expects cooperation from both sides. America's fundamental economic strength means that we have nothing to fear from healthy economic competition with China or any other country. The United States does not seek to decouple from China. This would be damaging to both our economies. Still, Treasury Secretary Yellen says the US will pursue export controls and investment restrictions that have angered China. She did stress the need to engage to prevent what she calls a wide range of diplomatic and financial crises. Well as for the latest moves in China, Nathan, the People's Bank of China pumped a record amount of cash into the economy to try to prop up as struggling property market and boost de mad It marked a bullish signal to investors who have been disappointed in china recent piecemeal approaches to stimulus. Meanwhile, stocks across Asia traded higher on optimism over a FED pivot. Now let's turn to a major move in US banking Karen Bloomberg News has learned City Group is shutting down its municipal bond business. It is one of the most dramatic moves yet in CEO Jane Fraser's ongoing restructuring as she looks to squeeze better returns out of the Wall Street Giant. Bloomberg Finance team leader Sally Bakewell says although the move was expected, it is still a shock. City was an absolute powerhouse in this four trillion market for US state and for local debt. It helped on deals for some very prominent buildings in landmarks, such as the World Trade Center rebuilding the Port Authority of New York and New Jersey. It was also one of the lead underwriters Bloomberg. Sally Bakewell says City will complete the wine down by the end of the first quarter. Source to say the moves expected to effect about one hundred employees and some more news on the labor front this morning, Nathan General Motors cutting more than one thousand, three hundred hourly job. Is it a pair of plants in Michigan. It comes less than a month after GMS he unionized workforce. It proved a new labor contract the counts will take effect January. First s turned to politics Now Karen and messaging out of Washington. President Biden continues to urge Israel to be more cautious in its war with Hamas. Bloomberg z ed Baxter has the details a bit of a change from the message he's delivered for the last week. NIC spokesman John Kirby says keywords are lower intensity possible transitioning from what we would call high intensity operations, which is what we're seeing them do now, to lower intensity operations sometime, you know, in the near future, meaning more surgical operations aimed at a Moss leaders rather than the current force. Biden says the focus should be getting Hamas, but also saving civilian lives. I'm at Baxter Bloomberg Radio, all right, and thanks. Meanwhile, in Europe, Ukraine has taken a win and a loss at the EU leader summit in Brussels. The leaders have agreed to open membership talks with Ukraine, but they couldn't not agree on a new financial aid package. That debate will extend into early next year. Hungary's Victor Orbond planned the are blocked the planned fifty billion euro package despite support from the twenty six other EU leaders. The amount of newly committed Western eight for Ukraine has fallen to its lowest level since Russia's invasion almost two years ago. That has Russian President Vladimir Putin expressing renewed confidence in his war aims at his annual end of year news conference. Coming back to the ghouls, they remain unchanged, I will remind you it means the Nazification, the neutralization all of Ukraine and its neutral status. This was President Putin's first end of your news conference since he ordered the Ukraine invasion in February of last year. S and P futures are higher by three tens of one percent, up thirteen points. Now futures up one hundred and twenty five points, that's again of a third of one percent, and Nasdaq futures are about a third of one percent higher as well, up fifty three points. Global headlines straight ahead, plus a check of sports. This is Bloomberg sor Ry Nathan. Thanks. It's time now for a look at some of the other stories making news around the world, and for that we're joined by Bloomberg's John Tucker. John, good morning, and good morning, Karen. Google Will stop telling police witch users we're near a crime. That story in this report this morning from Bloomberg's Amy Morris, Google is changing its maps tools so the company no longer has access to users individual location histories. It cuts off its ability to respond to law enforcement warrants that ask for data on everyone who is in the vicinity of a crime. The change comes three months after a Bloomberg BusinessWeek investigation that found police across the US are increasingly using warrants to obtain location and search data from Google, even for nonviolent cases and even for people who had nothing to do with the crime. Google will roll out the changes gradually through the next year on its own Android and Apple's iOS mobile operating systems. Amy Morris Bloomberg Radio. President Biden trying to rally support among seniors, highlighting new government caps and prescription drug prices, saying the effort will help crack down on price gouging by the pharmaceutical companies. Year before we pass the cization, drug maker's jacked up prices nearly four times faster and inflation went on and they were already too high. Let's call this for what it is is, simply, it's a rip off. Under legislation passed by Democrats, pharmaceutical companies are required to pay rebates to Medicare when they increase certain drug prices passed inflation rates into Bloomberg News Morning consult Paul released Thursday, Biden trailed Donald Trump across a number of swing states. US defense officials say a cargo ship caught fire in the Red Sea this morning into being hit by a projectile launched by rebel controlled Yimmen. The attack and eyed Lightberian flag vessel further escalates a campaign by Yemmens, Iran backed Hooti rebels who claim responsibility for a series of missile assaults in recent days. A lawyer for two former election officials told members of a jury and federal court Thursday they should send a message in considering how much former Mayor Rudy Juliani should have to pay for spreading diffamatory lies about them as part of his effort three years ago to keep President Trump in office. At the last minute decision, Juliani decided not to testify as planned on Thursday. Global News twenty four hours a day and whenever you want it with Bloomberg News. Now, I'm John Tucker, and this is Bloomberg. Karen, all right, John, thank you well. We do bring you news throughout the day right here on Bloomberg Radio. But now you can get the latest news on demand, and that means you can get it whenever you want it. Subscribe to Bloomberg News Now and you can get the latest headlines right at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot com plus Apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Scores Update with John Stashauer John Karon. Blowout in the Desert. Just a few days after the Raiders had a home game and lost to the Vikings three did nothing. They had another home game and beat the Chargers sixty three to twenty one. This game was twenty one nothing in the first quarter. It was forty two to nothing at halftime. That's a near NFL record. It was sixty three to seven midway through the fourth quarter. The Raiders rookie quarterback Adan O'Connell through four touchdown passes. The Chargers lost four fumbles. It's the most points the Raiders have ever scored in the game, and it's the most points the Chargers have ever allowed. Celtics twelve and I went home. They've be in Cleveland, won sixteen to one oh seven. Warriors now just ten and fourteen, playing without the suspended Draymond Green. They lost to the Clippers in LA. Won twenty one one thirteen. Big NBA story so far this year the Minnesota Timberwolves now eighteen and five A one nineteen one oh one win in Dallas. Luca Dompson scored thirty nine and the loss. In Sacramento's win over Oklahoma City the Aaron Fox points for the King Shay Gilgess Alexander scored forty three the loss the Thunder. George McGinnis, the Hall of Famer who played for the Pacers and Sixers, has passed away at the age of seventy three. Capital Is lost in Philadelphia four to three in a shootout in LA. On the day that the Dodgers introduced Joe Otani, they added another player, pitcher Tyler Glass, now comes from Tampa Bay with outfielder and Manuel Margo. The Rays get a couple of prospects in return. Remember, Otani is not going to pitch. He's only going to hit in twenty twenty four. Don Statieward, Bloomberg's courts Karen, all right, John, thank you. While we are watching stocks, they're set for a fifth weekly game this on the Fed pivot, and we want to discuss all of this. We're going to be bringing in Andrew Sheets, the global head of Corporate Credit research Ed Morgan Stanley, for that discussion and ahead of EDSMP futures are higher again this morning. They're up three tenths even percent of about fourteen points. Dwaen Nasdaq futures all also up three tenths of up percent. This is Bloomberg from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syria's exam, the Bloomberg Business Appen Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. There is plenty of fuel for optimism in the US market, with the Federal Reserve signaling this week that it is in fact ready to start thinking about cutting interest rates next year. But when it comes to global central banks like the European Central Bank and the Bank of England, they're holding firm on higher for longer. So what's this mean for the outlook headed into twenty twenty four. Let's get some answers now from Andrew Sheets, global head of corporate credit research at Morgan Stanley. Andrew, it's great to speak with you this morning. So what does a more dovish FED and a more hawkish ECB mean in your world? So? I think the important starting point is that I think we've seen an evolution of the data that's much better than we or the market would have expected six months ago. You know, over the last twelve months, the US economy has grown three percent year every year, and inflation's been declining. And in Europe you've seen again inflation really start to moderate in a way that the ECB a number of central bank watchers would not have expected six months ago. So I think the important factor, the most important factor, is that this year has been all about inflation, and inflation is finally coming down, which gives these central banks a lot more flexibility to moderate policy as that happens. So again, you know, you've seen central banks react to that a little bit differently, the FED sounding a little bit more dubvish, the ECB sounding a little bit more hawkish, But I think the core message as you go into next year is these are central banks that are done hiking. They're going to be cutting, and the path is going to be easing going forward. But the path is going to be easing at a much different pace. It seems like when we hear this more hawkish tone from the likes of Madame Legarde, what could that mean for a global bond markets If we see higher for longer in the Eurozone and maybe not so much here in the US. Well, I think what the market might test is how credible that more hawkish rhetoric really is. You know, we've seen a very weak PMI data out today from the Eurozone. You're seeing inflation in the Eurozone come down quickly, and on Morgan Stanley's forecast it continues to decline quickly. And so you know, we can understand from a strategic standpoint, not wanting to ease up too early on the rhetoric run inflation, wanting to establish the ECB's credibility on inflation. But as the data continues to come in, as inflation data continues to fall, as the growth data is soft, we'd be surprised. We would not expect the ECB to continue to sound this hawkish into next year, and would expect them to be to be easing policy in line with the FED into twenty twenty four. Interesting, what about the Fed's credibility? Is there a risk that the FED pivots back the other way next year? Is that something in your forecast? It's not in our forecast. And I think the point about credibility is key. You know, credibility is everything in central banking, and I think to the credit of the FED, they are talking more dubbishly as core inflation is coming down on Morgan Stanley's estimates with the latest readings of producer price inflation six month annualized core PCE, and thinking about core PCE is the measure of inflation that the FED cares about the most. Over the last six months, core PCE in the US is running at one point nine percent. It's at the Fed's target. If anything, it's a little below. So the idea that the FED is reacting to that data, it is and it's not done anything yet. It's simply talking about the possibility that it might ease and the fact that the FED thinks the neutral rate is way down at two and a half, two and three quarters. All the FED is doing is saying, look, we have policy way above neutral. Core inflation is rapidly approaching our target. Yes, we will be easing policy next year. I think that's a credible place for the FED to operate from. What about the market credibility of they're pricing in something like what six or seven rate cuts next year when we got three from the dot plot? Do you see the FED moving more in line with the market or the other way around. So the market has moved very quickly. I mean, we had forecasts that we thought were quite dubvish when we put out our outlook in the middle of in early October, in early November, excuse me, you know we had the US tenure at three ninety five. By the end of twenty twenty four, it's more than gotten there. You know, we had three hundred basis points of FED cuts over twenty four and twenty five. Again, a lot of that's getting priced in. So I think objectively, the market's moved to price in more cutting than we have expected. But I think it's also fair to say that it is historically normal. Once the FED thinks that a central bank is done hiking. The market usually expects, usually somewhat overestimates future cuts as the market's trying to balance the probability of a FED staying on hold with something more significant, So a lot has been priced in. But I think the general idea that the market once a FED, once the FED is done, starts pricing in more cuts that is very consistent with what we've seen over prior cycles. Really good to have you on with us, Andrew, at the end of a really interesting week for central banks. That's Andrew Sheets with us this morning, Global head of Corporate Credit Research at Morgan Stanley. This is Bloomberg day Break Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast, feat at six am Eastern each morning on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time, on Bloomberg eleven three to zero in New York, Bloomberg ninety nine one in Washington, Bloomberg one oh sixty one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, SERRIUSXM, the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee 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Last night the National Committee on U.S.-China Relations and The US-China Business Council co-hosted People's Republic of China President Xi Jinping following the long-anticipated meeting between Presidents Biden and Xi Jinping during the Asia-Pacific Economic Cooperation (APEC) Summit in San Francisco. On November 15, 2023, President Xi addressed the American public following remarks made by President of the US-China Business Council Craig Allen, U.S. secretary of Commerce Gina Raimondo, and National Committee Chair Evan Greenberg.  Watch the livestream here: https://www.ncuscr.org/livestream/ Subscribe to the National Committee on YouTube for video of this interview. Follow us on Twitter (@ncuscr) and Instagram (@ncuscr).

Show Notes Rory Murphy Rory Murphy is the Vice President of Government Affairs at the US-China Business Council and is based out of Washington DC. Before joining USCBC, Murphy worked as an attorney at Squire Patton Boggs LLP. He previously worked in the policy office of the Export-Import Bank of the United States and as a professional staff member on the trade staff of the Senate Finance Committee under former Chairman Max Baucus (D-MT). Murphy received an undergraduate degree from Seton Hall University and a law degree from the Catholic University of America. He is a native of Great Falls, Montana..   We talk about Tech companies in Silicon Valley and decisions around CFIUS. Outbound or reverse CFIUS, what is that?  Where is capital flowing? It is staying in Mainland China, flowing to Hong Kong, or is it going to other countries like Singapore? Publicly traded Chinese companies being delisted   Connect with Rory Murphy   https://www.linkedin.com/in/rory-murphy-80047122/ rory.murphy@gmail.com https://www.uschina.org/

There is significant uncertainty about how companies can deal with the sweeping UFLPA which just went into effect in late June. To understand this policy and how it is being enforced, this week on China Corner Office, Chris Marquis discusses the UFLPA with Craig Allen, President of the US-China Business Council, and Jon Gold, vice president of supply chain and customs policy at the National Retail Federation. Unlike prior trade policy which assumes importers are “innocent until proven guilty”, the UFLPA places the onus on manufacturers and importers to ensure their supply chains are free of forced labor. Key topics discussed include how companies are working to meet this requirement and how will it be enforced by the U.S. Customs and Border Protection (CBP). Also discussed are China's response and Craig and Jon provide some advice to companies on how to cope with the compliance challenges and what to anticipate in the future.A transcript of this podcast is available here.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week on China Corner Office, Chris Marquis talks to Matt Margulies and Hannah Feldshuh from the US-China Business Council's Beijing office about a recently USCBC report on data security laws in China. They discuss the landscape of China's data security laws including the specific legal provisions. Matt and Hannah also provide details on how US companies can and are dealing with the associated data, privacy, and cybersecurity challenges, discussing a number of industry-specific cases such as in the health care, automotive, and financial services sectors. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Adopt Kewsong Lee's motto – think bigger, move faster, perform better – and you'll be primed for success in whatever leadership position you're in. But how this CEO of  private equity firm Carlyle Group puts that motto into motion is what's made Kew one of the world's savviest business leaders. In this episode, we'll talk with him about embracing change, essential traits of successful leaders, and why having an authentic ESG mindset is not just good for the world but also good for business. Kew's 30-plus-year career is rife with successes, but his mistakes and failures taught him the most. We'll talk about it all, as well as the transformation of the private equity industry—and how to be on the forefront of that change.     If you like this episode, you might also enjoy these other Redefiner conversations:          From Corruption to Transformation: The Rebirth of a Global Conglomerate with Joe Kaeser How to Lead Like a Legend with Samuel Tsien Leadership  Reimagined: Transformation Tips from Jim Hagemann Snabe   BIO:Kewsong Lee - Chief Executive Officer of Carlyle  Kewsong Lee is the Chief Executive Officer of Carlyle and was elected to the Board of Directors effective January 1, 2018. Mr. Lee joined Carlyle in 2013 as Deputy Chief Investment Officer for Corporate Private Equity and in 2016 he assumed the additional role of leading the Global Credit segment.   Prior to joining Carlyle, Mr. Lee was a partner and a member of the Executive Management Group at Warburg Pincus, where he spent 21 years. He is currently the President of Lincoln Center Theater, Chairman of the US Chamber of Commerce China Center Advisory Board, and Vice Chair for the Partnership for New York City. He also is a member of the Business Roundtable, serves on the board of the US China Business Council and FCLT Global, and is a Trustee of the Center for Strategic and International Studies.   Mr. Lee earned his AB in applied mathematics in economics at Harvard College and his MBA from Harvard Business School. 

The 2021 National Lawyers Convention took place November 11-13, 2021 at the Mayflower Hotel in Washington, DC. The topic of the conference was "Public and Private Power: Preserving Freedom or Preventing Harm?" This panel covered "China, Global Companies, and Human Rights."This panel will explore a suite of issues related to global companies that do business in China and the implications for national security, human rights, and the rule of law. Panelists will explore how companies that have supply chains or otherwise are active in China weigh human rights concerns (e.g., in Xinjiang or Hong Kong) against market access, as well as consider the dilemma companies face when they find themselves caught in the crossfire between U.S. and allies' human rights sanctions (e.g., Global Magnitsky) and Chinese retaliatory sanctions. Do American companies feel an obligation, apart from any legal mandates, to act in ways that advance U.S. national security or foreign policy objectives? With senior policymakers intently focused on these and related issues, is the private sector giving them sufficient attention?Featuring:Amb. Craig Allen, President, US-China Business Council; Former U.S. Ambassador to Brunei DarussalamAmb. Kelley Currie, Former U.S. Ambassador-at-Large for Global Women’s IssuesMr. John S. Jenkins, Jr., Executive Vice President and General Counsel, TE ConnectivityDr. Kori Schake, Senior Fellow and Director of Foreign and Defense Policy Studies, American Enterprise InstituteModerator: Hon. Carlos T. Bea, Senior Judge, U.S. Court of Appeals, Ninth Circuit

Tuesday on AOA Doug Barry with the US/China Business Council and AFBF's Dave Salmonsen discuss trade relations and the Biden Administration's approach to China and DTN lead analyst Todd Hultman discusses a more bearish outlook for the markets.

US President Joe Biden has met China's Xi Jinping for nearly four hours in a virtual summit in the hope of easing increasing tensions. The two presidents have discussed how to strengthen communications and build on mutual respect. But as Sally Ayhan reports, questions remain as to whether they can repair relations. We spoke to Anna Ashton in Washington DC, She's Vice President of Government Affairs at the US-China Business Council. #Biden #Xi #VirtualSummit

Hello Interactors,It’s hard to miss news about global supply chain woes these days. Between Covid, natural disasters, and strained trade relations with China it seems unlikely we’ll see anything that looks like normal for some time. But companies aren’t waiting to find out. They’re taking matters into their own hands. Or so they think. As interactors, you’re special individuals self-selected to be a part of an evolutionary journey. You’re also members of an attentive community so I welcome your participation.Please leave your comments below or email me directly.Now let’s go…MARIA CANTWELL AND THE CHAIN GANG“There are some people who are saying, ‘Look, what I need is short term because this is never going to happen again,’ ” she said. “Then there are other people who are saying, ‘This is going to happen more often than we think.’ The world is a very different place, and it’s not just the pandemic. It’s natural disasters. It’s the floods down in the South. It’s tornadoes, it’s hurricanes.”These are the words of Ellen Kullman. She’s the CEO of Carbon Inc., a 3-D printing company. She’s also the former CEO of DuPont, sits on the board of directors for Goldman Sachs and Dell, is a member of the National Academy of Engineering, a recognized leader in global science and engineering, and once chaired the US-China Business Council.She knows a thing or two about global supply chains; which have had their fair share of attention recently. As global corporations have pushed their employees to work Harder, Better, Faster, and Stronger. They must appease shareholders demanding perpetual growth, even at the cost to people and the environment. To do so, they rely on other parts of the globe for raw materials and labor – a spatial fix.Covid has taken a 200-year capitalism strategy believed to be immune to disruption and has created a supply chain pandemic. Just as the disease is testing our body’s immune system, it’s also testing the resiliency of networked global supply chains.The onset of the pandemic showed early signs of vulnerability when global corporations were hit by governmental restrictions. Without notice borders around the world were closed, lockdowns prevented employees from working, and no sooner were facemasks recommended did we run out of supply. Dr. Gary Gereffi from Duke’s Global Value Chains Center said,“China accounted for about 60% of U.S. face mask imports prior to the pandemic, but China suspended its exports of face masks worldwide as it dealt with its own outbreak of COVID-19 cases in early 2020.”It wasn’t until late August that the supply gap was filled by U.S. producers.Gereffi was testifying on July 15, 2021, in a hearing chaired by Democratic U.S. Senator Maria Cantwell on “Implementing Supply Chain Resiliency.” The meeting was in reaction to one of Biden’s first executive orders. It launched a 100-day review identifying vulnerabilities in the nation’s supply chains and how to address them.The witnesses in the hearing included Gereffi from academia and five others from government agencies and the business sector. Their testimonies paint an accurate state of the country’s complicated over reliance on the global supply chain. They also had asks of the government that you might expect; more government funding, private-public partnerships, subsidies, or for the government to get out of the way. Or, in the case of Lex Taylor, a confusing mix of all the above.William A. (Lex) Taylor III runs The Taylor Group of Companies, Inc. It was founded in 1927 as Taylor Machine Works in Louisville, Mississippi. Did I mention the ranking member and co-chair seated alongside Cantwell was U.S. Senator Roger Wicker, a Republican from Mississippi?The Taylor Group is now a privately held holding company for Taylor Machine Works (heavy industrial forklifts), Taylor Power Systems (power generators), and Taylor Defense (remanufactured military material).Taylor complained about the lack of resiliency in the global supply chain. He said the Association of Equipment Manufacturers (AEM) had quickly come up with a plan for how to circumvent the Covid caused supply chain conundrums called operation “Floorplan”. It was modelled after what he deemed a “successful Payroll Protection Program the Congress instituted at the Small Business Administration.” A clear nod to a government success story by a devote capitalist.But he claimed operation “Floorplan“ failed “because of the political wrangling and failure of the government to understand the big-picture consequences of letting supply chains falter.” Yet the association seemed ok asking the government to bankroll his “Floorplan” program.He went on about how every private company involved in his vast and deep supply chain began raising their prices to control their limited and dwindling supplies – a tried and true trick of the free-market system. Compounding inflation among suppliers forced him to ultimately raise his prices too; all the while trying to stay afloat. He said, “we have kept our lines running but are facing 30% to 75% price increases either from our vendors or the transportation companies, or a combination of both.”What gouged him the most was unbridled free-market pricing; a practical solution driven by the private sector. At the same time, he wanted federal dollars to fix the problem with a government subsidized “Floorplan.”But while he and his employees benefitted from the government run Payroll Protection Program – and he wished the federal government would have funded his “Floorplan” – he would rather the free-market solve his problems. Even though the free market created the bulk of his financial pain.In his closing remarks he said, “My request is that this committee not act to overcorrect with solutions that may cause unintended consequences. Rather, I encourage you to support the free-market system and allow it to do what it does best and find solutions that are practical and driven by the private sector.” Price gouging is a practical mechanism of the free-market. A solution? Maybe not.BOEING BOEING GONEIn her opening remarks, Maria Cantwell said, “I would say, Senator Wicker, I'm not sure 20 years ago, if we would've had the same hearing.”Twenty years ago Cantwell was in her first year as a U.S. Senator. Amassing independent wealth from her time in the software industry, she threw a lot of her own money into her campaign against the eleven year incumbent, Republican Slade Gorton. Microsoft was her biggest donor, followed by two law firms, and the fourth largest campaign contributor was Boeing.Six months later Boeing sought their own spatial fix and announced they were moving their corporate headquarters to Chicago. By September of 2001, after being headquartered in Seattle since 1916, the Boeing corporate offices fell vacant.Eight years later, in 2009, after the 2008 financial crisis, Boeing applied another spatial fix moving an assembly plant from Washington to South Carolina. North Charleston’s economy had been devastated by the closure of a naval shipyard and the Great Recession. They were experiencing record high unemployment rates. So the state offered Boeing an incentive to move their factory. If Boeing could create 3,800 jobs and invest $750 million over the next seven years, the state would pitch in another $450 million.Boeing had already been dealing with ugly union strikes in Washington. Four of their last seven contract negotiations ended in strikes. Conservatives blamed the machinists while liberals blamed Boeing. Either way, South Carolina was union free. An unorganized labor force is attractive to corporations because they can dictate the terms of pay uncontested. Some states, and nations, will even suppress or ban unions in hopes of attracting businesses to their regions.Frank Larkin of the Association of Machinists and Aerospace Workers said in 2009, “It became clear early on that the company was less interested in making a deal than they were in getting more incentives out of South Carolina…The longer they sat at the table with us, the more South Carolina offered them."Just 2.7% of South Carolina’s labor force is unionized – the lowest in the United States. Since the plant opened in 2011, Boeing has been fighting attempts by employees to unionize. In 2017, 3,000 employees tried and failed to unionize. A year later they succeeded despite Boeing funding a widespread media campaign against it.So, Boeing took them to court. Because litigation slows down unionization, it buys time for Boeing to continue to use their wealth, power, and strength to disrupt the momentum of organizers. It also provides opportunities to fire employees as a way of sending a message to workers.In November of 2018 they fired air force veteran, Richard Mester and two others for failing to report a bird strike on a Boeing engine. Mester had been doing this line of work for 30 years and knows a bird strike when he sees it. The Guardian reported, “He had just bought a house and had two daughters in college when he was terminated.” Mester said, “It was easy to see it was because we were union members…Boeing has no qualms about squashing any possibility of a union down here. Unfortunately we were the result of that.”Despite the dwindling Boeing presence in Washington state, Maria Cantwell did mentioned in her opening remarks, “I can say for me in the state of Washington, aviation supply chain is something we're very proud of. More than 150,000 people work in that supply chain that continue to innovate and create new products…[this] is where the innovation is happening in the supply chain.”She’s referring to an insight offered in a testimony by Richard Aboulafia, the VP of Analysis at the Teal Group in Fairfax, Virginia. Out of the gate he exposed the realities of the aviation supply chain by talking about value, innovation, and vulnerability.He said, “For a typical Boeing jetliner, 80% of the value gets added at the supplier level…When Boeing sells a jetliner…suppliers, collectively, realize more revenue than [Boeing does].”He added, “the innovation that takes place in aviation happens at the supplier level, and not at the prime level. Boeing’s 737 jetliner [has] been in production for around half a century. But the…successful transformation of these aircraft is because of the tremendous innovation that has taken place at the supplier level.”Perhaps this explains why Washington state has not fought to win back the union heavy airplane assembly business. As Microsoft rose in the 90s and Amazon in the 2000s, the area attracted higher paying white collar engineering talent that fed into the aviation supply industry. Washington’s aviation history catalyzed a new industrial trajectory; what evolutionary economists call path dependence.Aboulafia continued, “As with most complex manufactured products, an aircraft production system is only as strong as its weakest link. The supply chain, crucial to industry success, is also its greatest Vulnerability.”China is fully aware of this vulnerability. Aboulafia said, “China, notably, is not a significant source of aircraft components, even from transplant factories. In fact, at the peak level of U.S.-China aerospace trade, the trade balance between the two countries was 17-1 in the U.S.’s favor.”This does not bode well for U.S. aviation suppliers. Aboulafia said, “The only area of serious concern, outside of Covid-19 itself, is China, the biggest single export market (and tied with the US for biggest single market). At the peak level of deliveries to China, 2018, the country took 23% of all jetliner deliveries worldwide. This has fallen precipitously, for both market reasons and due to geopolitical factors. This trade is under threat, due to slowing in-country growth rates, China’s reluctance to recertify Boeing’s 737MAX, and the U.S. Government’s decision to put Western components for China’s ambitious national aircraft programs on a possibly restrictive export list.”Furthermore, Covid put a real dent in the airlines biggest revenue generator – international business travel. It’s forced them to ground planes and halt new orders. And while business is picking up again, the companies bringing supply chains closer to home will be taking fewer overseas business trips to Asia.The Wall Street Journal reported this week that Italian apparel company, Benetton is planning to “cut its Asia-based production by half in the next 12 to 16 months and move the work to countries on the Mediterranean.” It’s an end to a decades old reliance on Asian labor and supply chains that “requires regular visits to make sure manufacturing and materials meet quality standards and some aspects, such as production timing, aren’t under the company’s control overseas.” (1)HOG TIED ON THE SUPPLY SIDEReading and watching the testimonies from Cantwell’s hearing, I couldn’t help notice the yearning for the glory days of the 20th century Fordist era when America dominated manufacturing and supply chains. The Duke professor, Dr. Gereffi, gushed over the reemergence of the furniture and textile industry in North Carolina and how his state excels at efficient pig processing.Lex Taylor sees dollars signs with a “Floorplan” that can build more trucks, generators, and recycled military parts. And while Boeing has all but ceded the airline market to AirBus, Cantwell wants the 150,000 aviation experts in Washington state to at least be supplying parts.Some of these aging, all male except Cantwell, boomers testifying at the hearing are of the age where I can imagine them reminiscing on the golden years of the nationalist “America First” sentiment that Trump tapped into in 2016. Wicker would have turned 16 in 1967, the end of the Fordism era.But there were also testimonies that looked to a Post-Fordist industrial era. IBM’s Dr. Dario Gill talked about their semiconductor lab in New York and how their public-private partnership will produce new chips out of the factory in Malta, New York. Chuck Schumer, Democratic Senator from New York, helped seal that deal with the $110 billion Endless Frontier Act; $10 billion of which goes toward hubs like those in New York. The North Carolina Research Triangle hopes to get on that money as well. Dr. Gereffi talked of how North Carolina’s booming weaving loom know-how could transmogrify from cotton into silicon.The Endless Frontier Act is a bipartisan bill intended to counter China’s semiconductor dominance. But, again, it falls victim to this outdated notion that America can return to our Fordist days. I know I’m over simplifying, but it takes a special combination of hubris and ignorance to believe you can replace 30 years of global supply networks, throughput, and intellectual property with a ‘Made in America’ stamp. Federal funding is needed to remedy our supply chain woes, but chest pounding nationalistic protectionism won’t get us there.The most reasoned testimony in Cantwell’s hearing came from James A. Lewis. He’s a Senior Vice President and Director at the Center for Strategic and International Studies. He said, “Two things broke that global supply chain. The first is the rise of a predatory China that will use any means to displace competitors in its quest for global primacy. The second is the COVID-19 pandemic, which produced an understandable desire in many nations to reduce their dependence on foreign suppliers and instead rely on national capabilities.”He talked about how America got spooked when we realized how much we relied on China for necessary medical supplies. It prompted many in the U.S. to “want to move some critical production back onto their territories.” He’s right.Atlanta home builder PulteGroup got fed up with delays and is building an automated assembly plant in South Carolina. Majestic Steel USA is opening new facilities across the country to avoid impediments in the supply chain. Climate calamities are also forcing companies to rethink supply chains. Paint powerhouse Sherman-Williams got fed up with Hurricane delays at southern ports. They bought a company with sites in Oregon and South Carolina to handle the load.But as Lewis point out, in many ways this is just copying China and may be short sighted. Even the knee jerk reaction from Schumer and the Endless Frontier Act. He said, “This supply chain nationalism is reinforced by growing and powerful competition for technological leadership and by events like the semiconductor shortage.”He continues, “Twentieth century American innovation was national, but today’s innovation base is international, with strong research and commercial links between the United States, Europe, and Asia.” And he rightfully concludes, “A country that cuts itself off from this international innovation system will fall behind.”China has assumed America, and Europe, have been in decline since the end of the Cold War in 1989. They recognized the strategy of the U.S. and our allies was to seek regions to either invade, persuade, or buy. And then, theoretically, establish a Western style democracy to further build out a global supply chain, buy labor, and manufacture and sell goods and services.So they invested heavily in industry within China and then expanded globally investing in 70 countries worldwide in infrastructure. Their One Belt One Road initiative has been building mines, dams, ports, railroads, airports, solar installations and more around the world to control the extraction and flow of resources and capital.It’s like a parasitic super-structure on top of the West’s established global supply chain. It grows their dominance by feeding off of Western consumerism and neoliberal economic policies; all the while continuing to spoon Chinese made goods to the perpetually hungry mouths of American consumers.John A. Lewis concluded his remarks with a stern directive:“The U.S. must respond to China’s hostility, but we can no longer rely on market forces alone to advance the national interest. Defensive actions alone will not suffice. These themes all point to the need for a renewed industrial strategy, but it cannot simply duplicate previous policies because we are now in a world where the private sector leads. This means the task [for America] is to find where government intervention can best support a multinational commercial innovation base.”A renewed industrial strategy is needed, indeed. But, so is a new economic creed that doesn’t breed greed. Subscribe at interplace.io

This week on China Corner Office, Chris Marquis talks to Alison Schonberg, manager of Business Advisory Services at the US-China Business Council. Alison recently authored a report on government procurement in China, and while the topic may sound somewhat dry, it is in fact of enormous consequence for American firms operating in China. Alison discusses how government procurement is designed in China, and ways that governments at different levels and state-owned enterprises are able to execute an implicit “buy Chinese” policy, which in some cases is in violation of international agreements, including terms of China's WTO accession. Also discussed are the number of ways that American companies are working with local companies and governments to deal with this increasingly restrictive environment.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Thursday on AOA Reuter's reporter Jarrett Renshaw checks in with an update on spending bills in the House, Growth Energy's Chris Bliley explains their lawsuit with EPA, Doug Barry with the US/China Business Council gives a break down of sales to China, Stone X economist Arlan Suderman previews next week's USDA report and USDEC's Jaime Castaneda discusses the short and long term impact of the west coast port backup.

On July 26, 2018, Craig Allen began his tenure in Washington, DC as the president of the US-China Business Council (USCBC), a private, nonpartisan, nonprofit organization representing over 200 American companies doing business with China. Prior to joining USCBC, Craig had a long, distinguished career in US public service.   Craig began his government career in 1985 at the Department of Commerce's International Trade Administration (ITA). He entered government as a Presidential Management Intern, rotating through the four branches of ITA. From 1986 to 1988, he was an international economist in ITA's China Office.   In 1988, Craig transferred to the American Institute in Taiwan, where he served as Director of the American Trade Center in Taipei. He held this position until 1992, when he returned to the Department of Commerce for a three-year posting at the US Embassy in Beijing as Commercial Attaché.   In 1995, Craig was assigned to the US Embassy in Tokyo, where he served as a Commercial Attaché. In 1998, he was promoted to Deputy Senior Commercial Officer. In 1999, Craig became a member of the Senior Foreign Service.   From 2000, Craig served a two-year tour at the National Center for APEC in Seattle. While there, he worked on the APEC Summits in Brunei, China, and Mexico. In 2002, it was back to Beijing, where Craig served as the Senior Commercial Officer. In Beijing, Craig was promoted to the Minister Counselor rank of the Senior Foreign Service.   After a four-year tour in South Africa, Craig became Deputy Assistant Secretary for Asia at the US Department of Commerce's International Trade Administration. He later became Deputy Assistant Secretary for China. Craig was sworn in as the United States ambassador to Brunei Darussalam on December 19, 2014. He served there until July 2018, when he transitioned to President of the US-China Business Council.   Craig received a B.A. from the University of Michigan in Political Science and Asian Studies in 1979. He received a Master of Science in Foreign Service from Georgetown University in 1985.   On today Show we Talk about:   We Talk About What is the extent of high-tech relations between US and China? What steps are China taking to advance Chinese innovation? How does the China's 2017 Intelligence Law, have an impact on technology transfer? How has the Biden and Trump approach to China relationships been similar and how have they been different?   Connect with Craig https://www.uschina.org/ Craig Allen callen@uschina.org   CONNECT WITH SHAWN https://linktr.ee/ShawnflynnSV Shawn Flynn's LinkedInAccount Silicon Valley LinkedInGroup Account Shawn Flynn's FacebookAccount Email Shawn@thesiliconvalleypodcast.com  

This week on China Corner Office, Chris Marquis has an in-depth discussion with Craig Allen, president of the US-China Business Council about the USCBC's just-released member survey. They discuss how while U.S.-China tensions are the top concern for American companies, and geopolitical and policy challenges are dampening optimism, virtually all surveyed companies remain profitable in China, and almost half have plans to increase resource commitments in China over the next year. Another important aspect of the discussion was Craig's detailed portrayal of how the Chinese government continues to skew the playing field to favor Chinese firms in areas such as industrial policy, intellectual property, standards-setting, and government procurement.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week on China Corner Office, Chris Marquis talks with Jay Foreman, the president and CEO of Basic Fun!, a global toy company based in Florida, and Craig Allen, the president of the US-China Business Council. Basic Fun! has well-known brands, including K'NEX, Playhut, Tonka, and Care Bears, most of which are produced in China. The episode centers on several of the lessons Jay has learned in over 100 trips to visit factory partners in China since 1989. For instance, despite rising labor costs, Jay finds Chinese production to still be quite cost-effective as a result of the flexibility and creativity of Chinese manufacturers. Jay and Craig also reflect on how manufacturing in China has changed in the last 30 years, discuss the importance of intellectual property protections in Chinese supply chains, and provide a number of illustrations of how factory and working conditions in China have improved over time.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

For the second episode of our five-part series titled ‘An Emerging Energy Framework for the 22nd-Century', Todd Buchholz joins Jacob Parker, Senior Vice President at The US-China Business Council.

This week on China Corner Office, Chris Marquis talks with Anna Ashton, the vice president of government affairs at the US-China Business Council, and Jon Gold, the vice president of supply chain and customs policy at the National Retail Federation. The podcast focuses on details of current and future legislation under discussion in the U.S. Congress and the potential economic consequences, both to China and the United States. In particular, they discuss implications of the U.S. Innovation and Competition Act (USICA) of 2021, its constituent Endless Frontier and CHIPS for America Acts, and, more generally, the rising focus of state intervention in the U.S. economy.Privacy Policy and California Privacy Notice.

Frances Smith-Dean is the Executive Director of the Zan Wesley Holmes Jr Community Outreach Center. Frances is responsible for the creation of over 5000 jobs for low-income individuals during this pandemic. She is an adjunct professor of Mathematics at Richland College and owner of Financial Educator, LLC.Frances and I discuss risk management planning for a Biden-Harris administration, resurgence, protest, and economic pain, cryptocurrency, and 2021 predictions. In 2012, Frances was instrumental in establishing a foreign exchange trade business trip between the US-China Business Council, Southern University A & M of Baton Rouge, and The City of Baker Louisiana. Through her work, The City of Baker signed a Friendship City Agreement with China and the Southern University Agricultural Center signed a partnership agreement with Dr. Walter Chen, one of the most influential Chinese American Economist for the top 100 businesses in China.Frances is a former registered investment advisor for Nationwide insurance where she managed over 1000 employees with the city of New Orleans, Regional Transit Authority, and seven other municipalities within the New Orleans River Region’s PublicEmployee Deferred Compensation plans.Mentions:Coinmarketcap.comOriginally recorded on January 22, 2021Host, Earlina Green Hamilton 

Miguel Armaza is joined by Doug Peterson, President and CEO of S&P Global (NYSE: SPGI), one of the largest companies in the US that specializes in providing ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. Prior to S&P, Doug held multiple leadership positions at Citigroup, including roles around the world as CEO of Citi Japan, Uruguay, and Costa Rica. He is also a proud alumni of our very own, Wharton School! In this episode, we talk about: - Doug’s journey, from childhood in New Mexico, to international student in South America, to global corporate leader. - The important role that Wharton had on his career and how it sparked his love for Finance - Why S&P Global is focusing on data analytics and artificial intelligence and how it has built a fintech portfolio around these topics - The rise of Environmental, Social, and Governance factors in capital markets around the world, particularly over the last year - Leadership advice and Doug’s approach to managing an organization with tens of thousands of professionals - The important difference between visiting and actually living in a new place and why he actively pursued an international career from early on - And a whole lot more... Douglas L. Peterson Doug Peterson has served as President, Chief Executive Officer and a member of the Board of Directors of S&P Global since 2013. He joined the Company in 2011 as President of Standard & Poor’s Ratings Services. Mr. Peterson has repositioned S&P Global to power the global capital and commodity markets of the future with transparent, innovative and independent credit ratings, benchmarks, analytics and data. His long-term business strategy for S&P Global focuses on six key priorities essential to the Company’s ongoing growth and success: global expansion, customer orientation, technology, innovation, operational excellence and people. Previously, Mr. Peterson was the Chief Operating Officer of Citibank, N.A., Citigroup’s principal banking entity that operates in more than 100 countries. Mr. Peterson was with Citigroup for 26 years. His prior roles include CEO of Citigroup Japan, Chief Auditor of Citigroup, Country Manager for Uruguay, and earlier he served as Country Manager for Costa Rica. Mr. Peterson is a member of the Boards of Directors of Business Roundtable, the Japan Society, the National Bureau of Economic Research, and is a member of the Council on Foreign Relations, the New York Stock Exchange Board Advisory Council and the U.S.-India CEO Forum. He is co-chair of the World Economic Forum’s Stewardship Board of the Platform for Shaping the Future of Cities, Infrastructure and Urban Services. In addition, he serves on the Advisory Boards of the Federal Deposit Insurance Corporation’s Systemic Resolution Advisory Committee, the US-China Business Council and the Kravis Leadership Institute, and the Boards of Trustees of Claremont McKenna College and the Paul Taylor Dance Company. Mr. Peterson received an MBA from the Wharton School at the University of Pennsylvania and an undergraduate degree from Claremont McKenna College. About S&P Global S&P Global (NYSE: SPGI) is the world's foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering ESG solutions, deep data and insights on critical economic, market and business factors. We've been providing essential intelligence that unlocks opportunity, fosters growth and accelerates progress for more than 160 years. Our divisions include S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices and S&P Global Platts. For more information, visit www.spglobal.com. For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Miguel's Twitter: twitter.com/MiguelArmaza Miguel's Substack: https://bit.ly/3jWIpqp

This week on China Corner Office, Chris Marquis talks with Craig Allen, President of the US-China Business Council and Robert Daly, director of the Kissinger Institute on China and the United States at the Woodrow Wilson Center. Their discussion centered on how the U.S. can productively pursue constructive relations with China while also defending American interests and a rules-based order. In particular they discuss increased multilateral engagement, better coordination on China policy within the U.S. government, and how the U.S. can more effectively compete with China.

The Donald Trump era in American diplomacy was marked by increasing anti-Chinese rhetoric. China was identified as the ‘major strategic rival’, and the US administration began making active efforts to contain Chinese technological development and global economic influence. The hostilities of the US-China trade war include tariffs, bans on exports of certain goods and supplies, limits on technological and scientific collaboration, moves against Chinese tech giants such as ZTE and Huawei, and threats of decoupling. And yet American companies are far from withdrawing from China. Investments are increasing and decoupling proves not only unfeasible, but potentially highly harmful for the US economy. In our interview with Craig Allen we discussed the scale of US economic involvement in China and the impact of the recent hostilities on the business sector. The meeting was hosted by Associate Professor Marcin Jacoby, Department of Asian Studies at SWPS University at SWPS University, and Zbigniew Niesiobędzki, Ph.D., President of the Polish-Chinese Business Council - a partner of the ChinaTalk series. During the interview we answered questions such as: - How important is the Chinese market to American business? Has the US decision on decoupling been consulted with US businesses in recent years? Will American companies be willing to think more seriously about decoupling? Who is the winner of the tech and trade war between the US and China? What if in 10-20 years the innovation supremacy in the world will change in China’s favor? How is the US SME (small and medium-sized enterprises) sector doing in China? How the most important challenges that US businesses face while doing business in China changed recently? What is the biggest challenge in establishing a fair US-China trade relationship? Will China remain the center of global supply chains? What are the US-China Business Council recommendations to President Biden’s administration regarding China? About „ChinaTalk” series - ChinaTalk is a series of interviews with leading global experts on China and East Asia, produced jointly by the Polish Chinese Business Council (PCBC) and SWPS University. Interviews are hosted by PCBC President, Mr. Zbigniew Niesiobędzki, and Professor Marcin Jacoby, Head of the Department of Asian Studies at SWPS University. ChinaTalk brings you the latest knowledge on the economy, social issues, management, and politics of China and East Asia. Our guest interpret the current developments and trends in the Chinese economy, and predict global, regional and bilateral outcomes of political decisions. Chinese relations with the European Union, and Poland in particular, constitute an important context of these discussions. The expert insights provide valuable input for business practitioners, analysts, as well as researchers and students interested in macroeconomics and global trade. Craig Allen - the 6th President of the US-China Business Council (USCBC), a private, nonpartisan, nonprofit organization representing over 200 American companies doing business with China. He previously served as US Ambassador to Brunei Darussalam (2014–2018), in Washington DC as Deputy Assistant Secretary for China (2012–2014) in the Department of Commerce’s International Trade Administration (ITA), and as Deputy Assistant Secretary for Asia (2010–2012). Prof. Marcin Jacoby - Sinologist, translator, expert on socio-political processes in East Asia, particularly China and Republic of Korea. He is also Head of the Department of Asian Studies at SWPS University, where he teaches literature, art, and cultural diplomacy in China and East Asian. Zbigniew Niesiobędzki, Ph.D. - Economist with a career associated with investment funds. Over the years, he worked for Deloitte, and served as board member and member of supervisory boards of many companies in the telecommunications, construction, and furniture sectors. Currently, he is President of the Polish Chinese Business Council.

La croissance chinoise signe en 2020 un plus bas depuis plus de 40 ans. Son PIB a tout de même progressé de 2,3%, selon les données officielles publiées ce lundi 18 janvier. La performance est très en dessous des 6,1% de 2019, mais, bien que sujet à caution, c'est un score que les économies occidentales peuvent jalouser en plein marasme lié à l'épidémie de Covid-19. La balance commerciale chinoise pourrait bien également faire des envieux. Pékin a pris de la distance.  La Chine a enregistré cette année un excédent commercial global de 535 milliards de dollars. C’est-à-dire qu’elle a exporté pour 535 milliards de dollars de produits de plus qu’elle n’en a importés : son plus haut niveau depuis 2015. Cet excédent provient en premier lieu de ses relations commerciales avec les États-Unis. La balance s’est davantage déséquilibrée cette année au profit de la Chine. Son surplus s’élève désormais à 317 milliards de dollars, en hausse de 7,1 % sur un an. A quelques jours de son départ de la Maison Blanche, c’est un camouflet pour Donald Trump qui avait fait du rééquilibrage de la balance commerciale avec la Chine un de ses chevaux de bataille. Cela dit il faut rappeler qu'en 2019, l'excédent chinois par rapport aux États-Unis avait chuté de 8,5%. Un excédent commercial porté par l’épidémie de Covid-19 Dans la foulée, en janvier 2020, peu de temps avant le début de la crise un accord de trêve avait été trouvé. La Chine s’était engagée à acheter pour 200 milliards de dollars de biens supplémentaires aux Etats-Unis sur deux ans. Mais la pandémie a grippé les rouages de la réconciliation. Certes, au début, la crise sanitaire a freiné l’économie chinoise qui s’est arrêtée avant toutes les autres. D’ailleurs au premier trimestre ses exportations se sont effondrées. Mais l'empire du milieu s’est aussi remis en route plus rapidement. En décembre, les commandes provenant de l'étranger ont même augmenté de 18%, après une hausse de 21% en novembre. Les caractéristiques de la crise de la Covid-19 ont été porteuses pour le commerce chinois. Le pays a exporté beaucoup de produits médicaux. Entre mars et décembre, Pékin a livré 224 milliards de masques dans le monde. Cela représente tout de même 40 masques par personne en dehors du pays.  Avec les confinements et la généralisation du télétravail, les salariés ont dû davantage s’équiper en ordinateur portable, par exemple. Le secteur électronique a eu le vent en poupe ce qui a profité aux ventes chinoises. Pendant ce temps, les restrictions sanitaires aux États-Unis ont été un frein au commerce, explique l'économiste Iris Pang de la banque ING. Mais, il n’est pas dit que l’excédent commercial chinois continuera à s’accentuer de la sorte. Au niveau des exportations chinoises globales, l’arrivée de vaccins va dans un avenir plus ou moins lointain limiter les achats en lien avec la pandémie tels que les masques ou les tests. Cela risque donc à moyen terme de pénaliser les exportations chinoises.  D’un autre côté, la reprise économique devrait favoriser la consommation des Chinois et donc les importations globales du pays. D’ailleurs, sur l'aspect sino-américain, un analyste a relevé des efforts de Pékin et un bond en décembre de ses importations en provenance des États-Unis. Des détails sur la politique de Joe Biden très attendus Quant à la transition à la Maison Blanche, va-t-elle modifier les relations sino-américaines ?  Joe Biden doit détailler sa politique commerciale jeudi, au lendemain de son investiture. Jusqu’à présent, le président-élu a laissé entendre qu’il pourrait s’inscrire dans la continuité concernant la Chine. En décembre, il avait souligné son intention de rester ferme, les démocrates partageant avec les républicains les inquiétudes sur la sécurité nationale. Cela dit, la stratégie pourrait changer. Il envisagerait de faire front commun avec les alliés historiques des États-Unis à l'instar des européens. Des arguments contradictoires lui sont soumis pour l'influencer. Le négociateur sortant de Washington, Robert Lighthizer l’a enjoint à maintenir les sanctions. D’un autre côté, un rapport publié par l’US-China Business Council, qui regroupe 200 entreprises américaines faisant affaire avec la Chine, encourage à réduire les droits de douanes. Dans un scénario étudié par Oxford Economics où les deux gouvernements abaisseraient progressivement les taxes à 12% en moyenne, contre 19% aujourd’hui, l’économie américaine génèrerait 160 milliards de dollars supplémentaires de PIB réel au cours des cinq prochaines années. Cela créerait 145 000 emplois d'ici 2025. Toujours selon cette analyse, le revenu moyen des ménages américains augmenterait également.

Frances Smith-Dean is the Executive Director of the Zan Wesley Holmes Jr Community Outreach Center. Frances is responsible for the creation of over 5000 jobs for low-income individuals during this pandemic. She is an adjunct professor of Mathematics at Richland College and owner of Financial Educator, LLC.Frances and I discuss upskilling, the fourth industrial revolution, and our individual roles to safeguard our finances and provide stability for our families in a changing world.In 2012, Frances was instrumental in establishing a foreign exchange trade business trip between the US-China Business Council, Southern University A & M of Baton Rouge, and The City of Baker Louisiana. Through her work, The City of Baker signed a Friendship City Agreement with China and the Southern University Agricultural Center signed a partnership agreement with Dr. Walter Chen, one of the most influential Chinese American Economist for the top 100 businesses in China.Frances is a former registered investment advisor for Nationwide insurance where she managed over 1000 employees with the city of New Orleans, Regional Transit Authority, and seven other municipalities within the New Orleans River Region’s PublicEmployee Deferred Compensation plans.Mentions:The Great Reset The Big Short Seven Stages of Empire Originally recorded on August 13, 2020Host, Earlina Green Hamilton

When Angel Xu moved to Shanghai to run her company’s China office in 2016, business grew fast. She works for an American food supplier, and the demand for imported foods has been strong in China. But since the trade war with the United States hit in 2018, business dropped by more than half. One big reason is skyrocketing tariffs. Last year they jumped as high as 38%. Related: China's new Silk Road runs through cyberspaceUS companies in China hope tensions will lessen after the presidential election on Nov. 3, but the results are not likely to radically change adversarial US-China relations.  Xu, who asked The World not to use her real name, says Chinese clients have hinted they’re not keen to work with US suppliers any more. So her company is taking what might seem like a strange step to ensure their business grows in China — shifting from US- to European-based suppliers. “We do have two joint venture factories in Europe,” said Xu. Yes, that’s right. Xu’s American-led company is switching from "made in the USA" to "made in Europe." The costs for her Chinese clients will be higher, but more dependable. And that should be good for business.Related: Amid increasing US-China tensions, humor is serious business“If I can find other suppliers from Europe or other places that have, you know, 12% tariffs or zero tariffs, why should I go through the pain to get a US supplier? Other suppliers all have cheaper prices and lower tariffs and a good relationship with China.”Angela Xu, businessperson, Shanghai, ChinaXu summarizes the business logic for her clients: “If I can find other suppliers from Europe or other places that have, you know, 12% tariffs or zero tariffs, why should I go through the pain to get a US supplier? Other suppliers all have cheaper prices and lower tariffs and a good relationship with China.” This year, she was able to win a reduction in tariffs, but the damage had already been done, she said. Related: Schiff: US power to confront China 'has really atrophied'Despite the volatile environment created by the trade war, US companies are eager to do business in China. A recent survey found that more than 80% of them are committed to keeping their operations in China and nearly 70% still feel optimistic about the market here. Matt Margulies works at the US-China Business Council that conducted the survey. He says China is just too big of a market to ignore. “You can't just pick that up overnight and move it to some other market. And where would you move it to? Which other market is going to be able to replace the growth or sales figures that are available here?” Margulies said US companies in China aren’t expecting election results to be a game-changer because both Trump and Biden take a tough stance on China. “If we were to look at President Trump or Vice President Biden, I think there's probably a lot of issues, domestic issues where they have a great disparity between them. But on China, my reading is that they have more overlap than many probably realize.”Matt Margulies, US-China Business Council“If we were to look at President Trump or Vice President Biden, I think there's probably a lot of issues, domestic issues where they have a great disparity between them. But on China, my reading is that they have more overlap than many probably realize.”And it’s not just the presidential candidates, he says. “It's clear that this Congress has a very bipartisan focus on China. It's a view of China as an adversary.”And China increasingly views the US in a similar way. Over the summer, Trump targeted TikTok and WeChat, two popular Chinese social media platforms. In response, last month, China’s Ministry of Commerce announced it is creating a system to determine “unreliable entities” — essentially a blacklist of foreign companies. No list has been released yet, but American companies don’t want to see their names on it.“People are thinking, ‘What are we going to do?’ What is the best strategy for China?’ In short term and long term, this whole group of people — including me — has been scratching our heads.”Angela Xu, businessperson, Shanghai, ChinaRelated: Buying masks from China can get complicated. This businessman connects buyers and sellers. Angel Xu says US companies are trying to figure out the best way forward. “People are thinking, ‘What are we going to do?’ What is the best strategy for China?’ In short-term and long-term, this whole group of people — including me — has been scratching our heads.”“I think most companies right now just want to stay out of the political crossfire. ... Many are keeping a low profile. They’re continuing to do business as they have for decades and are still quite successful.”Matt Margulies, US-China Business Council“I think most companies right now just want to stay out of the political crossfire,” says Margulies. “Many are keeping a low profile. They’re continuing to do business as they have for decades and are still quite successful.”Margulies says they’ve come to expect volatility and advises them to avoid risks.  “Making sure that your supply chains are not touching any of the hot-button issues between the US and China right now.”Xu says she takes comfort in knowing other US companies remain positive about the China market. “They see a bright future in China, which makes me feel better. I see people positive and they think positive in the future and that may lift my spirit.”Related: Both candidates' platforms underline US struggle to confront ChinaBut Margulies says things could get more complicated for US companies. “Increasingly, in order to comply with laws and regulations in the US, the Chinese government might start to see that they're not in compliance with the Chinese. They're going to be stuck between two systems where complying with one set of rules makes them non-compliant with the other set of rules.”That’s one thing American companies in China really want to avoid.

With the election getting down to the wire, Anna Ashton, senior director of government affairs at the US-China Business Council, gives us her quick take on the Republican and Democratic approaches to addressing concerns related to China. Further reading: Anna Ashton: Republicans and Democrats Release Separate Sweeping Proposals for Managing the US-China Relationship  Allie Klein: How […]

We continue the discussion with Zhang Lipei, Director of the Beijing Office at the US-China Business Council, and Nick Marro, Lead Analyst for Global Trade, China and Macau, and supporting analyst for Taiwan at The EIU about the two possible outcomes of the US elections, and the wider trade and geopolitical implications. This episode is hosted by senior editor Jason Wincuinas.Listen to part 1 of this US elections special podcast and subscribe for upcoming episodes.Relevant content from The Economist Intelligence Unit:US-China relations under a Biden presidencyAsia’s inward turn, looking at regional trade policy amid US-China strains and Covid-19 disruptionsTelecoms demand will be strong in 2021 but US-China disputes will complicate 5G rolloutEIU Global Outlook: Siding with the US or with China? See acast.com/privacy for privacy and opt-out information.

In the run-up to this year’s US Presidential election, the only Asia topic that appears to loom large is China. And during these days, no self-respecting US politician can talk about this rising Superpower without saying something disparaging. Indeed, there’s hardly a businessman, legislator, or policy wonk within the Beltway who has anything positive or hopeful to say about US-China relations. Maybe that’s simply because there’s nothing to be gained politically by doing so. Americans need to blame someone for lost jobs, climate change, and a global pandemic – why not China? It’s a communist country, after all, and Americans are fond of blaming things on communists too.Remove yourself from this political quagmire and step outside of the U.S. and you get a more balanced – dare I say – sophisticated take on China, it’s role in the world, and the existential threat (if any) that it poses to a United States undergoing an identity crises. In this episode, I turn to two of the most thoughtful commentators on US-China relations. Jim McGregor and Craig Allen. Jim is Shanghai-based and a consummate China watcher, author, and a top advisor to US businesses in China. Craig is D.C.-based and President of the US-China Business Council. I had the pleasure of facilitating a hard-driving conversation between the two experts in a recent GetGlobal virtual event. In the course of this 55-minute tria-logue, we covered a lot of territory, challenged one another on some of the more popular US-centric characterizations of China, and contemplated prospects for a more constructive relationship between the two countries under a Biden administration.

In this episode, The EIU's senior editor Jason Wincuinas speaks to Zhang Lipei, Director of the Beijing Office at the US-China Business Council, and Nick Marro, Lead Analyst for Global Trade, China and Macau, and supporting analyst for Taiwan at The EIU about the two possible outcomes of the US elections, what they might mean for businesses in Asia and how they might impact US-China relations.Listen to part 2 of this US elections special podcast and subscribe for upcoming episodes.Reports by The Economist Intelligence Unit:US-China relations under a Biden presidencyAsia’s inward turn, looking at regional trade policy amid US-China strains and Covid-19 disruptionsTelecoms demand will be strong in 2021 but US-China disputes will complicate 5G rolloutEIU Global Outlook: Siding with the US or with China? See acast.com/privacy for privacy and opt-out information.

US-China Series, the US-China Business Council and RWC Partners present a unique panel discussion on Chinese Listings in the United States. Moderated by Alison Schonberg, Claudius Modesti, a partner at Akin Group and Liza Mark, a partner in Shanghai at Haynes and Boone, walk us through an hour long presentation on the regulatory history and framework for Chinese companies to list at US exchanges. The reputation of Chinese company listings on US Exchanges has been tarnished by some high profile bad apples. Is it too much to ask for Chinese companies to have the same accounting standards as their peers? Equally, how can the US remain a bastion of free markets if companies are restricted based solely on origin?

On Thursday, September 24th, US-China Series and US China Business Council hosted a half-day virtual forum on the future of Chinese capital markets. We had panels on the RMB Bond Market, Global Macro Opportunities, Hong Kong's role in Chinese capital formation, and a fascinating discussion on the history and legality behind the future of Chinese listings on U.S. exchanges. # As fate would have it, September 24th was also when FTSE Russell announced that it would include Chinese government bonds (CGBs) to its flagship WGBI index. Estimates from Goldman Sachs predict that the eventual weighting will be 5.7%, which implies $140bn of inflows over the next several years based on the approximately $2.5tn of funds that are benchmarked to this index. Why should this matter to everyday investors? Most U.S. and European investors have tiny allocations to China, and few outside of the mainland have an exposure that reflects China's economic might. The global monetary policy response to COVID-19 has solidified the era of zero and negative interest rates, and this announcement shines a light on the key advantage of holding Chinese fixed income, which is yield. While the yield advantage that Chinese bonds have over the rest of the developed world didn't play a role in the decision by FTSE to include China, it is the critical narrative to the global investment community that is starved for high-quality sovereign returns.

Craig Allen, President of the US-China Business Council, and Paul Krake, founder of the US-China Series, interviewed the Co-Chairs of the House of Representative US-China Working Group, Representative Rick Larsen (D-WA2), and Representative Darin LaHood (R-I18). We discuss issues the bi-partisan objectives of the working group, strategic vulnerabilities, free trade and tariffs, and a slew of issues facing policymakers at this time.

China is accused of detaining millions of people from the Uighur ethnic minority and forcing them to work in factories. Pressure is mounting on foreign businesses to ensure material they source from China does not benefit from that forced labour. Alison Killing, an architect and investigator has found that 268 detention facilities have been built in the Xinjiang province in North-West China in just the last few years. Supply chain expert Kate Larsen says companies are often more at risk of exposure to forced labour than they might realise. But Craig Allen of the US China Business Council says US protections already exist to keep companies away from Uighur labour. And Max Zenglein of the Mercator Institute for China Studies says there are substantial incentives for companies to look the other way. (Picture: An alleged Uighur detention facility. Picture credit: Getty Images.)

The US has expanded sanctions on Huawei, blacklisting dozens of its suppliers. The latest measures mean the Chinese telecoms giant is banned from buying computer chips that depend on US technology, even if they're produced elsewhere. The restrictions have put the first phase of a trade deal between the US and China at risk. And as Sibel Karkus reports, Washington isn't the only trading partner whose rift with China is growing. For more on this, Anna Ashton spoke to us from Washington DC. She's the Business Advisory Services Director at the US-China Business Council. #Huawei #USChinaTradeWater #USSanctions

In today’s episode: US-China Business Council survey finds nearly 90% of American firms have no plans to move production out of the Asian country; how Huawei and ZTE could soon be excluded from India’s 5G trials; and another lender looks set to join a regional banking merger in Shanxi province as part of an ongoing corruption cleanup campaign

In Episode #13, we discuss what it's like working for the Chinese government as an American with former Senior Government Consultant, James Moore. We cover: China's general business environment pre-Covid and post-Covid. The division of labor between Chinese provincial governments and local governments with regard to business and fostering entrepreneurship. What it is like to work inside the Chinese government as a foreigner. Major draws to foreign businesses to continue to engage with China. Major limitations toward foreign businesses doing business with China. Reading, listening, and watching recommendations from: James – The Economist's dual language app 商论 (Shanglun) and the US-China Business Council's newsletter. Jonathan – The Ugly Chinaman by Bo Yang Fred – The China Fantasy by James Mann

Guests: Congressman Patrick McHenry, a Republican representing North Carolina's 10th district, George Seay, CEO of Annandale Capital, Adam Hodge, Senior Vice President at Ariel Investments, and Anna Ashton, Senior Director, Government Affairs, US-China Business Council.

Guests: Congressman Patrick McHenry, a Republican representing North Carolina's 10th district, George Seay, CEO of Annandale Capital, Adam Hodge, Senior Vice President at Ariel Investments, and Anna Ashton, Senior Director, Government Affairs, US-China Business Council.

The US government is suspending passenger flights of Chinese airlines to its airports, saying it's retaliating against Beijing's decision to bar flights of American carriers. The world's largest economies have been feuding over trade and the coronavirus pandemic. Now as Beijing implements stricter national security laws in Hong Kong, tensions with Washington are taking off once again. Mobin Nasir reports. For more on this, we were joined by Anna Ashton in Washington DC. She's Business Advisory Services director at the US-China Business Council. #USChinaRelations #ChineseCarriers #USFlightBan

In episode 17 I interview Alexis DeBerry. Alexis is a driven event planner and producer with extensive expertise in corporate, social events and diplomatic relations. Her passionate commitment for service excellence, and drive to foster environments of relaxed, yet refined ambiance, have been buttressed by her many years in the luxury hospitality industry with the Ritz Carlton. Building on this service of excellence, Alexis’s international diplomacy skills blossomed while working with such notable groups as the U.S. Global Leadership Coalition, the World Bank, US China Business Council, National U.S. Arab Chamber of Commerce, the Atlantic Council; and embassies including the Embassy of the Peoples Republic of China, and the Embassy of the Kingdom of Bahrain. This invaluable diplomatic experience has allowed Alexis to craft the perfect environment for notable VIP guests including His Royal Highness Prince Khalid Al-Faisal, The First Lady of Zambia Madam Esther Lungu, and His Excellency Ali Al-Naimi. A native of Snyder, New York, Alexis earned a Bachelor of Fine Arts in Musical Theater from Howard University in Washington, DC. Alexis relocated from Washington, DC to Saudi Arabia to join a prominent research institution. To follow Alexis's journey, follow her on social media: https://www.instagram.com/desertdebutante/?hl=en For more information about Black Broads Abroad follow: https://www.instagram.com/blackbroadsabroad/ / or visit the website: https://www.blackbroadsabroad.com/ To support the podcast, become a member @https://www.patreon.com/BLACKBROADSABROAD --- Send in a voice message: https://anchor.fm/blackbroadsabroad/message Support this podcast: https://anchor.fm/blackbroadsabroad/support

The International Monetary Fund (IMF) has warned that economic growth in Asia is expected to grind to a halt for the first time in 60 years due to COVID-19. But the IMF does expect the region to fare better than Europe and the US, with the emerging economic giants of China and India avoiding recession. The fund urges Asia's governments to offer support targeted at households and businesses that have been hit the hardest by the pandemic. Shamim Chowdhury has the details. For more, we spoke to Anna Ashton in Washington DC. She's the director of Business Advisory Services at the US-China Business Council. #IMF #AsiaEconomy #Recession

Monday on Adams on Agriculture DTN meteorologist Bryce Anderson gives his national and international forecast, Iowa Senator Charles Grassley discusses the Administration’s stance on SREs and government response to the coronavirus outbreak and Jake Parker, Sr. VP US/China Business Council updates the impact of coronavirus on world trade.

AmCham spoke with Owen Haacke, Chief Representative at the Shanghai office of the US-China Business Council, on the business impact of COVD-19 on American business on the ground and implications for US-China trade relations.

What is behind the uptick in legislation related to China? More than 252 proposals in the 116th Congress so far, to be exact. Anna Ashton, senior director of government affairs at the US-China Business Council, provides a glimpse into the […]

What is behind the uptick in legislation related to China? More than 252 proposals in the 116th Congress so far, to be exact. Anna Ashton, senior director of government affairs at the US-China Business Council, provides a glimpse into the

Neal and Rich discuss Ryan Khurana's article -The Return of the American Entrepreneur. Ryan is the Founder and Executive Director of the Institute for Advancing Prosperity. Matt Margulies, VP of China Operations at the US/China Business Council breaks down Phase One of the USMCA.

AmCham’s Margaret Loo sat down with Craig Allen, President of the US-China Business Council, to discuss the pending US-China trade deal, the subsequent trade negotiations and the implications for businesses.

What makes the lynch party of Lebron racist is that not a single CEO or Board member of the more than 200 US companies in partnership with China through the US-China Business Council has been called out by name or pressured to come out in support of the Hong Kong protests nor was Golden State Warriors head coach Steve Kerr lynched for saying when he is in China, he isn't asked by sports reporters about the human rights abuses in the United States.

What makes the lynch party of Lebron racist is that not a single CEO or Board member of the more than 200 US companies in partnership with China through the US-China Business Council has been called out by name or pressured to come out in support of the Hong Kong protests nor was Golden State Warriors head coach Steve Kerr lynched for saying when he is in China, he isn't asked by sports reporters about the human rights abuses in the United States.

The annual US-China Business Council survey of members paints an interesting picture of American companies operating in China.

The annual US-China Business Council survey of members paints an interesting picture of American companies operating in China.

The annual US-China Business Council survey of members paints an interesting picture of American companies operating in China.

Speaker: Craig Allen, President, US-China Business Council This event is part of the "China Economy Lecture Series," hosted by Professor Meg Rithmire at the Fairbank Center for Chinese Studies, Harvard University. On July 26, 2018, Craig Allen began his tenure in Washington, DC, as the sixth President of the United States-China Business Council (USCBC), a private, nonpartisan, nonprofit organization representing over 200 American companies doing business with China. Prior to joining USCBC, Craig had a long, distinguished career in US public service. Craig began his government career in 1985 at the Department of Commerce’s International Trade Administration (ITA). He entered government as a Presidential Management Intern, rotating through the four branches of ITA. From 1986 to 1988, he was an international economist in ITA’s China Office. In 1988, Craig transferred to the American Institute in Taiwan, where he served as Director of the American Trade Center in Taipei. He held this position until 1992, when he returned to the Department of Commerce for a three-year posting at the US Embassy in Beijing as Commercial Attaché. In 1995, Craig was assigned to the US Embassy in Tokyo, where he served as a Commercial Attaché. In 1998, he was promoted to Deputy Senior Commercial Officer. In 1999, Craig became a member of the Senior Foreign Service. From 2000, Craig served a two-year tour at the National Center for APEC in Seattle. While there, he worked on the APEC Summits in Brunei, China, and Mexico. In 2002, it was back to Beijing, where Craig served as the Senior Commercial Officer. In Beijing, Craig was promoted to the Minister Counselor rank of the Senior Foreign Service. After a four-year tour in South Africa, Craig became Deputy Assistant Secretary for Asia at the US Department of Commerce’s International Trade Administration. He later became Deputy Assistant Secretary for China. Craig was sworn in as the United States ambassador to Brunei Darussalam on December 19, 2014. He served there until July 2018, when he transitioned to President of the US-China Business Council. Craig received a B.A. from the University of Michigan in Political Science and Asian Studies in 1979. He received a Master of Science in Foreign Service from Georgetown University in 1985.

In this week's episode of Asia Unscripted, Vivien and Isabelle speak with Craig Allen, President of the US-China Business Council and the former Ambassador of the US to Brunei Darussalam. Prior to his time in Brunei, Craig had a long, distinguished career in US public service, notably working for the US Department of Commerce in Taiwan, Beijing, Tokyo, and Johannesburg. Craig was sworn in as the United States Ambassador to Brunei Darussalam on December 19, 2014, and he served there until July 2018, when he transitioned to President of the US-China Business Council. In the following clips, Craig speaks about the economic prosperity and political stability that he observed during his time in Brunei. Support the show (https://www.usasiainstitute.org/support-usai-ch)

Wednesday on Adams on Agriculture Kansas Wheat Growers CEO Justin Gilpin gives an update on the Kansas wheat harvest, Rabo AgriFinance grain and oilseeds analyst Steve Nicholson gives his market outlook, University of Illinois ag economist Scott Irwin discusses the ongoing battle over SRE's and Erin Ennis, Sr. VP US/China Business Council updates trade talks.

Monday on Adams on Agriculture DTN meteorologist Bryce Anderson gives his July forecast, Erin Ennis, Sr. VP US/China Business Council gives her perspectives on the G 20 meeting as does Dave Salmonsen with AFBF.

The Yes Team Martijn Rasser Senior Fellow, Technology and National Security Program Center for a New American SecurityDan David  Founder Wolfpack Research LLC   vs.  The No Team  Paul Triolo Practice Head, Geo-Technology Eurasia GroupErin Ennis Senior Vice President US-China Business Council  In May 2019 the Trump administration took several steps aimed at limiting the business activities of Huawei because of national security concerns. The president issued an executive order banning the sale of Huawei products in the United States, expanding restrictions that were first applied to federal government agencies. Furthermore, the Commerce Department placed Huawei on its “Entities List,” banning American firms from supplying products and services to Huawei. Four days later, the Commerce Department issued a “Temporary General License” (TGL) allowing firms to provide support for previously concluded business. The TGL is set to expire on August 19. These steps represent not only a major adjustment in American treatment of Huawei and potentially American policy toward China, but also how the world should manage the increasingly fraught technology-national security nexus.    This event features a formal debate on the question, “Should the United States severely restrict Huawei’s business?” Arguing “yes” is the team of Martijn Rasser of the Center for a New American Security and Dan David of Wolfpack Research LLC. Arguing “no” is the team of Paul Triolo of the Eurasia Group and Erin Ennis from the US-China Business Council. CSIS’s Scott Kennedy will moderate the debate as well as the subsequent follow-up discussion with the participants and audience about the pros and cons of specific actions toward Huawei and the implications for US-China relations, American foreign policy, and the shape of the global economy. This event is made possible through general support to CSIS. 

Why is this sector seeing openings in China while almost every other industry is facing tariffs and other barriers? This week, we speak with Angela Deng, a manager of Government Affairs at the US-China Business Council. Angela also covers the financial

Why is this sector seeing openings in China while almost every other industry is facing tariffs and other barriers? This week, we speak with Angela Deng, a manager of Government Affairs at the US-China Business Council. Angela also covers the financial […]

This week, due to some unforeseen technical difficulties, we skip the trip to China and stay in Washington instead. We have a quick catchup with Erin Ennis, the Senior Vice President of the US-China Business Council to get the latest

This week, due to some unforeseen technical difficulties, we skip the trip to China and stay in Washington instead. We have a quick catchup with Erin Ennis, the Senior Vice President of the US-China Business Council to get the latest […]

Uber has set a price for floating its shares on the New York Stock Exchange, in what is expected to be one of the biggest stock market flotations of the year. We get reaction from Cary Leahey of Decision Economics in New York. In just a few hours' time the US is due to impose new trade tariffs on $200 billion worth of Chinese goods. Talks on a possible trade deal continue, even as the US accused China of reneging on commitments it has made so far in the talks. Will they succeed? We hear from Erin Ennis of the US-China Business Council in Washington DC.

AmCham HK just hosted a timely discussion on the latest US-China Trade Talks, a day before Chinese Chief Trade Negotiator & Vice Premier Liu He flies to Washington D.C. for a new round of trade talks. We caught up with Owen Haacke, Chief Representative at the Shanghai office of the US-China Business Council, to gain some perspective from the ground of what is happening.

This week, we catch up with Owen Haacke, our Chief Representative in Shanghai. The US-China Business Council led a delegation of its member companies to meet with the Governor of Zhejiang Province, Yuan Jiajun. Environmental enforcement has also been a […]

This week, we catch up with Owen Haacke, our Chief Representative in Shanghai. The US-China Business Council led a delegation of its member companies to meet with the Governor of Zhejiang Province, Yuan Jiajun. Environmental enforcement has also been a

Friday on Adams on Agriculture AFBF's Don Parish discusses clean water issues, Matt Bennett with Ag Market.Net gives his market outlook, Erin Ennis, Sr. VP. US/China Business Council gives her perspective on trade talks and KASM farm director Joe Gill in Albany, Minnesota reports on conditions in his state.

This week on the Sinica Podcast, we’re live from the US-China Business Council’s Forecast 2019 Conference in Washington, D.C. This show was recorded on January 31 — the day (and hour) that Donald Trump met with China’s top official in charge of trade negotiations, Liu He. Kaiser and Jeremy spoke with Tim Stratford, the chairman of the American Chamber of Commerce (AmCham) in the People's Republic of China, and with Craig Allen, the president of the US-China Business Council. Stratford has also headed the leading law firm Covington’s office in China for many years, while Allen has had a long career representing American economic interests at the Department of Commerce and in the State Department, most recently as the U.S. ambassador to Brunei. The wide-ranging conversation covers everything from technology policies to the structural changes that China is being asked to make to address U.S. complaints over unfair trade practices. What to listen for on this week’s Sinica Podcast: “If you want a quiet life, don’t study China.” —Ambassador J. Stapleton Roy, per Craig Allen 5:22: Tim offers an analogy to describe the U.S.-China competitive relationship: a football match with one side playing American style, the other playing English style. “So, think of a Chinese SOE as an American-style football player that’s protected — it can receive subsidies and it can receive other protections from the state and it’s competing against, say, an American company that’s out there to play English-style football — and you can see how there could be an injury.” 15:14: The foreign business community, previously a reliable ballast in the bilateral relationship between the U.S. and China, has soured in recent years. According to Tim, results in the annual Business Climate Review conducted by the American Chamber of Commerce in China were shocking, with 75 to 80 percent of its membership saying they feel less welcome than in the past. He explains: “There’s a credibility gap that still needs to be addressed, and I also think that a lot of things that have been offered up by the government have not really addressed the core structural issues we’ve been addressing.” 24:48: Is the Trump administration committed to technological decoupling? Craig notes: “There is a sense that seems to be shared between national security elites both in Beijing and in Washington — that both countries are too interdependent from a supply chain and technological perspective… It is clear that a lot of new thought is going into our export control plans and to our investment regimes, and it is very likely that the tightening up of both of those programs are going to have an effect on supply chains and innovation.” 30:48: To finish the live show, Tim and Craig do a bit of forecasting for the new year. Tim contends, “It’s going to take a little bit longer than just one year. I think it’s going to take three, four, or five years, even.” Craig emphasizes the relative health of the U.S. and Chinese economies, stating, “My hope is that both governments will both congeal around the rules that both have formally agreed to under the WTO and find common ground in the technology, trade, and investment space.” Recommendations: Jeremy: Civics study materials for the United States naturalization test, and Hello Gold Mountain, an original composition by Wu Fei for chamber orchestra, which tells the story of Jews who fled Europe for Shanghai after World War II. Craig: Identity: The Demand for Dignity and the Politics of Resentment, by Francis Fukuyama. Tim: “Building a better deal with China,” by Scott Kennedy and Daniel H. Rosen. Kaiser: The Water Margin Podcast: Outlaws of the Marsh, by John Zhu, a retelling of one of the four classic Chinese novels in English.

Monday on Adams on Agriculture DTN meteorologist Bryce Anderson forecasts a week of bitterly cold weather, House Ag Committee Chair Collin Peterson discusses ag issues moving forward and Erin Ennis, Sr VP of the US/China Business Council previews this week's trade talks.

Monday on Adams on Agriculture DTN meteorologist Bryce Anderson forecasts a week of bitterly cold weather, House Ag Committee Chair Collin Peterson discusses ag issues moving forward and Erin Ennis, Sr VP of the US/China Business Council previews this week's trade talks.      

The United States and China are major trade partners, but current economic tensions between the two countries could have far-reaching affects. Erin Ennis, Senior Vice President of the US-China Business Council spoke at the Alaska World Affairs Council about what these trade issues might mean for Alaska. Thanks for listening!

The United States and China are major trade partners, but current economic tensions between the two countries could have far-reaching affects. Erin Ennis, Senior Vice President of the US-China Business Council spoke at the Alaska World Affairs Council about what these trade issues might mean for Alaska. Thanks for listening!

Friday on Adams on Agriculture NPPC chief veterinarian Liz Wagstrom gives an update on African Swine Fever, USDA Undersecretary Bill Northey updates the impact of the government shutdown and Erin Ennis, SR VP of the US/China Business Council previews next week's trade talks with China.

Wednesday on Adams on Agriculture Missouri Farm Bureau President Blake Hurst reviews his organization's annual meeting, Dave Salmonsen with AFBF discusses trade with China and USMC and Erin Ennis, SR. VP for the US/China Business Council gives her views on the G 20 meeting.

The United States and China are major trade partners, but current economic tensions between the two countries could have far-reaching affects. Erin Ennis, Senior Vice President of the US-China Business Council spoke at the Alaska World Affairs Council about what these trade issues might mean for Alaska.  Thanks for listening!

The United States and China are major trade partners, but current economic tensions between the two countries could have far-reaching affects. Erin Ennis, Senior Vice President of the US-China Business Council spoke at the Alaska World Affairs Council about what these trade issues might mean for Alaska.  Thanks for listening!

Doug McMillon (IG: @dougmcmillon) is president and chief executive officer of Walmart, a company that, if it were a country, would be the 25th largest economy in the world. Walmart serves 265 million customers weekly in 27 countries across more than 11,000 stores and online, and the company employs roughly 2.2 million associates worldwide, which would equate to the second largest army in the world (behind China) if it were tasked with defending that 25th largest economy.75 percent of Walmart's store management team began as hourly associates, and Doug is no exception. He started out in 1984 as a summer associate in the Walmart distribution center, and in 1990 while pursuing his MBA, he rejoined the company as an assistant manager in Tulsa before moving to merchandising as a buyer trainee. He worked his way up, and from 2005 to 2009 he served as president and CEO of Sam's Club (owned and operated by Walmart) with sales of more than $46 billion annually during his tenure.From February of 2009 to 2014, Doug served as president and CEO of Walmart International, a fast-growing segment of Walmart's overall operations. He has served on the board of directors for Walmart since 2013 and is currently the chair of the executive and global compensation committees. In addition, he serves on the board of directors of the Consumer Goods Forum, the US-China Business Council and Crystal Bridges Museum of American Art. He also serves on the executive committee of the Business Roundtable and the advisory board of the Tsinghua University School of Economics and Management in Beijing, China.This episode was recorded live at the Heartland Summit in Bentonville, AR, surrounded by the jaw-droppingly mind-blowing Crystal Bridges Museum of American Art. Please enjoy!This episode is brought to you by LinkedIn and its job recruitment platform, which offers a smarter system for the hiring process. If you've ever hired anyone (or attempted to), you know finding the right people can be difficult. If you don't have a direct referral from someone you trust, you're left to use job boards that don't offer any real-world networking approach.LinkedIn, as the world's largest professional network — used by more than 70 percent of the US workforce — has a built-in ecosystem that allows you to not only search for employees, but also interact with them, their connections, and their former employers and colleagues in a way that closely mimics real-life communication. Visit LinkedIn.com/Tim and get $50 off toward your first job post!***If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. I also love reading the reviews!For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Interested in sponsoring the podcast? Please fill out the form at tim.blog/sponsor.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferriss

Thursday on Adams on Agriculture Diane Calmus with the National Rural Health Association highlights provisions in the farm bill dealing with rural health, Erin Ennis, Sr. VP for the US/China Business Council discusses the ongoing trade dispute with China and Maria Zeeba with the National Pork Producers Council explains economic harm being done to U.S. pork producers from trade disputes with Mexico and China.

During David Farr’s 16-plus years leading Emerson, the company has steadily transformed from a diversified manufacturing conglomerate into a highly focused global enterprise that provides innovative technology and service solutions for customers in industrial, commercial, and residential markets. Such was the case in 2016 as Farr led a number of strategic initiatives that again reshaped the company for the future. Its two key business platforms, Automation Solutions and Commercial and Residential Solutions, delivered global sales of more than $14.5 billion in 2016, with international sales representing 52 percent of that total. Since becoming CEO in 2000 (he was named chairman in 2004), Farr has put a priority on creating long-term value for shareholders and investing for long-term growth while maintaining the company’s solid financial performance relative to earnings, cash flow, and return on capital. Emerson is one of a handful of companies with 60 consecutive years or more of increasing dividends to its shareholders. Farr joined the company in 1981 in a corporate staff position and progressed through a series of corporate staff and business unit management positions with increasing responsibilities. In 1993, he was appointed president of Emerson’s Asia-Pacific operations and was based in Hong Kong for four years. Farr returned to the United States in 1997 to oversee Emerson’s process control business. In 1999, Farr was appointed as Emerson’s chief operating officer and held that position until being named CEO. As Emerson CEO, Farr has been an active member of business and industry organizations. He serves as chairman of the National Association of Manufacturers (NAM) board of directors. He is on the board of directors for the US-China Business Council and also is a member of the board of directors of IBM. Farr has been active in a wide range of civic and charitable organizations in St. Louis. He is a member and past president of Civic Progress, an organization of chief executives from leading companies in St. Louis who work together to promote the region. He currently serves on the executive board of the Municipal Theatre Association of St. Louis (The Muny at Forest Park). He has served stints on the boards of directors for several nonprofits and educational institutions, including the United Way of Greater St. Louis. In recognition of his community leadership and charitable activities, Farr was named St. Louis Citizen of the Year in 2011 and was recognized by the Marine Corps Scholarship Foundation with the Semper Fidelis Award in 2012. Farr received a bachelor’s degree in chemistry from Wake Forest University and a master’s degree in business administration from Vanderbilt University.  

Heading into 2016, some expected a sharp decline in China’s economic growth. So far, China has avoided a hard landing and continues to meet its modified growth targets, but the slowdown is clearly real. As China adjusts to its “new normal,” business leaders remain anxious about the long term prospects of the world’s second largest economy.  Slowing growth has reduced American corporate profits, but China is still the most attractive emerging market in the world, and most companies have decided to stay. The US-China Business Council’s (USCBC) Annual Membership Survey captures how American companies view the changing business environment and are responding to this challenge. The survey’s data reveals the difficult position of American business leaders operating in China. While nearly 20 percent of respondents expect their revenue to decline in the coming year, 90 percent say their business remains profitable and that China continues to be a priority market. On October 20, 2016, USCBC President John Frisbie presented the survey’s key findings, in a discussion with National Committee President Stephen Orlins. John Frisbie, president of the USCBC since 2004, has 30 years of experience in business and government relations with China, including nearly 10 years living and working in Beijing. His China background includes mergers and acquisitions, commercial negotiations, operating best practices and execution, strategy development, trade and investment consulting, policy analysis and advocacy, U.S. and PRC government relations, and media relations. He has spoken at numerous conferences and events; written articles for the China Business Review, USCBC’s digital magazine; and has been published in other outlets such as the Financial Times, Current History, and the Journal of Commerce. He has also been extensively quoted in articles in The Wall Street Journal, The Washington Post, The New York Times, and Caixin, among other publications. The National Committee on U.S.-China Relations is the leading nonprofit nonpartisan organization that encourages understanding of China and the United States among citizens of both countries.

Heading into 2016, some expected a sharp decline in China’s economic growth. So far, China has avoided a hard landing and continues to meet its modified growth targets, but the slowdown is clearly real. As China adjusts to its “new normal,” business leaders remain anxious about the long term prospects of the world’s second largest economy. Concerned about lagging structural reforms, high corporate debt ratios, stock market volatility, and hesitant policy responses, market sentiment is softening, and uncertainty prevails. Slowing growth has also reduced American corporate profits, but China is still the most attractive emerging market in the world, and most companies have decided to stay – at least for now. The US-China Business Council’s (USCBC) Annual Membership Survey captures how American companies view the changing business environment and are responding to this challenge.  The survey’s data reveals the difficult position of American business leaders operating in China. While nearly 20 percent of respondents expect their revenue to decline in the coming year, 90 percent say their business remains profitable and that China continues to be a priority market. On October 20, 2016, USCBC President John Frisbie presented the survey’s key findings, in a discussion with National Committee President Stephen Orlins.   John Frisbie, president of the USCBC since 2004, has 30 years of experience in business and government relations with China, including nearly 10 years living and working in Beijing. Mr. Frisbie started his career with the USCBC in 1986, first working in USCBC’s Washington, D.C., office, then as director of China operations in Beijing from 1988 to 1993. He joined General Electric (GE) in 1993 as director for business development in China for the company’s diverse set of businesses and then moved to Singapore to assume Asia-wide positions for two GE units. Mr. Frisbie returned to the United States in 2000, joining the trade consulting practice established by former Secretary of Commerce Mickey Kantor at Mayer, Brown, Rowe & Maw LLP. Four years later he returned to USCBC as president. His China background includes mergers and acquisitions, commercial negotiations, operating best practices and execution, strategy development, trade and investment consulting, policy analysis and advocacy, U.S. and PRC government relations, and media relations. He has spoken at numerous conferences and events; written articles for the China Business Review, USCBC’s digital magazine; and has been published in other outlets such as the Financial Times, Current History, and the Journal of Commerce. He has also been extensively quoted in articles in The Wall Street Journal, The Washington Post, The New York Times, and Caixin, among other publications.

Erin Ennis has been Vice President of the US-China Business Council since 2005. She directs the Council's government affairs and advocacy work and oversees its business advisory services on behalf of its 215 member companies. Prior to this, she worked on trade matters at Kissinger McLarty Associates. In the 1990s, Ennis worked at the Office of the US Trade Representative and as a legislative aide to Senator John Breaux. She's a graduate of Mount Holyoke College and the Catholic University of America.

Erin Ennis has been Vice President of the US-China Business Council since 2005. She directs the Council's government affairs and advocacy work and oversees its business advisory services on behalf of its 215 member companies. Prior to this, she worked on trade matters at Kissinger McLarty Associates. In the 1990s, Ennis worked at the Office of the US Trade Representative and as a legislative aide to Senator John Breaux. She's a graduate of Mount Holyoke College and the Catholic University of America.