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Craig Allen, president of the US-China Business Council (USCBC) discussed with The Asian Banker's Emmanuel Daniel the impact of the US-China trade tensions on foreign companies doing business in China, and anywhere in the world.
USCBC recently submitted comments to the Bureau of Industry and Security on new export controls aimed at advanced chips and chipmaking equipment. To dig into what the new export controls are, why they matter, and what they mean for US companies, we’re chatting this week with Zach Tomatz, a business advisory services manager in our […]
As we head into USCBC’s 50th year, we wanted to catch up with the organization’s president, Craig Allen, and get some reflections on the year behind us, the year ahead of us, and the next few decades. The State of USCBC As We Embark on Our 50th Year: A Note to Members from Craig Allen […]
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/
For the first time in three years, USCBC President Craig Allen is headed back to China. While there, he'll be meeting with government interlocutors, member companies, and our hardworking staff in China. So before he boards the flight for Shanghai, we sat down with Craig to chat about his expectations for and thoughts about the […]
Some of our colleagues in China recently went to the International Consumer Products Expo in Hainan. To catch up on the trip, we're on the line this week with our senior director in Shanghai, Melinda Xu. Learn more about USCBC on our website
With the finalization of new cross-border data transfer rules in China, companies are looking at how they need to adapt their business models. To get an explanation of the new rules' importance, we're on the line this week with our senior vice president for China operations, Matt Margulies. Some related reading for USCBC members: China's […]
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.
The past five years have seen significant developments in China's data, privacy, and cybersecurity regimes, all aimed at protecting personal data and strengthening national security. These changes are analyzed in a recent report from USCBC, and today we're chatting with Hannah Feldshuh, one of the authors, about how the changing environment is affecting companies. Read […]
We know that travelling to China is simultaneously important for company operations and also a bit of a logistical nightmare. To ease that a little bit, we've set up a fast track travel program to help members expedite the process of getting a PU letter. To chat about the program, we're on the line this […]
To wrap up our three-part miniseries on the 14th Five-Year Plan, CCBC Managing Director China Noah Fraser interviews his counterparts at the US-China Business Council (USCBC) and China Britain Business Council (CBBC) — Matt Margulies, Senior Vice President, China, USCBC, and Tom Simpson, Managing Director and Chief Representative, CBBC — on the eve of the conclusion of the Two Sessions or “lianghui.” The conversation dives into the parallels and divergences between our three bilateral relationships, and move into practical takeaways from the five-year plan and the Two Sessions, including the real meaning behind those GDP growth targets, foreign investment negative lists, financial market liberalization and much more.This three-part miniseries is sponsored by Neo Performance Materials.
China is currently facing its largest outbreak of COVID-19 since the beginning of the pandemic. So what does this mean for China’s COVID-zero strategy? To discuss, we’re on the line this week with our senior director in Shanghai, Melinda Xu. Learn more about USCBC on our website
The arrival of several cases of the omicron variant of COVID-19 in China has caused some supply chain snarls and increased control measures ahead of the Olympic games. To get a roundup, we're on the line this week with our Beijing director, Lipei Zhang. Learn more about USCBC on our website
There have recently been some updates to China's Antimonopoly Law, so we wanted to get an update from our China offices on the topic. This week, we chat with our Director in Beijing, Lipei Zhang. Learn more about USCBC on our website
USCBC recently led the drafting and delivery of an industry letter cosigned by about two dozen other associations to US Trade Representative Katherine Tai and Treasury Secretary Janet Yellen. In it, we made some suggestions for how the administration might pursue a more durable trade and economic strategy with China. To chat about the letter, […]
U.S. Trade Representative Katherine Tai recently announced the results of the long-awaited strategic review of the U.S.-China trade relationship, yet many open questions remain. In this episode of China Corner Office, Chris Marquis is joined by Craig Allen, president of the US-China Business Council (USCBC), and Anna Ashton, vice president of government affairs at the USCBC, to discuss the state of the U.S.-China trade policy and what to expect in the future. In addition to reviewing the ongoing issues of tariffs and the phase one commitments, Craig and Anna reflect on how many events this fall such as the U.S.-China virtual summit, G20 meeting, APEC, and COP26 should provide further clarity to the U.S.-China relationship. Overall, the conversation takes a big-picture view of U.S.-China relations and how the Biden administration's plans intersect with congressional priorities and also the strategies of our EU allies.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
One topic that has been dominating headlines out of China has been power shortages. Since our China offices are currently closed for the national holiday, today we're chatting with Jack Kamensky, USCBC's director of business advisory services, based here in Washington, DC. Need to get in touch about how power outages are affecting your company? […]
This week, we launched our latest report, looking at the challenges US companies face in China's government procurement market and some of the strategies they use to overcome them. To get a quick rundown of the main points, this week we're chatting with the author, Alison Schonberg, a business advisory services manager with USCBC in […]
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.
The island of Hainan in southern China is a tropical destination that's being developed as a free trade area by the Chinese government. A delegation from USCBC recently visited the province for a set of meetings. This week, to get a roundup of the meetings, we chat with our Chief Representative in Shanghai, Melinda Xu. […]
Recently, a group from our Beijing office headed to Shanxi province in central China for some forums and some private meetings. To get a roundup from the meetings, we’re on the line with our vice president for China operations, Matt Margulies. Get in touch with Matt about upcoming meetings Learn more about USCBC on our […]
Our Shanghai office recently hosted a cybersecurity workshop for companies that touched on some shared concerns and best practices. This week, to dig into some of the regulatory challenges that companies face on the ground, we’re on the line with our Chief Representative in Shanghai, Melinda Xu. Learn more about USCBC on our website!
China’s parliamentary “two sessions” start this week. What can we expect to be on the agenda and what should companies be paying special attention to? We get our update this week from our Vice President for China Operations Matt Margulies. Learn more about USCBC on our website Interested in the provincial level “two sessions?” Listen […]
We’re approaching Chinese New Year, but at the moment, we’re still facing the threat of COVID-19. So to get an update from Beijing of what things look like on the ground in preparation for the big holiday, we’re on the line with our director in Beijing, Lipei Zhang. Learn more about USCBC on our website.
With the news today that China’s economic numbers are showing a continued broad recovery, we’re on the line with our Shanghai Director Owen Haacke to get the latest on-the-ground insights from China and updates on some of the challenges companies are facing. Learn more about USCBC’s work on our website.
Over the past two years, tariffs and uncertainty in the business environment have prompted precipitous declines in US exports to China. This week, we walk through some of the numbers in our recently released District Export Report. USCBC: 2020 District Export Report USCBC: Full districts data document
Even though China policy isn’t going to be the biggest issue on the new administration’s plate, it’s still a deeply important one. This week, we chat with USCBC Senior Vice President Jake Parker about the potential future for China policy under the Biden administration. Learn more about USCBC on our website Read more: The Road Ahead […]
China’s Communist Party Central Committee has recently wrapped up its Fifth Plenum. To dive into the outcomes from the meeting and what to watch, we’re on the line with our Shanghai director, Owen Haacke. More coverage: China Releases Priorities for the Next Five-Year Plan at Annual Party Meeting Learn more about USCBC on our website. Questions? […]
Though it would normally be held in person, this year’s board trip to China was held virtually. Nonetheless, it was a productive exchange and we’re on the line with our director in Beijing, Lipei Zhang, to get a readout on what was discussed. Learn more about USCBC on our website.
聯合國秘書長古特瑞斯(Antonio Guterres)認為中美對抗造成全球形成兩個集團,並且形成兩套貿易規則、兩套地緣戰略及軍事戰略,這對全世界而言都是巨大的風險。面對中美兩強貿易持續對峙,美國企業也急了!在美中貿易委員會(USCBC)近日(8月14日)發布的調查報告就指出,91%受訪的美國企業表示其在中國的業務保持盈利,83%表示將大陸視為全球最重要或前五大市場之一,近70%的受訪企業表示對大陸市場未來五年的商業前景表示樂觀,85%表示未來一年將保持或擴大在大陸投資規模。面對中美持續對峙,台灣該如何應對?民主黨在近日(8月18日)修改黨綱、拿掉「一中原則」,彰顯何種立場?資深媒體人唐湘龍、陳鳳馨深度對談。
Hot and cold rhetoric surrounding the Phase One deal has sent mixed signals about the future of the US-China trade relationship. With Phase One now officially in effect for six months, I spoke with our own USCBC analysts Jack Kamensky,
Plans for the new Hainan free trade port have been all over Chinese state media lately, so this week we get the latest from our Beijing director, Lipei Zhang, on the plans for the free trade zone. Relevant links USCBC: […]
Plans for the new Hainan free trade port have been all over Chinese state media lately, so this week we get the latest from our Beijing director, Lipei Zhang, on the plans for the free trade zone. Relevant links USCBC:
Doug Barry lives in Washington, D.C., where he is Senior Director of Communications and Publications at the U.S. China Business Council (USCBC) and adjunct professor at George Washington University. Doug has worked in the private sector as a strategic communications consultant, assisting clients in industries including healthcare, data analytics, and higher education. He has also held posts in Washington and throughout Asia at the US Foreign and Commercial Service. Earlier in his career he worked as a journalist for ABC News in New York and London. He has written several books and numerous articles on international trade for businesspeople. As a spokesperson, he has been quoted in The New York Times, Washington Post, Christian Science Monitor, USA Today, and many other publications and broadcast news outlets. In this conversation, Jade and Doug discuss the current state of U.S.-China relations and the importance of the shared economic relationship. The USCBC’s recently published recently published 2020 State Export Report tracks the U.S. goods and services exports to China, by state, over the past ten years. Highlighted areas for Michigan include the automotive industry as well as the education industry, areas of the economy that have suffered somewhat recently due to tariffs and the expected continued contraction of foreign visitors and students due to the current pandemic. » Subscribe for More: https://www.youtube.com/channel/UCqNX... » Visit MBN website: https://www.michiganbusinessnetwork.com/ MBN ON SOCIAL: MBN YouTube: https://www.youtube.com/channel/UCqNX... Like MBN: https://www.facebook.com/mibiznetwork Follow MBN: https://twitter.com/MIBizNetwork/ MBN Instagram: https://www.instagram.com/mibiznetwork/
In a show taped live at the China-U.S. Summit at Duke University on February 29, Kaiser chats with Ambassador Craig Allen, the longtime Asia-based diplomat who now serves as president of the U.S.-China Business Council. Topics include the impact of the COVID-19 pandemic on U.S. businesses with China exposure, the major issues plaguing American companies, the phase one trade deal inked in January, and more.6:18: COVID-19 and decoupling12:11: The role of business communities in the U.S.-China relationship24:00: Where does Silicon Valley stand?34:40: State-level sentiments outside the BeltwayRecommendations:Craig: Capitalism, Alone: The Future of the System That Rules the World, by Branko Milanovic, and a report by BusinessEurope titled The EU and China - Addressing the systemic challenge. Kaiser: Black Wave: Saudi Arabia, Iran, and the Forty-Year Rivalry That Unraveled Culture, Religion, and Collective Memory in the Middle East, by Kim Ghattas.
As the novel coronavirus affects communities in Wuhan and the rest of China, we take a few minutes to speak with Matt Margulies, our Vice President for China Operations about the logistical and business impacts of the virus. USCBC is […]
As the novel coronavirus affects communities in Wuhan and the rest of China, we take a few minutes to speak with Matt Margulies, our Vice President for China Operations about the logistical and business impacts of the virus. USCBC is
Has there been any progress towards a trade deal? This week, we chat with Lipei Zhang, USCBC’s Deputy Director in Beijing. First we get the latest on US-China negotiations and then we turn to some legislative updates from China on […]
Has there been any progress towards a trade deal? This week, we chat with Lipei Zhang, USCBC’s Deputy Director in Beijing. First we get the latest on US-China negotiations and then we turn to some legislative updates from China on
After the conclusion of our annual China Operations Conference (CHOPS) in Shanghai, we took a few minutes to chat with Matt Margulies, USCBC’s VP for China Operations. The main takeaways were on positive company sentiment towards the China market, the […]
After the conclusion of our annual China Operations Conference (CHOPS) in Shanghai, we took a few minutes to chat with Matt Margulies, USCBC’s VP for China Operations. The main takeaways were on positive company sentiment towards the China market,
Last week, USCBC’s Chairman and President led a delegation to Beijing to meet with a Premier Li Keqiang, other Chinese officials, and CEOs of major Chinese companies. This week, Lipei Zhang has the wrapup of the event. After covering the
Last week, USCBC’s Chairman and President led a delegation to Beijing to meet with a Premier Li Keqiang, other Chinese officials, and CEOs of major Chinese companies. This week, Lipei Zhang has the wrapup of the event. After covering the […]
As China gets ready to kick off celebrations for its 70th anniversary, we catch up with Lipei Zhang, USCBC’s Deputy Director in Beijing. We get up to date on the latest in the bilateral relationship and take a look at […]
As China gets ready to kick off celebrations for its 70th anniversary, we catch up with Lipei Zhang, USCBC’s Deputy Director in Beijing. We get up to date on the latest in the bilateral relationship and take a look at
This week, Shanghai is on the line. We speak with USCBC’s Chief Representative in the city, Owen Haacke, to get up to speed on the latest developments. First, a note on tariff delays until October 15, then a quick look […]
This week, Shanghai is on the line. We speak with USCBC’s Chief Representative in the city, Owen Haacke, to get up to speed on the latest developments. First, a note on tariff delays until October 15, then a quick look
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.
This week, we have USCBC’s Deputy Director in Beijing, Lipei Zhang on the line. First up is the ever-evolving latest news on the bilateral relationship. What can we expect before scheduled trade talks in October? Then, a short highlight reel
This week, we have USCBC’s Deputy Director in Beijing, Lipei Zhang on the line. First up is the ever-evolving latest news on the bilateral relationship. What can we expect before scheduled trade talks in October? Then, a short highlight reel […]
After a busy weekend, we’re getting the latest view from Beijing on where we stand, from details on the new list of Chinese tariffs to Liu He’s comments on China’s growth and stability. USCBC members can read more exclusive coverage
After a busy weekend, we’re getting the latest view from Beijing on where we stand, from details on the new list of Chinese tariffs to Liu He’s comments on China’s growth and stability. USCBC members can read more exclusive coverage […]
This week, we talk with Lipei Zhang, USCBC’s Deputy Director in Beijing. First up, some on-the-ground details from the trade negotiations that went sour in Shanghai two weeks ago. After that, we talk about new measures aimed at improving the […]
This week, we talk with Lipei Zhang, USCBC’s Deputy Director in Beijing. First up, some on-the-ground details from the trade negotiations that went sour in Shanghai two weeks ago. After that, we talk about new measures aimed at improving the
This week, we’re headed to Shanghai. We’ve got Owen Haacke, USCBC’s Chief Representative in Shanghai, on the line. Three topics to cover; first the latest from US-China trade negotiations. Second, what to make of new data on the Chinese economy. […]
This week, we’re headed to Shanghai. We’ve got Owen Haacke, USCBC’s Chief Representative in Shanghai, on the line. Three topics to cover; first the latest from US-China trade negotiations. Second, what to make of new data on the Chinese
This week, we’re catching the latest from Beijing, but from someone new! As our VP for China Operations Jake Parker is headed stateside, we have Lipei Zhang, USCBC’s Deputy Director in Beijing on the line. First, we talk the NDRC’s
This week, we’re catching the latest from Beijing, but from someone new! As our VP for China Operations Jake Parker is headed stateside, we have Lipei Zhang, USCBC’s Deputy Director in Beijing on the line. First, we talk the NDRC’s […]
This week we have our Shanghai Chief Owen Haacke on the line. First, we cover the upcoming G20 meeting between Presidents Trump and Xi, including Chinese government tone around the summit. Next, we get up to speed with USCBC’s recent
This week we have our Shanghai Chief Owen Haacke on the line. First, we cover the upcoming G20 meeting between Presidents Trump and Xi, including Chinese government tone around the summit. Next, we get up to speed with USCBC’s recent […]
This week, USCBC’s VP for China Operations Jake Parker is in Washington, so we aren’t headed to China at all! While he’s in the office, we grabbed him to talk about the new Unreliable Entities List, a new white paper
This week, USCBC’s VP for China Operations Jake Parker is in Washington, so we aren’t headed to China at all! While he’s in the office, we grabbed him to talk about the new Unreliable Entities List, a new white paper […]
This week, we talk with Owen Haacke, USCBC’s head in Shanghai. First, we get an update on the trade talks between the US and China that closed last Friday, then we dig into some of the consequences–negative impacts on companies, […]
This week, we talk with Owen Haacke, USCBC’s head in Shanghai. First, we get an update on the trade talks between the US and China that closed last Friday, then we dig into some of the consequences–negative impacts on companies,
This week we sit down with USCBC’s Shanghai chief Owen Haacke to talk about a range of issues. First up, some details on the business environment and USCBC’s engagement with provincial governments. Next up is the potential of a Trump-Xi […]
This week we sit down with USCBC’s Shanghai chief Owen Haacke to talk about a range of issues. First up, some details on the business environment and USCBC’s engagement with provincial governments. Next up is the potential of a Trump-Xi
This week, we have a chat with Jake Parker, head of the Beijing office of USCBC. First on the docket is China’s Q1 economic data; why did growth slightly beat expectations? Next up is enforcement; in a final trade deal […]
This week, we have a chat with Jake Parker, head of the Beijing office of USCBC. First on the docket is China’s Q1 economic data; why did growth slightly beat expectations? Next up is enforcement; in a final trade deal
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
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.