Doug Barry (firstname.lastname@example.org; 202-429-0340)
Christina Lu (email@example.com; 212-371-6565)
(New York, NY/Washington, DC, April 5, 2019) – Chinese and US company executives are cautiously optimistic on future prospects for their businesses, but have mixed views on whether commercial relations will return to where they were prior to current tensions. These sentiments come as negotiators from both countries continue work to reach an agreement addressing an array of trade issues that have strained bilateral relations and roiled world markets.
The executives also worried that the agreement would not address all of their major concerns and trade relations would follow a rocky path for the foreseeable future. Chinese executives were more optimistic than their American counterparts.
The CEO snap survey of top executives whose companies are committed to doing business in both the US and China was conducted by the US-China Business Council (USCBC) and the Committee of 100 (C100). USCBC represents American companies that do business with China. C100 is a non-profit US organization of prominent Chinese-American leaders advancing constructive dialogue between the world’s two largest economies.
USCBC President Craig Allen said the survey results reflect a mostly pragmatic outlook on the future trade relationship. “Businesses in both countries plan to stay engaged with most planning to maintain or increase investments,” he said. “However, a minority of US and Chinese companies are planning to curtail investments, believing that business conditions aren’t likely to improve enough.”
C100 Chairman H. Roger Wang, speaking from the 30th anniversary annual conference of C100 in New York City attended by over 600 top influencers in business, government and academia, noted the survey results indicate that more should be done to stabilize the business environment for American and Chinese companies. “The challenges for these companies in each other’s market are reflected in the survey outcomes. While Chinese companies are more confident that business will return to normal after an agreement, fewer are prioritizing the United States than their American counterparts are in their approach to China.”
The Committee of 100 (C100) is a non-profit U.S. leadership organization of prominent and extraordinary Chinese Americans in business, government, academia, and the arts. Founded by world-renowned architect I.M. Pei and internationally acclaimed cellist Yo-Yo Ma, among others, it is an institution of U.S. citizens of Chinese heritage. For 30 years, C100 has served as a preeminent organization committed to the dual missions of promoting the full participation of Chinese Americans in all aspects of American life and constructive relations between the United States and Greater China. www.committee100.org
The US-China Business Council (USCBC) is a private, nonpartisan, nonprofit organization of approximately 200 American companies that do business with China. Founded in 1973, USCBC has provided unmatched information, advisory, advocacy, and program services to its members for over four decades. Through its offices in Washington, DC, Beijing, and Shanghai, USCBC is uniquely positioned to serve its members’ interests in the United States and China. www.uschina.org