USCBC Board Travels to China to Address Market Barriers and Discuss Commercial Relations, July 23, 2024.
Top American executives advocate for a stable, fair and predictable operating environment in meetings with Chinese leaders
The US-China Business Council (USCBC), a private, nonpartisan, nonprofit organization of more than 270 American companies that do business in China, today concluded a three-day trip to Beijing to promote commercial exchanges, advance economic and policy priorities to further open and reform China’s market, and support ongoing US-China dialogues in meetings with Chinese government and business leaders. The trip included executives on USCBC’s board and was led by the council’s board chair, FedEx Corporation President and Chief Executive Officer Raj Subramaniam.
“We appreciate the opportunity to engage with Chinese leaders to promote commercial relations and advocate our priorities for the benefit of our companies and employees,” Subramaniam said. “We support the two governments’ efforts to regularly discuss and seek to manage bilateral and global challenges. USCBC remains committed to working with the United States and China on innovative solutions to make the world safer, healthier, and more prosperous.”
The USCBC delegation met with Vice Premier He Lifeng, leaders from several Chinese ministries, members of the business and academic communities, and US Ambassador to China Nicholas Burns. The trip comes after the conclusion of the third plenum, one of China’s most important economic policy meetings.
“The most well-known third plenum took place in 1978, when Deng Xiaoping announced the reform and opening policies that led to marketization and rapid growth of China’s economy,” USCBC President Craig Allen said. “It is that framework that has allowed foreign companies to invest and operate in China. Today, we hope to build upon those past opportunities to realize a more stable, fair and predictable business environment in China, address longstanding and new barriers to China’s market, and improve the bilateral relationship, which supports both economies and global stability.”
Additional board members who participated in the visit include:
Roberta Lipson, United Family Healthcare Founder and New Frontier Health Vice Chair
Sanjay Mehrotra, President and Chief Executive Officer, Micron Technology
Dr. Brendan Nelson AO, President, Boeing Global
Amit Sevak, Chief Executive Officer, ETS
John Waldron, President and Chief Operating Officer, Goldman Sachs
Jeff Williams, Chief Operating Officer, Apple Inc.
Established in 1973, USCBC represents many of the world’s largest brands doing business in China and for more than 50 years has advocated on behalf of its members, while promoting the many benefits of commercial exchange between the United States and China.
# # #