A food safety factory shutdown has Americans hunting for baby formula. Readying themselves for a covid-19 lockdown, Chinese in Beijing emptied store shelves. Emerging from lockdown, some in Shanghai are visiting well-provisioned markets. U.S.-China agricultural trade is booming, but many are still being left hungry. Food security, sustainability and safety remain issues.
Slowing Growth & Policy Uncertainty: Reflections on the USCBC 2016 Member Survey
The National Committee on US-China Relations will be hosting a presentation on the findings of the US-China Business Council's (USCBC) Annual Membership Survey.
October 20, 2016 5:30pm to 7:00pm
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 will present the survey’s key findings, in a discussion with National Committee President Stephen Orlins.
Free, online registration required