SOURCE: The US-China Business Council

September 17, 2008 11:48 ET

Continued Engagement With China Benefits the US Economy, USCBC Says

WASHINGTON, DC--(Marketwire - September 17, 2008) - Continued engagement with China provides a measure of much needed stability in a volatile economy, the US-China Business Council (USCBC) said today.

The completion of the latest meeting of the US-China Joint Commission on Commerce and Trade (JCCT) saw further incremental progress on key issues, USCBC President John Frisbie said, and reaffirmed the importance of the US's trading relationship with China.

"This is the most important economic relationship that the United States will have in the coming years, and it's vitally important that we get it right," Frisbie said. "Bilateral forums like the JCCT and the Strategic Economic Dialogue (SED) give us the opportunity to make sure that the relationship is working to the benefit of American employers, workers, farmers, and consumers."

Frisbie continued, "China is now the third largest market for US exports, and growing far faster than our exports to other countries. At a time when our economy is facing challenges, we need to expand our opportunities with China and the jobs that support these exports. Even though some issues remain unresolved, the JCCT helps reduce barriers for US companies targeting the China market."

The USCBC ( is the leading organization of US companies engaged in business with the People's Republic of China. Founded in 1973, the USCBC provides extensive China-focused information, advisory, and advocacy services, along with events, to more than 250 US corporations operating within the United States and throughout Asia.

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