SOURCE: The US-China Business Council

The US-China Business Council

April 13, 2011 12:18 ET

Leading Business Group Releases Report to Congress on the US Economic and Commercial Relationship With China

The United States and China: A Trade Agenda for the 21st Century

WASHINGTON, DC--(Marketwire - Apr 13, 2011) - The US-China Business Council (USCBC) today released recommendations to Congress on the best way to manage the increasingly important economic and commercial relationship with China.

"Few issues loom as large on America's economic and foreign policy agendas as our relationship with China," USCBC President John Frisbie said. "The current domestic and international landscape may offer more immediate issues clamoring for attention, but China is the enduring challenge -- and opportunity -- for the United States that has emerged in the new century. Congress plays an important role in our relationship with China, and one purpose of this report is to better inform members -- especially new members -- on the economic aspects of the relationship."

"China is a critical market for US manufacturers looking to export their products and create jobs here at home," Representative Rick Larsen (WA-02), US-China Congressional Working Group Co-Chair, said. "The US must continue to work with China to ensure a fair playing field for all companies, and both the US and China must work together on a comprehensive economic dialogue that will be beneficial for both countries. I look forward to working with the US-China Business Council on these issues, and others, to establish a solid blueprint for continued economic success."

The USCBC report addresses and clarifies the key issues in the US economic relationship with China, including the exchange rate, US manufacturing challenges, the trade balance, jobs, and the importance of the rapidly growing China market for US companies, including smaller American companies. "China is now the third-largest export market for American small and medium-sized companies," said Frisbie. "Our smaller company sales to China now exceed our total exports to countries such as Brazil and France. We need to expand this success story, not take actions that would curtail it."

Frisbie concluded by saying "The purpose of this report is to better inform the debate on Capitol Hill about how to best address the many challenges present in such a large and complex relationship. We need policies that are based on facts, not fears. The US-China Business Council looks forward to working with Congress to ensure we build a sustainable, beneficial relationship with China."

Report website:
Report introduction and summary:
Full report in pdf:

The US-China Business Council(USCBC) is a private, nonpartisan, nonprofit organization of roughly 220 American companies that do business with China. For nearly four decades, USCBC has provided unmatched information, advisory, advocacy, and program services to its membership. Through its offices in Washington, DC; Beijing; and Shanghai, USCBC is uniquely positioned to serve its members' interests in the United States and China.

Contact Information

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