Page 24 - The South China Business Journal
P. 24
C. Today
Interesting Times
for the U.S.-China
Relationship
U.S. Chamber President and CEO
Tom Donohue speaks at the 9th China
Business Conference
(Photo from U.S. Chamber of Commerce)
We’ve all heard the old Chinese the right conditions, the economic succeeding on the global stage if that
blessing – or is it a curse? – opportunities for American company isn’t playing with a stacked
“May you live in interesting times.” businesses in China are boundless. deck. What American business and
This is certainly an interesting – the U.S. government are concerned
and turbulent – time for the U.S.- Second, despite these manifest about is state capitalism, and how
China relationship. economic benefits, there are it tilts the playing field and distorts
serious, growing, and legitimate markets around the world.
There’s a vigorous debate about challenges regarding a range of
its future at the highest levels of Chinese government policies and It’s problematic for China to
government, and increasingly, practices. They include measures employ significant state support for
among the American people. There that restrict access to China’s industries and to restrict competition
are wide and varying viewpoints. So market, force technology transfer from foreign companies in its
let me state what I think most of us as a condition of competing, and domestic market while it enjoys
can agree on. broadly seek to undermine the better access and better treatment
value of intellectual property. in foreign markets. This situation
First, the trade relationship – while undermines the full potential of
far from perfect – has delivered It’s not just Americans who are the bilateral relationship, and it is
substantial economic benefits to complaining: These concerns increasingly eroding its foundation.
our economy, our businesses, and have been echoed by stakeholders
American consumers. Trade with from around the world, including Put simply, it’s just not sustainable,
China supports vast numbers of U.S. members of the EU, Japan, Korea, and, ultimately, it’s not in China’s
jobs, and China’s growing consumer and others. long-term interests.
market is critically important to
U.S. exporters and investors. Most Let me be clear: no one is afraid Let me underscore this last point:
businesses would agree that, under of fair competition from China. No Building non-competitive industries
one is afraid of a Chinese company
22 AmCham South China
Interesting Times
for the U.S.-China
Relationship
U.S. Chamber President and CEO
Tom Donohue speaks at the 9th China
Business Conference
(Photo from U.S. Chamber of Commerce)
We’ve all heard the old Chinese the right conditions, the economic succeeding on the global stage if that
blessing – or is it a curse? – opportunities for American company isn’t playing with a stacked
“May you live in interesting times.” businesses in China are boundless. deck. What American business and
This is certainly an interesting – the U.S. government are concerned
and turbulent – time for the U.S.- Second, despite these manifest about is state capitalism, and how
China relationship. economic benefits, there are it tilts the playing field and distorts
serious, growing, and legitimate markets around the world.
There’s a vigorous debate about challenges regarding a range of
its future at the highest levels of Chinese government policies and It’s problematic for China to
government, and increasingly, practices. They include measures employ significant state support for
among the American people. There that restrict access to China’s industries and to restrict competition
are wide and varying viewpoints. So market, force technology transfer from foreign companies in its
let me state what I think most of us as a condition of competing, and domestic market while it enjoys
can agree on. broadly seek to undermine the better access and better treatment
value of intellectual property. in foreign markets. This situation
First, the trade relationship – while undermines the full potential of
far from perfect – has delivered It’s not just Americans who are the bilateral relationship, and it is
substantial economic benefits to complaining: These concerns increasingly eroding its foundation.
our economy, our businesses, and have been echoed by stakeholders
American consumers. Trade with from around the world, including Put simply, it’s just not sustainable,
China supports vast numbers of U.S. members of the EU, Japan, Korea, and, ultimately, it’s not in China’s
jobs, and China’s growing consumer and others. long-term interests.
market is critically important to
U.S. exporters and investors. Most Let me be clear: no one is afraid Let me underscore this last point:
businesses would agree that, under of fair competition from China. No Building non-competitive industries
one is afraid of a Chinese company
22 AmCham South China
