 | |
| Formation | 1973 |
|---|---|
| Founded at | Washington D.C. |
| Type | 501(c)(6) organization |
| 23-7275160 | |
President | Craig B. Allen |
Chairperson | Tom Linebarger |
| Website | www |
Formerly called | National Council for US-China Trade |
| [1] [2] | |
The US-China Business Council (USCBC) is a 501(c)(6) nonprofit organization whose stated goal is promoting trade between the United States and China. As of 2024, it comprises over 270 American companies that trade and do business with China. [3]
The council was founded in 1973 with the support of the White House, the Department of State and the Department of Commerce as the National Council for United States-China Trade. Frederick B. Dent, the then United States Secretary of Commerce, compiled an executive committee for the council out of several prominent business leaders. [4]
The executive committee first met on March 22, 1973, to begin the formation of the council, with the executive committee members being the first Board of Directors. Donald C. Burnham, of Westinghouse Corporation, took the post of chairman and the Board elected Christopher H. Phillips to be the first president. [4] Phillips would serve as president of the council until his retirement in 1986. [5]
In the first year, the Council attracted 200 members and, by 1982, this had grown to 400 members. [4] In 1974, the council began publishing the China Business Review , a journal aimed at American companies trying to enter the Chinese market. In 1979, the Council opened an office in Beijing. [6] [7]
A 2021 study commissioned by the USCBC stated that the Trump tariffs on Chinese goods directly resulted in the loss of 245,000 American jobs. [8] [9] : 180
A 2021 report by the Foundation for Defense of Democracies identified USCBC as a key facilitator of Beijing's efforts to carry out its campaign of subnational influence in and against the United States. [10]
In 2022, the USCBC lobbied against legislation to screen of outbound U.S. investments for potential national security issues. [11] The council has also expressed concern about the implementation of the Uyghur Forced Labor Prevention Act. [12]
In 2023, USCBC and the National Committee on United States–China Relations hosted a banquet with Xi Jinping for US business executives during the APEC United States 2023 meeting. [13] [14] The banquet drew questions from media about attendees and criticism from the United States House Select Committee on Strategic Competition between the United States and the Chinese Communist Party. [15] [16]
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The relationship between the People's Republic of China (PRC) and the United States of America (USA) has been complex and at times tense since the establishment of the PRC and the retreat of the government of the Republic of China to Taiwan in 1949. Since the normalization of relations in the 1970s, the US–China relationship has been marked by numerous perennial disputes including the political status of Taiwan, territorial disputes in the South China Sea, and more recently the treatment of Uyghurs in Xinjiang. They have significant economic ties and are significantly intertwined, yet they also have a global hegemonic great power rivalry. As of 2024, China and the United States are the world's second-largest and largest economies by nominal GDP, as well as the largest and second-largest economies by GDP (PPP) respectively. Collectively, they account for 44.2% of the global nominal GDP, and 34.7% of global PPP-adjusted GDP.
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The National Committee on United States China Relations (NCUSCR) is a nonprofit organization and advisory body founded in 1966 to encourage understanding and cooperation between the United States and China. Since 1966, the committee has conducted exchanges, educational, and policy activities in the areas of politics and security, education, governance and civil society, economic cooperation, media, and transnational issues, addressing these topics with respect to Mainland China, Hong Kong, and Taiwan.
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The Republican wrote to the US-China Business Council and National Committee on US-China Relations demanding the organizers provide details of the guest list, funding and profits. Neither group responded to Bloomberg's request for comment on the dinner.
| Authority control databases: National |
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