Annual report of the US China Trade Commission: the US China Economic and trade relations are still in good shape due to the epidemic situation and political factors

On the same day, the US China Trade Commission released the 2020 China business environment survey report. In a statement, the Commission summed up the main conclusions of the report and said that the economic and trade relations between the United States and China can still be expected under the epidemic situation and political factors. < / P > < p > the US China Trade Commission has more than 200 US member enterprises doing business in China. In this survey, the proportion of manufacturing industry and service industry together accounted for nearly 90% of the enterprises interviewed. < / P > < p > according to the survey, “US China relations” and “the impact of the new crown epidemic” ranked the top two among the top ten challenges in 2020 that the American enterprises interviewed considered. The report points out that US China relations have been the top concern of us enterprises in China for three consecutive years. “A return to stable and constructive U.S. – China relations is crucial to the U.S. – China Trade Commission and its member enterprises.” According to the report, since the two countries signed the first phase of the economic and trade agreement, the vast majority of us enterprises have supported the agreement. 88% of the enterprises surveyed have a positive or some positive attitude towards the agreement. As for the reasons for holding a positive view, half of the enterprises think that “the implementation of the agreement makes bilateral relations more stable and reduces the possibility of further tariff escalation”, ranking the highest. < / P > < p > according to the report, 86% of the enterprises interviewed believe that the tense bilateral trade relations have affected their business in China. Half of the enterprises surveyed believe that the most serious impact of the tense bilateral trade relations in 2020 is the decline in sales caused by customers’ uncertainty about their stable supply capacity. Recently, the United States has issued a policy restricting American enterprises from selling specific products and services to some Chinese enterprises, which has begun to have an impact on the expansion of business contacts between American enterprises and their Chinese customers. < / P > < p > the report points out that despite the constant trade frictions over the years and a large number of hardliners advocating “decoupling” of the economy, both the survey data and the exchanges between the US China Trade Commission and its member enterprises show that US enterprises maintain a long-term commitment to the Chinese market. < / P > < p > “US China Trade and investment create about 2.6 million jobs in the United States.” “We need to maintain and increase more jobs in the next few years, and find ways to reduce conflicts between the two sides in other areas,” Craig Allen, President of the US China trade National Committee, said on the same day According to the report, 83% of us enterprises regard China as one of the most important or top five priorities in their global strategy. Nearly 70% of American enterprises have confidence in China’s market prospects in the next five years.