Forecast 2021 February 3-4 - The US-China Business Council
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Forecast 2021 February 3-4 Welcome to the conference! Day 1, February 3 Meeting Packet Table of Contents Agenda Sponsor Recognition Attendee List Speaker Biographies Speaker Presentation Slides Forecast Conference Survey Oxford Economics Report US Industries Priorities Bridging Security and Economic Interests China Landscape in the 117th Congress Report Save The Date: 48th Annual Membership Meeting and Gala USCBC 2021 Meetings and Events 2021 Calendar for US-China Related Events Thought Leadership Opportunities with USCBC USCBC Officers & Directors USCBC Member Company List USCBC Staff List © 2021 The US-China Business Council
Forecast 2021 – Day 1 Conference Schedule and Speakers Wednesday, February 3, 2021 – 8:30 am – 11:40 am Zoom Webinar 8:00 am Virtual Room Open 8:30 – 8:40 am Welcome Remarks • Craig Allen, President, US-China Business Council 8:40 – 9:30 am Forecasting China- Economics, Trade, and Investment Two speakers will share their perspectives on what to expect in China’s economy in 2021, as well as how US-China bilateral trade and investment dynamics may shift under a new administration. • Stephanie Segal, Senior Fellow, Economics Program, Center for Strategic and International Studies • Mary Lovely, Professor of Economics, Syracuse University; Senior Fellow, Peterson Institute for International Economics • Moderator: Jake Parker, Senior Vice President, US-China Business Council 9:30 am – 9:37 am Break 9:37 am – 10:27 am Technology and Cross-border Controls Amidst geopolitical tensions and rapidly changing technologies, the space for high-tech companies to be successful in both the United States and China is becoming increasingly strained. Speakers will discuss US export controls and investment restrictions, Chinese cybersecurity and data policies, and how security concerns impact technology policy. • Denise Zheng, Vice President, Technology, Innovation, Business Roundtable • Antonio Douglas, Manager, Business Advisory Services, US-China Business Council • Peter Lichtenbaum, Partner, Covington & Burling LLP • Moderator: Jack Kamensky, Director, Business Advisory Services, US-China Business Council 10:27 am – 10:35 am Break 10:35 am – 11:35 am Keynote Address - Future of the US China Policy Under the Biden Administration • Daniel Russel, Vice President, International Security and Diplomacy, Asia Society Policy Institute • Moderator: Craig Allen, President, US-China Business Council 11:35 pm – 11:40 am Closing Remarks 11:40 am Adjourn Special thanks to our sponsors: © 2021 The US-China Business Council 1
Basilinna is proud to support the US-China Business Council Forecast 2021 Basilinna is a business advisory firm that designs innovative, be- The Bund, Shanghai. spoke strategies to grow clients' businesses, solve problems and Photo by 丁亦然 on Unsplash build successful partnerships in the U.S, China, and the Middle East. We provide expertise in market access and expansion, gov- ernment relations, political risk analysis, investment support, and strategic positioning and philanthropy. Our firm has represented U.S. and Chinese firms across every major business sector, with a particular focus on tech, financial services, and sustainability. Basilinna is a women-owned business whose principals have worked together for over two decades. www.basilinna.com Basilinna (baa suh LEE nah): Honorific term for leader of an ancient Greek sect; Synonymous with determination, sense of purpose, strength of character. © 2021 The US-China Business Council 2
Ford is proud to support the US-China Business Council Forecast 2021 The Bund, Shanghai. Photo by 丁亦然 on Unsplash Ford China celebrated its 25th anniversary in 2020 and provides consumers with a wide range of Ford and Lincoln branded prod- ucts and services. These include the Ford F-150, Explorer, Es- cape, Mondeo PHEV, Mustang, and Lincoln models such as Cor- sair, Navigator, and Aviator which was named 2021 China SUV of the Year. www.ford.com.cn www.ford.com Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets, and services a full line of Ford cars, trucks, SUVs, electrified vehicles, and Lincoln luxury vehicles; provides financial ser- vices through Ford Motor Credit Company; and is pursuing leadership positions in electrification, mobility solutions, includ- ing self-driving services, and connected services. Ford employs approximately 187,000 people worldwide. www.ford.com © 2021 The US-China Business Council 3
Forecast 2021 – Day 1 Attendee List Abbott Laboratories Analog Devices, Inc. Basilinna Marie Kissel Laura Yan Yousra Abdelhameed Senior Advisor, Director, Public Affairs Associate Director, U.S. International Government Affairs APCO Worldwide Deborah Lehr James McGregor CEO and Founding Jose Ledonio Chairman, Greater Partner Manager, International China Government Affairs Leigh Wedell Ryan Morgan COO and Founding Thomas Shao Associate Director Partner Director, Government Affairs and Public Apple Inc Bayer Policy William Leahy Jim Travis Senior Manager, Policy Senior Director, Advanced Micro International Devices, Inc. Arconic Inc. Government Affairs Ang Gao Mike Belwood Director Vice President, The Boeing Company Government Affairs Landon Loomis Zhiqiang Huang Vice President, Global Vice President The Asia Society Policy Wendy Cutler Akin Gump Strauss Vice President, Asia BP PLC Hauer & Feld LLP Society Policy Institute Ryan Potgieter Thor Petersen Senior Director, Associate The Atlantic Council of International Affairs the United States Alston & Bird LLP Bert Keidel Brehm Global Ventures, Helen Su Vice President, Global LLC Partner Initiatives Carolyn Brehm CEO Amazon Audia Group John Li Martin Bates Brookings Institution China Policy Director, COO David Dollar Web Services Senior Fellow, Foreign William Torpey Policy and Global Amphenol Corporation President Economy and Stephen Dorrough Development Programs, Vice President and Autodesk, Inc. John L. Thornton China Deputy General Daniel Green Center Counsel Director, Government Affairs and Public Policy, Asia Pacific © 2021 The US-China Business Council 4
Jamie Horsley Chubb Covington & Burling LLP Visiting Fellow, Foreign Yancy Molnar Peter Lichtenbaum Policy, John L. Thornton Senior Vice President, Partner China Center International Government Affairs Cowen Inc. Business Roundtable Roman Schweizer Denise Zheng Cisco Systems, Inc. Managing Director Vice President, Jean Kocienda Technology, Global Threat Analyst Cummins Inc. Innovation Shannon Kiely-Heider Clemson University Director, Government Cargill, Incorporated Xiaobo Hu Relations Dave Nelson Director and Associate International Policy Professor, China Dell Advisor Program Eva Hampl Director, International Jock Scharfen CNH Industrial Government Affairs Vice President, Global Flin Hyre Government Relations Government Affairs Dow Specialist Lisa Schroeter Betsy Struse Global Director, Trade & Director, International The Coca-Cola Investment Policy Government Relations Company Xiaokun Li DV International, Inc. Caterpillar Inc. Director, Public Affairs Mattie Moore Jeffrey Hardee and Policy, China Chief Operations Officer Executive Director, Government and Rachel Yu East Penn Manufacturing Corporate Affairs General Manager, Co., Inc. Public Affairs and Policy, Tom Minner Ann-Marie Padgett China Vice President, Global Manager Sales & Business The Cohen Group Development The Center for Cameron Turley Strategic and Vice President Embassy of the People's International Studies Republic of China Bonnie Glaser Control Risks Kexin Li Director, China Power Dane Chamorro Deputy Chief of Mission Project Partner Emerson Stephanie Segal Corbu, LLC Lisa Jackson Senior Fellow, Rene Aninao Director, Federal Economics Program Managing Partner Government Relations Children's National Corning Incorporated Ernst & Young Hospital Debra Waggoner Adam Barbina Shadi Sadeghi Director, Global Associate Director International Affairs Government Affairs © 2021 The US-China Business Council 5
Eurasia Group Intuitive Surgical, Inc. Merck China Paul Triolo David Boman Allan Gabor Geotechnology Manager, Global Public CEO Practice Head Affairs Helen Pei FedEx Jacobs Global Trade & Vice President, Merck Emily Beline Compliance LLC Performance Materials Senior Counsel Brenda Jacobs Corporate Affairs Principal Ford Motor Company MetLife, Inc. James Rowland JPMorgan Chase & Co. Ben Cushman Manager, International Jack Bartling Vice President Government Relations Executive Director Microsoft Corporation GaveKal-Dragonomics Koch Company Public Winnie Yeung Arthur Kroeber Sector Chief Legal Director, Managing Director Karen Santana-Garces Hong Kong Public Policy Specialist General Motors Miles & Stockbridge P.C. Corporation Andrew Wahba Adam Owens KPMG LLP Partner Manager, International Anna Xue Government Relations Senior Manager MKBC International Joan McEntee Kayleigh Liberty Mutual Insurance CEO VandenBussche Group Economics Viji Rangaswami Moody’s Vice President, Haifeng Xue Georgetown University International and Senior Vice President, Law Center Federal Affairs Officer Government and Public Jim Feinerman Affairs Associate Dean, Lumen Technologies International and Susan Mohr Morgan Stanley Graduate Programs Director, International Ann Bailey Regulatory Affairs Executive Director Global Strategic Associates, LLC Martin+Crumpton Group The National Bureau of Andrew Mei LLC Asian Research Associate Kyle Sullivan Clara Gillispie China Practice Lead Senior Director, Trade, Grant Thornton LLP Economic, and Energy Jason Levergood Mayer Brown LLP Affairs Global Client Services Anjani Nadadur Director Law Clerk New America Graham Webster IBM Corporation McLarty Associates Fellow, China Digital Debra Marks Victoria Ruan Economy Government and Senior Associate Regulatory Affairs Executive © 2021 The US-China Business Council 6
Texas Instruments SAS Reggie Lai Incorporated Bill He Vice President and Steve Bonner General Manager, General Manager, China Vice President, Public Services, Greater Worldwide China The Asia Society Policy Government Relations Institute Senate Committee on Daniel Russel Paul Weiss Rifkind Foreign Relations Vice President, Wharton & Garrison Lara Crouch International Secuirty Roberto Gonzalez Professional Staff and Diplomacy Partner Member Thermo Fisher Scientific PayPal Holdings, Inc. Michael Schiffer Inc. Megan Hannigan Senior Adviser/Counsel Tim Fenton Federal Government Vice President, Global Relations SoftBank Group Government Relations Bruce Andrews PepsiCo, Inc. Senior Vice President Barb Secor Caroline Berson and Managing Partner Senior Director, Global Senior Director Trade Compliance Squire Patton Boggs The Peterson Institute Elaine Hillgrove Tyson Foods, Inc. for International Associate Todd Menotti Economics Senior Director Nick Lardy Rory Murphy Senior Fellow Associate UL Inc. Ebonique Barker Pfizer Inc. Steptoe & Johnson LLP Senior Associate, Trade Elissa Alben Susan Munro Senior Director Partner UPS Jing Wu Natalie Fitzpatrick Darryl Nirenberg Vice President, Public Senior Manager, Policy Partner Affairs and Public Affairs Syracuse University US-China Series The Quincy Institute for Mary Lovely Paul Krake Responsible Statecraft Professor of Economics Founder Jessica Lee Senior Research Target Corporation Visa Inc. Fellow, East Asia Rex He Enrique Benavides Program Senior Managing Regulatory Affairs Analyst Director Rhodium Group VMware Dan Rosen Janis Lazda Michael Kennedy Partner and Director, Director Vice President, Global China Program Government Relations & TE Connectivity Public Policy S&P Global Inc. Kathleen Ambrose John Phipps Vice President, Global Head of Government Government Affairs and Affairs, Asia Pacific Corporate Responsibility © 2021 The US-China Business Council 7
Walmart, Inc. Teresa Lu Director, Global Government Affairs Washington Analysis LLC Saad Kamal Analyst Westinghouse Electric Company, LLC Suzanne Duvall Director, International Government Affairs Xcoal Energy & Resources Manuel Rocha Senior Vice President, Global Corporate Affairs © 2021 The US-China Business Council 8
Forecast 2021 International Monetary Fund (IMF), where she covered a range of emerging market and Day 1 - Speaker Biographies advanced country economies. Earlier in her career, Ms. Segal served as an economist in the Western Hemisphere, South and Forecasting China- Economics, Trade, Southeast Asia, and International Monetary and Investment Policy offices at Treasury; as an adviser to the U.S. director at the IMF; and as an analyst Mary Lovely and associate in mergers & acquisitions at Syracuse University J.P. Morgan in New York. She earned her Peterson Institute for International master's degree from the Johns Hopkins Economics School of Advanced International Studies Mary E. Lovely, senior fellow at the Peterson and her undergraduate degree from the Institute, is professor of economics and University of North Carolina at Chapel Hill. Melvin A. Eggers Faculty Scholar at Syracuse University's Maxwell School of Citizenship and Technology and Cross-border Controls Public Affairs, where she combines interests in international economics and China’s Peter Lichtenbaum development. During 2011–15, she served as Covington & Burling LLP coeditor of the China Economic Review. Her Peter Lichtenbaum is a partner with the current research projects investigate the Washington, D.C. law firm of Covington & effect of China’s foreign direct investment Burling LLP. His practice focuses on the policies on trade flows and entry mode, the regulation of international business and relationship between proximity to export trade. Before joining Covington, he served as markets and cross-city wage variation, and Assistant Secretary of Commerce for Export the influence of Chinese tariff reductions on Administration in the George W. Bush labor shares of value in its manufacturing Administration, where he administered the firms. She recently completed studies of U.S. dual-use export control system. He also American manufacturing employment and served as Vice President, Regulatory outsourcing to low-income countries, the role Compliance & International Policy, at the of intellectual returnees in the success of defense company BAE Systems. He is Chair of China’s photovoltaic solar industry, and the the Washington Export Council, General structure of Chinese reforms of state-owned Counsel of the American League for Exports enterprises. Lovely earned her PhD in and Security Assistance, and served two economics at the University of Michigan, Ann terms as a member of the State Arbor and a master's degree in city and Department’s Defense Trade Advisory regional planning from Harvard University. Group. Stephanie Segal Denise Zheng Center for Strategic and International Business Roundtable Studies Denise E. Zheng is vice president at the Stephanie Segal is senior fellow of the CSIS Business Roundtable, where she oversees the Economics Program, where her research Technology and Innovation Committees. interests include economic competitiveness, Previously, she was a senior fellow and U.S.-China economic relations, and the role director of the Technology Policy Program at of international financial institutions in the CSIS, where she led research initiatives on global economy. Until 2017, Ms. Segal served cyber and emerging technology issues. as codirector of the East Asia Office at the U.S. Department of the Treasury. Prior to Ms. Zheng has a unique blend of expertise, Treasury, she was senior economist at the including advanced technology research © 2021 The US-China Business Council 9
and development, legislative and policy Hebei Normal University for Nationalities as an strategy, and private-sector experience. Prior ESL teacher. Following his time in Chengde, to CSIS, she was chief of staff and lead Antonio attended Nankai University under science and engineering technical adviser the Chinese Government Scholarship and as a contractor for the Defense Advanced received a M.A. in International Relations. Research Projects Agency (DARPA) Antonio is now a Business Advisory Services foundational cyber warfare program, Plan X. Manager for USCBC. Before DARPA, she was director for global Keynote Address: The Future of China government relations and cyber policy at CA Policy under the Biden Administration Technologies, where she advised company executives on cybersecurity, supply chains, Daniel Russel and software assurance issues. While at CA, Asia Society Policy Institute she was a member of the Information Technology (IT) Sector Coordinating Council, Daniel Russel is Vice President for IT Information Sharing and Analysis Center, International Security and Diplomacy at the and SAFECode. Asia Society Policy Institute (ASPI). Previously he served as a Diplomat in Residence and Ms. Zheng has also served as a professional Senior Fellow with ASPI for a one year term. A staff member for the Senate Homeland career member of the Senior Foreign Service Security and Governmental Affairs at the U.S. Department of State, he most Committee. In that role, she was a principal recently served as the Assistant Secretary of in drafting and negotiations for State for East Asian and Pacific Affairs. Prior comprehensive cybersecurity legislation and to his appointment as Assistant Secretary on conducted oversight of critical infrastructure July 12, 2013, Mr. Russel served at the White protection programs, spectrum auctions, House as Special Assistant to the President privacy, and federal IT programs. and National Security Council (NSC) Senior Director for Asian Affairs. During his tenure In addition to writing on technology and there, he helped formulate President cybersecurity issues, she has also authored Obama’s strategic rebalance to the Asia reports on U.S.-China relations, soft power, Pacific region, including efforts to strengthen and civil space policy issues. Her writing has alliances, deepen U.S. engagement with appeared in the New York Times and Wall multilateral organizations, and expand Street Journal, and she has been interviewed cooperation with emerging powers in the by CNN, BBC, CBS, and NPR. Ms. Zheng holds region. a B.A. in economics and political science from the University of Michigan, studied Prior to joining the NSC in January of 2009, he government at the London School of served as Director of the Office of Japanese Economics and Political Science, and Affairs and had assignments as U.S. Consul completed graduate coursework in security General in Osaka-Kobe, Japan (2005-2008); studies at the Johns Hopkins University School Deputy Chief of Mission at the U.S. Embassy in of Advanced International Studies. The Hague, Netherlands (2002-2005); Deputy Chief of Mission at the U.S. Embassy in Antonio Douglas Nicosia, Cyprus (1999-2002); Chief of Staff to US-China Business Council the Under Secretary of State for Political Affairs, Ambassador Thomas R. Pickering Antonio graduated from the College of (1997-99); Special Assistant to the Under William and Mary in 2014 with a Major in Secretary of State for Political Affairs (1995- Chinese and Minor in Process Management 96); Political Section Unit Chief at U.S. & Consulting. From 2014-2016 Antonio lived in Embassy Seoul, Republic of Korea (1992-95); Chengde, Hebei Province and taught at the Political Advisor to the Permanent © 2021 The US-China Business Council 10
Representative to the U.S. Mission to the United Nations, Ambassador Pickering (1989- 92); Vice Consul in Osaka and Branch Office Manager in Nagoya, Japan (1987-89); and Assistant to the Ambassador to Japan, former Senate Majority Leader Mike Mansfield (1985-87). In 1996, Mr. Russel was awarded the State Department's Una Chapman Cox Fellowship sabbatical and authored America’s Place in the World, a book published by Georgetown University. Before joining the Foreign Service, he was manager for an international firm in New York City. Mr. Russel was educated at Sarah Lawrence College and University College, University of London, UK. © 2021 The US-China Business Council 11
Day 1 – Speaker Presentation Slides Panel 1: Forecasting China: Economics, Trade, and Investment “China Economic Outlook” Stephanie Segal Senior Fellow, Economics Program, CSIS Please see this link Panel 2: Technology and Cross-border Controls “Navigating Cyber & Data Risks in China” Antonio Douglas Manager, Business Advisory Services, US-China Business Council Please see this link © 2021 The US-China Business Council 12
Forecast 2021 Survey We appreciate feedbacks & love to know your thoughts! Please use the following link to take a quick 4-minute survey. https://www.surveymonkey.com/r/T9N3ND7 © 2021 The US-China Business Council 13
The US-China 1.2 million jobs Economic Number of jobs in the Relationship US linked to exports to China as of 2019 A CRUCIAL PARTNERSHIP AT A CRITICAL JUNCTURE 245,000 jobs JANUARY 2021 Peak number of jobs lost as a result of the trade war The US has benefited from trade and investment flows with China. The combination of bilateral trade, investment, and supply chain integration has supported economic growth, consumer choice, and job creation. In 2019, exports to China supported 1.2 million jobs in the US and as of 2018, 197,000 people in the US were directly employed by Chinese multinational 145,000 jobs firms. US companies invested $105 billion in China in 2019, and the profits from these investments and the contribution they make to the Additional jobs that competitiveness of US businesses help support the US economy through would be created by R&D, domestic investment, and dividend payments. With China forecast to 2025 as a result of drive around one-third of global growth over the next decade, maintaining lowering tariffs market access to China is increasingly essential for US businesses’ global success. The trade war with China hurt the US economy and failed to achieve 732,000 jobs major policy goals outlined by the Trump administration. Rather than benefiting the economy, it has reduced US economic growth and Peak number of jobs employment, resulting in an estimated peak loss of 245,000 jobs. Tariff rates lost as a result of trade remain at a multi-decade high despite both countries reaching a phase one war escalation trade agreement in early 2020. While the agreement made important progress on longstanding trade barriers in agriculture, financial services, and intellectual property protection, it failed to address a range of administration concerns over Chinese state- owned enterprise disciplines, distorting subsidies, data and cybersecurity, and other areas of market access. While the trade deficit with China did narrow in 2019, this was offset by an increased trade deficit with the rest of the world, leaving the overall US trade deficit broadly unchanged. Scaling back tariffs would likely benefit the US economy and create jobs. Even a moderate rollback in tariffs could increase economic growth and stimulate employment growth. Under our trade war de-escalation scenario, where both governments gradually scale back average tariff rates to around 12% (compared with around 19% now), the US economy produces an additional $160 billion in real GDP over the next five years and employs an additional 145,000 people by 2025. US household income would be $460 higher per household as result of increased employment and incomes as well as lower prices. Escalating trade tensions and significant decoupling with China would hurt the US economy further and reduce employment. Our trade war escalation and decoupling scenario sees the US economy produce $1.6 trillion less in real GDP terms over the next five years and results in 732,000 fewer jobs in 2022 and 320,000 fewer jobs in 2025. In addition to a significant near-term shock to economic output, long-term effects would permanently lower GDP, reflecting lower economic productivity. By the end of 2025, US households will have lost an estimated $6,400 in real income. Read the Full Report © 2021 The US-China Business Council 14
US Industry Priorities for US-China Commercial Relations December 2020 The beginning of a new administration is an opportunity to re-evaluate strategic priorities for the US-China commercial relationship. At this inflection point, the US-China Business Council (USCBC) is pleased to put forward a set of commercial priorities with respect to China for the administration to consider. ● Preserve Phase One, fast-track Phase Two, and remove tariffs: While imperfect, the US-China Phase One trade agreement made important progress on longstanding trade barriers. Preserving the deal would provide stability for the commercial relationship. However, the tariffs imposed prior to reaching the agreement, most of which remain in place, have harmed American jobs, consumers, and commercial competitiveness. USCBC recommends the administration fast-track Phase Two negotiations with China to address additional barriers in return for a drawdown of tariffs by the end of 2021. ● Eliminate market access barriers and level the playing field: Further negotiations present an opportunity to address market access issues in areas like cloud computing, telecommunications, legal services, and entertainment. They also provide a venue to address unfair trading practices involving state-owned enterprises, government procurement, intellectual property protection, standards setting, trade remedies, cybersecurity, cross-border data flows, and data localization. ● Re-engage with China to work toward constructive commercial relations: Calling Chinese counterparts and signaling support for the commercial relationship will build trust early on. The administration should engage China in solution-oriented dialogue with time-bound, enforceable outcomes. It is also in the United States’ interest to leverage visa policy to facilitate travel for legitimate business, education, standards-setting, and cultural exchange purposes. ● Balance security and business concerns: Export controls, investment screening, sanctions, and emergency powers should be carefully tailored and enacted in coordination with allies to protect national security without harming US competitiveness. The administration can support secure and resilient supply chains by narrowly defining critical goods, mapping supply chain ecosystems to understand gaps and availability, and planning long-term incentives to promote strategic diversification. ● Re-establish US leadership in multilateral forums: The United States should be actively involved in strengthening multilateral trade, investment, global health, climate, and standards-setting forums. It should join high-standard trade agreements and build coalitions of like-minded allies to press China to act as a responsible global stakeholder and make reforms at home. To implement an effective China strategy, it will be critical for the administration to take an all-of- government approach, coordinating and sharing information both between executive agencies and with Congress. Robust industry input will be vital to crafting comprehensive, balanced policies that do not have inadvertent consequences. USCBC’s board and members would be pleased to serve as a resource. Read the full report © 2021 The US-China Business Council 15
U.S.-CHINA RELATIONS: BRIDGING SECURITY AND ECONOMIC INTERESTS Recommendations to the Biden administration and professional practitioners, based on the January 11-14, 2021 seminar hosted by The U.S.-China Business Council & The Wilson Center’s Kissinger Institute on China and the United States With a new administration, the U.S. has an opportunity to reconfigure its strategic and commercial relationship with China based on enhanced competence and competitiveness. To compete effectively, the new administration should emphasize the following: • Reassess the challenge. The geostrategic framework, power balance, and domestic politics that shape U.S.-China relations have changed. The new administration will have to analyze and accept these realities and shape a China policy that reflects the capabilities and constraints of both countries. • Build domestic strength. U.S. foreign policy has increasingly become an extension of domestic interests. The new administration will have to restore domestic institutions and build a domestic consensus if it is to pursue a values-driven foreign policy. The administration will need to assert a strong stance vis-à-vis China but remain alert to the dangers of demonization and a descent into Cold War-like systemic conflict. • Manage the competition. The new administration must balance competitive and cooperative goals to reorient the trajectory of relations away from confrontation. The U.S. should focus on climate change, science, and digital technology as promising areas for broader cooperation. • Bridge economic and security imperatives. The U.S. will have to confront domestic skepticism over globalization and trade and make a public case for pursuing constructive relations with China while defending American interests and a rules-based order. While structural change will be hard to achieve in the short-term, the U.S. must build a comprehensive Indo-Pacific strategy if it is to re-engage China from a position of strength. © 2021 The US-China Business Council 16
China Landscape in the 117th Congress Report Congressional interest in the United States’ approach to China has surged in recent years. This interest led to an influx of China-related legislative proposals during the 116th Congress—over 550 bills and resolutions. Though Republican and Democratic lawmakers agree on the need to rethink China policy, there is not yet consensus on how to approach specific issues in the relationship. Legislative proposals spanned issues including human rights and democracy, supply chain security, trade and commerce, as well as coronavirus, immigration, and Chinese influence in American institutions. The 117th Congress, which began on January 3, 2021, is expected to build off that momentum, and is likely to reintroduce notable proposals as well as imagine new solutions for the US-China relationship. Read the Report China Landscape in the 117th Congress analyzes China-related legislation in the last congress, forecasts what China-related issues might be most important to lawmakers in the coming years, and profiles 34 new and returning lawmakers who might shape China policy on Capitol Hill. • Legislative Landscape: Analyzes data collected in the 116th Congress Legislative Tracker, provides a summary of the most important China-related issues for lawmakers, and outlines where the conversation is likely to continue in the 117th Congress; • Committee Leadership Profiles: Looks at the background of leadership on House and Senate committees relevant to the US-China commercial and diplomatic relationship to provide insight on what policies they might pursue in the 117th Congress; • Veteran and Incoming China Watcher Profiles: Profiles members of the House and Senate who are interested in China policy. This includes lawmakers who have extensive track records on China and freshmen members whose backgrounds suggest they might get involved in US-China politics on Capitol Hill. In addition to this report, the US-China Business Council will be providing the most up to date monitoring of new China-related legislation in the 117th Congress Congressional Legislative Tracker. Do you have questions about China Landscape in the 117th Congress or USCBC’s congressional work? Contact us! Anna Ashton Chynna Hawes Allie Klein Vice President Manager Associate Manager Government Affairs Government Affairs Government Affairs aashton@uschina.org chawes@uschina.org aklein@uschina.org © 2021 The US-China Business Council 17
SAVE THE DATE USCBC 48th Annual Meeting If in-person, June 10, Washington DC | If virtual, June 9 and June 10 Program details forthcoming at www.uschina.org Our Annual Membership Meeting will provide a half-day overview of business and economic trends in China, examine where we are following the 90-day trade negotiations, and host a forum for members to discuss crucial US-China commercial policies with experts from various sectors. Sponsorship Opportunities: USCBC is seeking member companies to assist identifying and securing key speakers for our 48th Annual Membership conference, and underwriting some of the event costs. Sponsorship Package Benefits: Opportunity to assist USCBC identifying and securing speaker/s of interest to your company/sector Valuable corporate branding: Recognition as underwriter in all conference marketing and publicity platforms (USCBC website, conference agenda, social media) and from the podium on day of the conference Opportunity to include promotional materials in meeting packet Three complimentary conference registrations We would be pleased to discuss additional ways to highlight your company’s sponsorship, as appropriate Sponsorship rates: $3,000 Sponsorship commitment deadline: May 27, 2021 Contact Meg Kurdys mkurdys@uschina.org for more details on the conference; and Gloria Gonzalez-Micklin ggonzalezmicklin@uschina.org about sponsorship opportunities © 2021 The US-China Business Council 18
SAVE THE DATE USCBC Gala 2021 December 2, 2021 | Washington, DC Program details forthcoming at www.uschina.org Plans to host USCBC GALA 2021 in-person or virtually will be determined later and follow public health guidelines in place at that time. This year’s Gala will celebrate 48 years of USCBC’s leadership, achievements, and partnerships to promote sustainable commercial relations between the United States and China. At this annual celebratory event, USCBC features a distinguished keynoter and honors individuals who have contributed to building and strengthening the most important bilateral relationship in the world. Your company’s commitment to underwrite our annual fundraiser supports and funds the work USCBC does throughout the year. Between 400-600 leaders from the business, government, diplomatic, and academic communities participate. Sponsorship Opportunities: Leadership ($50,000) – includes optional speaking role Benefactor ($25,000) Patron ($15,000) Supporter ($10,000) Contact Gloria Gonzalez-Micklin, Vice President, Programs (ggonzalezmicklin@uschina.org) for more details © 2021 The US-China Business Council 19
USCBC 2021 Meetings and Events Mark Your Calendars In 2021, the US-China Business Council (USCBC) will celebrate 48 years of service toward developing, promoting, and advancing constructive US-China commercial relations. A new US Administration will be in place as of January 20 and USCBC will continue to seek close engagement with the new government officials to offer guidance and platforms for dialogue with their Chinese counterparts and leaders of the American business community. USCBC hosts a variety of virtual and in-person meetings and special events in Washington, DC, Beijing, and Shanghai that USCBC President led a discussion with Minister Xu enable USCBC members to interact with leading US and PRC Xueyuan, head of sub-national affairs division at the government officials and other stakeholders in US-China Chinese embassy, as part of the US-China Business commercial relations. These include briefings on key policy Council’s Embassy Speaker Series in February issues and developments in the bilateral relationship, special 2020. events for senior Chinese leaders and ministerial delegations, and our annual fundraising gala in December. Sponsorship and valuable visibility opportunities are available for many of these programs. All upcoming events and opportunities for USCBC members are posted at www.uschina.org/events. USCBC sends detailed event announcements via email in addition to a weekly Meetings and Events e-newsletter every Monday. Sign up for USCBC emails here! USCBC held the annual fundraising gala virtually with Special Conferences and Events the theme of recalibrating US-China policies in December 2020. Forecast 2021 February 3-4, Washington, DC (Virtual) USCBC’s annual Forecast event is a premier conference on China's business and political environment in the year ahead. Presented virtually over two days, USCBC Forecast 2021 will feature top China policy experts, strategic analysis, and business professionals to discuss key intelligence, top challenges and opportunities coming up for China operations USCBC Shanghai held the China Operations and bilateral relations. Sponsorship opportunities are Conference at the Shanghai Jingan Kunlun Hotel in available at $3,000. For more information on these programs, November 2020. contact Meg Kurdys (mkurdys@uschina.org). © 2021 The US-China Business Council 20
China Operations Conferences 2021 Summer, Beijing | Autumn, Shanghai These conferences offer China-based and visiting member company executives the opportunity to hear from Chinese government officials, leading economists, and industry experts to learn more about key development trends in China’s operational and policy environment. For more information on these programs, contact Matt Margulies (mmargulies@uschina.org). 48th Annual Membership Meeting State Councilor and Foreign Minister Wang Yi met with members of the USCBC Board of Directors If in-person, June 10, Washington DC | If virtual, virtually in December 2020. © PRC MFA June 9 and June 10 USCBC’s 48th Annual Membership Meeting will provide an overview of business and economic trends in China, examine key business operation challenges in China, and host a forum for members to discuss crucial US-China commercial policies with experts from various sectors. Sponsorship opportunities are available at $3,000. Contact Meg Kurdys (mkurdys@uschina.org); or for information on sponsorships, contact Gloria González-Micklin (ggonzalezmicklin@uschina.org) Gala 2021 December 2, Washington, DC USCBC's Annual Gala in Washington, DC, is a celebration of the organization and its membership’s leadership, achievements, and partnerships in support of expanding the US-China commercial relationship. It is also an important fundraising effort that strengthens USCBC's ability to serve its member companies. At the Gala, USCBC honors senior US government officials, members of Congress, PRC government officials, and others involved in strengthening the bilateral relationship. Members of the business, government, diplomatic, and think tank communities attend. Table sponsorship opportunities are available at the following levels: Leadership ($50,000) – w/ speaking role (optional) Patron ($15,000) Benefactor ($25,000) Supporter ($10,000) Contact Gloria González-Micklin (ggonzalezmicklin@uschina.org) for more information. Other Meetings Issues Briefings Government Affairs Roundtables Beijing | Shanghai | Washington, DC Beijing | Shanghai | Washington, DC USCBC invites members of the US and PRC USCBC’s Beijing and Shanghai offices host quarterly governments and China analysts to luncheons, and DC office hosts monthly roundtables for members breakfasts, and meetings aimed at addressing topical focused on government affairs. These events provide developments and company concerns. information on China-related trade policy in Washington and give members an opportunity to share information. Past briefings have included topics related to the operational side of government affairs. Members © 2021 The US-China Business Council 21
interested in learning more about this series should PRC Embassy Speaker Series contact Anna Ashton and Matt Margulies Washington, DC (aashton@uschina.org and This program series invites key officials from the mmargulies@uschina.org). Chinese Embassy to discuss their portfolios, work priorities, and issues important to USCBC members. US Subnational Engagement Members interested in learning more about this series should contact Gloria Gonzalez-Micklin Various locations in the United States USCBC hosts meetings with business communities in (ggonzalezmicklin@uschina.org). various locations across the United States to discuss US-China commercial issues. Dates and locations are China Business Events determined on an ongoing basis. Companies Various locations in China interested in hosting or organizing a USCBC program Each year, the Chinese central government hosts a in their area should contact Anna Ashton number of national investment promotion events. (aashton@uschina.org). USCBC leads a delegation of member company executives to meet with various senior central and Roundtable Discussions and Benchmarking provincial information, government leadership teams. For contact Zhang Lipei Sessions (lzhang@uschina.org). Beijing | Shanghai | Washington, DC USCBC frequently holds informal meetings on pressing issues in the changing business and policy China Provincial Engagement environment. Topics include: Various locations in China New Biden Administration USCBC routinely organizes company delegations to US-China commercial policy and bilateral visit provinces important to membership. Depending on commercial dialogues the level of the delegation, these visits include meetings with senior provincial government officials Political transitions in the US and China (governor/party secretary), working-level contacts Human resources in China (director generals), and industry zone management. Chinese industrial and innovation policies For information on current and future provincial Export control development in the US and China engagement plans, contact Melinda Xu Intellectual property rights enforcement (zxu@uschina.org). Investment in central and western China China’s energy and environment policies Chinese competition policies and the PRC Bilateral and Multilateral Public- Antimonopoly Law Private Engagement Government affairs best practice in China Various locations in China and the United States Corruption and bribery rules in the US USCBC plans to host events in conjunction with Financial sector, tax reforms, and capital controls bilateral government-to-government events held Market regulatory development and digital economy throughout the year. These meetings offer member company executives the opportunity to hear from senior government officials and voice their positions China Market Intelligence (CMI) Live directly to policymakers. For more information, contact Calls Jake Parker (jparker@uschina.org) and Gloria Virtual González-Micklin (ggonzalezmicklin@uschina.org). USCBC holds a bi-weekly CMI live call to give the latest update on the bilateral trade relationship. This off-the-record call is open to members and is a chance to have your US-China questions answered by the experts. Hosts include USCBC president and other senior staff in Washington DC, Beijing and Shanghai. Contact Meg Kurdys (mkurdys@uschina.org) or Jake Parker (jparker@uschina.org) for more information on the CMI live calls. © 2021 The US-China Business Council 22
2021 Calendar for US-China-Related Events February 3-4 USCBC Forecast Conference, virtual 11-17 Spring Festival (China legal holiday) 15 Presidents’ Day (US legal holiday) 28 US Trade Representative Annual Report on the President’s Trade Agenda due TBD NPC Standing Committee Meeting, Beijing TBD WTO General Counsel Special Session (to select next Director General), virtual March 1 US Trade Representative 2020 Annual Report due 4 Chinese People’s Political Consultative Conference Annual Meeting, Beijing (part of two annual meetings typically held over 10 days) 5 NPC Annual Meeting and 14th Five Year Plan release, Beijing (part of two annual meetings typically held over 10 days) 24-27 Bo’ao Forum for Asia, Hainan, China 31 US Trade Representative National Trade Estimate report release, surveying significant foreign barriers to US exports, including those in China (actual release date may vary) TBD China Development Forum, Beijing April 3-5 Qing Ming Festival (China legal holiday) 9-11 Spring Meetings of the International Monetary Fund and World Bank, Washington, DC 15 US Treasury Department report to Congress on exchange rate policies (actual release date may vary) 30 USTR “Special 301” report on IPR practices of US trading partners, including China (actual release date may vary) TBD China-Central and Eastern European Economies (CEEC) “17+1” Summit, Location TBD TBD NPC Standing Committee Meeting, Beijing May 1-3 Labor Day (China legal holiday) 18-21 World Economic Forum Annual Meeting, Lucerne-Bürgenstock, Switzerland 31 Memorial Day (US legal holiday) TBD Central China Expo (Vice Premier, senior MOFCOM officials, and governors of several provinces usually attend) © 2021 The US-China Business Council 23
June 5 APEC Trade Ministers Meeting, virtual (hosted by New Zealand) 9/9-10 USCBC Annual Membership Meeting, Location TBD (in-person/virtual) 12-14 Dragon Boat Festival (China legal holiday) TBD USCBC Beijing China Operations Conference TBD USCBC Board of Directors Meeting, Location TBD (in-person/virtual) TBD NPC Standing Committee Meeting, Beijing TBD WTO Ministerial Conference, virtual (hosted by Kazakhstan) July 1 US Trade Promotion Authority expires 5 Independence Day (US legal holiday) 8-9 G20 Economic and Finance Ministers Meeting, Venice TBD BRICS Summit, Location TBD TBD Shanghai Cooperation Organization Summit, Location TBD August TBD US House recess TBD US Senate recess TBD NPC Standing Committee Meeting, Beijing September 6 Labor Day (US legal holiday) 8-11 China International Fair for Investment and Trade, Xiamen 14-30 United Nations General Assembly, New York City (senior Chinese official attends) 19-21 Mid-Autumn Festival (China legal holiday) TBD China Development Forum Fall Session, Beijing October 1-7 National Day (China legal holiday) 5 G20 Trade Ministers Meeting, Sorrento, Italy 11 Columbus Day (US legal holiday) 15 US Treasury Department report to Congress on exchange rate policies due 15-17 Annual Meetings of the International Monetary Fund and World Bank, Marrakech, Morocco 30-31 G20 Leaders Summit, Rome, Italy TBD NPC Standing Committee Meeting, Beijing TBD Tsinghua University International Advisory Group Meeting, Beijing November 1-12 COP26 UN Climate Conference, Glasgow, Scotland 5-10 China International Import Expo, Shanghai © 2021 The US-China Business Council 24
8-12 APEC Leaders and CEO Summit, virtual (hosted by New Zealand) 11 Veterans Day (US legal holiday) 25 Thanksgiving Day (US legal holiday) TBD USCBC Shanghai China Operations Conference TBD East Asia Summit, Brunei TBD Bloomberg-CCIEE Innovative Economic Forum, Location TBD TBD World Internet Conference, Wuzhen, China December 2 USCBC Board Meeting & Gala, Location TBD (in-person/virtual) 24 Christmas Day (US legal holiday) TBD Central Economic Work Conference, Beijing (usually in the first ten days of the month) TBD NPC Standing Committee Meeting, Beijing © 2021 The US-China Business Council 25
Thought leadership opportunities with USCBC: ● The China Business Review: Since 1974, USCBC has published its digital magazine, the China Business Review (CBR). From before the normalization of diplomatic relations up to modern day, CBR has covered the latest developments with accurate analysis and thoughtful commentary. We welcome you to submit a contribution to the magazine for consideration. ● Podcasts: USCBC runs a podcast companion to our digital magazine, the China Business Review Podcast. We invite experts to cover a wide range of topics, from fintech to the corporate social credit system. Are you working on the cutting edge of changes in your field? Perhaps it would make an interesting podcast! ● Videos: Through our YouTube channel and direct posting on social media, we invite member companies, academia, and government officials to present their research or speak on topics that impact business in China. What’s the latest news in your area of expertise? Share it with us! Get in touch with our Communications team. Doug Barry Erin Slawson Ian Hutchinson Senior Director Senior Editor Digital Editor dbarry@uschina.org eslawson@uschina.org ihutchinson@uschina.org © 2021 The US-China Business Council 26
Officers and Directors Officers June 2020 -June 2021 Chair Secretary-Treasurer Tom Linebarger* Jennifer Scanlon * Chairman and Chief Executive Officer President and Chief Executive Officer Cummins Inc. UL Vice Chairs Counsel Mary T. Barra* Eric C. Emerson Chairman and Chief Executive Officer Partner General Motors Company Steptoe and Johnson, LLP Doug McMillon * President President and Chief Executive Officer Craig Allen Walmart President US-China Business Council *Also serves as a Director Directors Bertrand-Marc Allen Mary Callahan Erdoes Senior Vice President Chief Executive Officer, Asset and Wealth The Boeing Company Management J.P. Morgan Marc N. Casper Chairman, President and Chief Executive James D. Farley, Jr. Officer Chief Operating Officer Thermo Fisher Scientific Ford Motor Company Terrence R. Curtin David N. Farr Chief Executive Officer Chairman and Chief Executive Officer TE Connectivity Emerson Gary E. Dickerson Jim Fitterling President and Chief Executive Officer Chairman and Chief Executive Officer Applied Materials, Inc. Dow Brian Duperreault Robert B. Ford President and Chief Executive Officer President and Chief Executive Officer American International Group, Inc. Abbott © 2021 The US-China Business Council © 2021 The US-China Business Council 27
The Honorable Barbara H. Franklin Douglas L. Peterson President and Chief Executive Officer President and Chief Executive Officer Barbara Franklin Enterprises S&P Global Inc. Seifi Ghasemi James Quincey Chairman, President and Chief Executive Chairman and Chief Executive Officer Officer The Coca-Cola Company Air Products Krishnan Rajagopalan Evan G. Greenberg President and Chief Executive Officer Chairman and Chief Executive Officer Heidrick & Struggles Chubb Ann Sarnoff Carlos M. Hernandez Chair and Chief Executive Officer Chief Executive Officer Warner Bros. Fluor Corporation Joe Stone Michel A. Khalaf Executive Vice President President and Chief Executive Officer Cargill MetLife, Inc. Rajesh Subramaniam Ramon Laguarta President & Chief Operating Officer Chairman & Chief Executive Officer FedEx Corporation PepsiCo David S. Taylor Kewsong Lee Chairman of the Board, President and Chief Co-Chief Executive Officer Executive Officer The Carlyle Group The Procter & Gamble Company Roberta Lipson D. James Umpleby, III Chief Executive Officer Chairman of the Board of Directors and Chief United Family Healthcare Executive Officer Caterpillar Inc. Juan Luciano Chairman, President and Chief Executive John Waldron Officer President and Chief Operating Officer Archer Daniels Midland Goldman Sachs Ryan McInerney Jack P. Williams President Senior Vice President Visa Inc. Exxon Mobil Corporation Steve Mollenkopf Chief Executive Officer QUALCOMM Incorporated © 2021 The US-China Business Council 28
USCBC Member Firms (240 companies) 3M Company Becton Dickinson The Walt Disney Company II-VI Incorporated Best Buy Co., Inc. Dolby Laboratories, Inc. A.O. Smith Corporation Beacon Global Strategies Dorsey & Whitney LLP ABB Inc. LLC doTerra International Abbott Laboratories Biogen Inc. Dow Adobe Systems Blue Heron Holdings, LLC The Dun & Bradstreet Incorporated The Boeing Company Corporation Advanced Micro Devices, BP PLC DV International, Inc. Inc. Brehm Global Ventures, LLC East Penn Manufacturing AIG Bridge Pacific Consulting Co., Inc. Air Products and Chemicals, Brunswick Group LLP Eastman Chemical Inc. C.V. Starr & Co., Inc. Company Airbnb, Inc. Cabot Corporation Eaton Corporation Akin Gump Strauss Hauer & Canadian Solar Inc. eBay Inc. Feld LLP Capital Group Carbon, Inc. Ecolab Albright Stonebridge Group Cargill, Incorporated Edwards Lifesciences LLC Alcoa Inc. The Carlyle Group Eli Lilly and Company Allen & Overy LLP Case New Holland Inc. EMD Serono Inc. Alphabet Inc. Caterpillar Inc. Emerson Alston & Bird LLP Cheniere Energy, Inc. Ernst & Young Amazon Chevron The Estee Lauder Companies American Express Company Children's National Hospital Exxon Mobil Corporation Amgen Inc. CHUBB Facebook Inc. Amphenol Corporation Cigna Factory Mutual Insurance Amway Cisco Systems, Inc. Company Analog Devices Inc. Cloudflare Inc. Faegre Drinker Biddle & APCO Worldwide The Coca-Cola Company Reath LLP The Cohen Group FedEx Apple Inc. Applied Materials, Inc. Comcast Corporation Fluor Corporation Archer Daniels Midland ConocoPhillips FMC Corporation Company Control Risks Ford Motor Company Arconic Inc. Corbu, LLC Fortive Corporation The Asia Group, LLC Corning Incorporated Freepoint Commodities, LLC Audia Plastics Holdings, Inc. Corteva Agriscience Freeport McMoRan Inc. Autodesk, Inc. Covington & Burling LLP Gardner Denver Autozone, Inc. Cowen Inc. Garrett Motion Inc. Baker McKenzie LLP Crowell & Moring LLP General Motors Corporation BakerHostetler Crown Equipment Genworth Financial, Inc. Bank of America Merrill Corporation Gilead Sciences Lynch Cummins Inc. Global Strategic Associates, Barbara Franklin Enterprises Danaher Corporation LLC Basic Fun! Deere & Company GNC Holdings, Inc. Basilinna LLC Dell Inc. Goldman Sachs Group, Inc. Bayer Dentons Grifols © 2021 The US-China Business Council 29
W.R. Grace & Co. Mars Incorporated Smiths Group PLC GreenPoint Group Martin+Crumpton Group SoftBank Group Harley-Davidson, Inc. LLC Squire Patton Boggs Hbk Investments L.P. Mary Kay Inc. Standard Chartered Bank Heidrick & Struggles MasterCard Worldwide Starbucks Corporation Herbalife International of Mattel, Inc. State Street Corporation America,Inc. Mayer Brown LLP Steptoe & Johnson LLP Hill & Associates Ltd. McLarty Associates Target Corporation Hills & Company Merck & Co., Inc. TE Connectivity Hilton Worldwide MetLife, Inc. Teng Yue Partners, Lp Honeywell Micron Technology, Inc. Texas Instruments HP Technology Co. Inc. Microsoft Corporation Incorporated Huntsman Corporation Miles & Stockbridge P.C. Thermo Fisher Scientific Inc. IBM Corporation MKBC International The Timken Company Illumina, Inc. Moody's Investors Service Third Point LLC Illuminarium Experiences Morgan Stanley Trane Technologies plc Intel Corporation National Basketball Tyson Foods, Inc. International Paper Association Inc. UL Inc. Company NetApp, Inc. Under Armour, Inc. Intralox, LLC New Frontier Health Visa Inc. Intuitive Surgical, Inc. Nu Skin Enterprises, Inc. VMware Institute of Management Olivetree Financial LLC Volk Flow Controls, Inc. Accountants, Inc. Oxbow Carbon & Mineral Walmart, Inc. Johnson & Johnson Holdings, Inc. Warburg Pincus LLC Jacobs Global Trade & Paul Weiss Rifkind Wharton WarnerMedia Compliance LLC & Garrison Washington Analysis LLC Johnson Controls PayPal Holdings, Inc. Westinghouse Electric JPMorgan Chase & Co. PepsiCo, Inc. Company, LLC K&L Gates LLP PerkinElmer, Inc. WestRock Company Kamsky Associates, Inc. Perkins Coie LLP WeWork Companies Inc. Robert A. Kapp & Associate, Pfizer Inc. Whirlpool Corporation Inc PingPong Digital Willis Towers Watson PLC Kimberly-Clark Corporation Polar Air Cargo Worldwide Wilmer Cutler Pickering Hale Kissinger Associates, Inc. PricewaterhouseCoopers and Dorr LLP KKR & Co. L.P. The Procter & Gamble WPP Group Kobre & Kim LLP Company Wynn Resorts, Limited Koch Industries, Inc. QUALCOMM Incorporated Xcoal Energy & Resources KPMG LLP Raymond James Financial Yum! Brands, Inc. Larkin Trade International, Raytheon Technologies Zebra Technologies LLC Corporation Corporation Las Vegas Sands Corp. Rock Creek Partners LLC Zoom Video Liberty International S&P Global Inc. Communications Holdings, Inc Sas Institute Inc. Linde plc. The Scowcroft Group Lumen Technologies Seagate Technology LLC Maritime Products The Sherwin-Williams International Company Marriott International, Inc. Smithfield Foods, Inc. © 2021 The US-China Business Council 30
You can also read