Takeaways from the 2023 China Business Climate Survey Launch

The event was joined by a diverse range of executives who provided insights on the 2023 BCS results. Speakers included: Colm Rafferty, AmCham China Chairman and VP of Asia Pacific for Vermeer; Gloria Xu, AmCham China Vice Chair and China Country Manager & VP of External Affairs at Albemarle; Sherry Carbary, President of Boeing China; Michael Hart, President of AmCham China; Lester Ross, Partner at WilmerHale; Charles Shi, Senior VP of Govt. Engagement and External Affairs at Universal Beijing; and Ken Zhong, Partner at PwC Strategy&.

During the event, the panelists discussed the impacts of how decisions made today will continue to be felt in the coming years and the growing negative business sentiment towards China. They also compared and contrasted sector differences and the rising tensions in the US-China relationship versus regulatory enforcement.

The participants also examined the growing risks of doing business in China and the lack of symmetry in how business decisions are viewed. They also discussed the importance of the business relationship between the US and China, despite the current challenges in talking about these issues in Washington, DC. Overall, there was a consensus that US companies in China have had a profoundly positive impact on the China business and employment environments, and that the US has gained both growth and value from its economic engagement in China.

Furthermore, panelists pointed out that although the Chinese national-level government has a challenging bilateral relationship with the US to consider, provincial governments are actively seeking FDI and “rolling out the red carpet” for foreign companies following China’s reopening in Q1 2023.

Click here to download the full 2023 BCS report for free.