AmCham Shanghai hosted a roundtable discussion with Ambassador Max Baucus, a Congressional delegation led by Congressman Fred Upton (R-MI), and several AmCham Shanghai members on June 29.
Energy and environmental issues, development in China, cyber security, China’s Internet restrictions, financial services, the Trans-Pacific Partnership (TPP), and the South China Sea were among the topics discussed. The Ambassador discussed some of the key challenges and opportunities present in the US-China bilateral relationship and steps that the U.S. Embassy in Beijing is taking to improve the business environment in China for American companies.
AmCham Shanghai members in attendance noted that their operations in China continue to face significant regulatory and industrial policy hurdles, and that in certain sectors, like the Internet, restrictions are increasing. The members added, however, that China continues to be a significant and growing source of revenue for their companies. China will continue to be a major focus for their businesses moving forward and they appreciate the help that the U.S. government has been able to provide through the U.S.-China Security & Economic Dialogue and the U.S.-China Joint Commission on Commerce and Trade.
The Congressional delegation outlined some of the key discussions they have had during their visit to China, some of the key issues being discussed in Congress, and the prospects for the passage of the TPP. The delegation encouraged AmCham Shanghai’s members to continue to feed their home offices information on the conditions in China and the ways in which Congress and the U.S. government can assist American companies in China. In particular, they added, the American business community needs to improve their messaging around, and support for, the benefits of foreign trade and trade agreements such as the TPP.
The Congressional delegation added that they look forward to meeting with AmCham Shanghai and its members during their 2016 DC Doorknock trip in September.