This week on China Corner Office, Chris Marquis talks to Craig Allen, President of the US-China Business Council (USCBC), about the future outlook of different business sectors in 2023, in part based on his visit to China in late 2022. While Craig is optimistic about the rapid growth of the agriculture, energy, manufacturing, and consumer goods and services sectors, he noted that the aerospace and tech sectors are a different story. They discussed U.S.-China positioning in the tech sector and the recent establishment of the Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party, the first select committee directed against a foreign political party. Craig pointed out that both countries should seek to de-risk rather than de-couple, in order to harness the benefits of interconnection between the world’s two largest economies while managing the risk of interdependence. They concluded with the topic of student exchange, an area they both deemed critical to foster conversation between the U.S. and China.
