US-China Business Council President Shares Insights on US-China Relations in Private Roundtable
SCCEI hosted a private roundtable discussion with the president of the US-China Business Council, Craig Allen, and a select group of Stanford faculty and business leaders, discussing technology competition and the shifting business environment between the US and China.
On September 16, 2022, SCCEI hosted a private roundtable discussion with the president of the US-China Business Council (USCBC), Craig Allen, and a select group of Stanford faculty and business leaders.
Prior to becoming USCBC’s president, Allen had a long, distinguished career in US public service, most recently serving as the United States ambassador to Brunei Darussalam from 2014-2018. In his current role as president, Allen strives to further USCBC’s mission to expand the US-China commercial relationship to benefit its 270+ members and, more broadly, the US economy. From his current post in Washington, D.C., Allen regularly advises policy makers in efforts to reduce barriers for American companies doing business in China.
During the roundtable, the discussion centered around technology competition and the shifting business environment between the US and China. Allen opened the discussion with an update on major regulatory and legislative developments in Washington, D.C. with the potential to directly impact US companies engaged in business in China. They included: (i) the expanding US export control regime; (ii) the Committee on Foreign investment in the United States (CFIUS) review of inbound investments from China; (iii) the proposed “National Critical Capabilities Defense Act of 2022” in Congress, which would advance screening of outbound U.S. investments into China; (iv) Biden administration’s retention of Section 301 tariffs on goods from China; and (iv) the Uyghur Forced Labor Prevention Act.
Although much of Allen’s commentary alluded to the ongoing tensions in US-China relations, he opted to end on a positive note, stating that we are at “an inflection point in the bilateral relationship – hopefully we can put a floor under the deterioration of the relationship and build on the collaboration.”
