Equality key to rescuing US-China business ties: US business lobby

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Recent strains in the relationship between the United States and China make it especially important to establish a policy of 'competitive ...

BEIJING: Recent strains in the relationship between the United States and China make it especially important to establish a policy of 'competitive neutrality' the American Chamber of Commerce in China said on Thursday.

President Donald Trump has long railed at China for not allowing U.S. companies the same access as Chinese companies get in the United States; the chamber said questions were also being raised internationally about the issue. "U.S. companies continue to face an uncertain operating environment in China," said the AmCham, which found in a February survey that nearly a third of U.S. companies had seen revenues slashed as the coronavirus outbreak disrupted activity.

"Unfortunately, previous bilateral dialogues and other mechanisms have not generated the results that are needed to sustain healthy, balanced, and mutually beneficial economic relations," said Greg Gilligan, the chairman of AmCham China.In a sign of Beijing's greater control, over 50per cent of U.S. companies surveyed for the new white paper said they had been required to establish Communist Party cells.

 

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