Past Events

Lance Yau, Business Advisory Services Manager for the US-China Business Council, provided an insightful update at the Americas Committee meeting on 12 January on the business sentiment of U.S. companies doing business with Mainland China. Despite the challenges of the pandemic, 63% of businesses polled in USSBC’s survey last said profitability had increased in 2022, compared to 2021. However, more businesses (21%) were pessimistic about doing business in China in the coming five years, compared to 2021 (9%), due to geopolitics (73%) followed by the regulatory environment (66%).

Despite challenges, Yau said he was confident that the China market would continue to offer a lot of potential for U.S. companies. He said if companies were unable to participate in the China market, they would be at a global disadvantage compared to competitors who were active in China.