China, US firms seek cooperation, reject decoupling: CCPIT
Both sides show strong desire to strengthen exchanges
It is obvious to all that the business communities of China and the US are voting with “their feet” on China’s economy, and want cooperation instead of “decoupling.” This is also what the people of the two countries want and what they hope for in China-US relations, China’s trade promotion agency said on Friday.
At the invitation of US commerce chambers, the China Council for the Promotion of International Trade (CCPIT) plans to organize a delegation of Chinese entrepreneurs to visit the US in June to increase exchanges.
The remarks came in response to a recent meeting between China’s top leader and a number of US representatives, indicating that China is now paying more attention to exchanges with the American people at all levels and the business community, analysts said.
Just as the Chinese president has stressed, the foundation of China-US relations lies among the people, the hope is in the people, the future lies in the youth, and the vitality lies in sub-national areas, Yang Fan, a spokesperson for the CCPIT, told the Global Times on Friday during a regular press conference.
“As the country’s largest trade and investment promotion agency and the spokesperson of Chinese industrial and commercial enterprises, the CCPIT has always taken it as an important mission to deepen exchanges and cooperation between the business communities of China and the US,” Yang said.
In fact, US companies are still heavily involved in the Chinese market and are confident in China’s economic development and vast market potential.
At the just-concluded China Development Forum (CDF) 2024, more than 30 percent of the over 80 business executives came from the US.
This figure is strong evidence indicating the US business sector’s unabated commitment to the China market, in stark contrast to the “decoupling” narrative promoted by some US politicians.
“The Chinese economy is always going to be a very significant economy and a very significant driver of global growth, and I don’t think that’s different this year as opposed to any other,” said Timothy Creber, general manager at the China Operation of American Express, at the sidelines of the CDF 2024.
Unlike the US and some Western countries that closed their previously open doors to the outside world for political reasons, China has always welcomed global companies to operate and develop in the Chinese market and share the dividends of its market potential, said Li Yong, an expert with China Association of International Trade.
China has taken measures to expand market access for foreign businesses so as to achieve greater integration of industrial interests, “make the cake of economic interests bigger” and achieve win-win results, analysts pointed out.