Hope for More Regular Communication Between U.S & China: Amcham

The video discusses a survey highlighting key issues for businesses, including travel restrictions, visa challenges, and tariffs. It explores the impact of these issues on business operations and potential solutions, such as improved communication between leaders. The regulatory environment for American firms in China is also examined, along with insights into consumer behavior and supply chain logistics.

What is one of the main challenges faced by executives trying to return to China?

• Lack of flights

• Difficulty in obtaining or renewing visas

• High travel costs

• Language barriers

What percentage of respondents indicated that tariffs negatively impact their business?

• 60%

• 90%

• 50%

• 78%

What is the hope associated with a potential meeting between President Xi Jinping and President Biden?

• Improved communication and relations between the two countries

• A new trade agreement

• Immediate removal of all tariffs

• Increased trade restrictions

What do businesses in China crave according to the discussion on the regulatory environment?

• Lower taxes

• More competition

• Predictability and stability

• Innovation and creativity

How have Chinese ministries been engaging with businesses regarding regulations?

• By offering financial incentives

• By imposing strict rules

• By being proactive and reaching out

• By ignoring their concerns

In which Chinese cities is consumer activity still strong?

• Beijing and Shanghai

• Nanjing and Suzhou

• Wuhan and Chengdu

• Xi'an and Hangzhou

What is one reason for the stability of supply chains in China?

• Effective control of virus spread domestically

• High demand for exports

• Increased foreign investment

• Government subsidies