BEIJING: China’s economic growth is pivotal to and vital for global prosperity, and it is essential and significant for the United States and China to maintain a stable trade relationship, according to a senior business leader.
Rajesh Subramaniam, CEO of US-based logistics company FedEx Corp and chair of the Board of the US-China Business Council, said that in a world defined by rapid changes and heightened geopolitical uncertainty, the council welcomes continued dialogue and the positive outcomes achieved by the US and Chinese economic and trade consultation teams.
His remarks follow a recent visit by a USCBC board delegation to Beijing, during which representatives of major US companies, including Apple, Boeing, Goldman Sachs and Otis, sought to strengthen bilateral commercial ties and advocate for a stable and predictable environment for US businesses operating in China.
The visit underscored a broader sentiment among global and US companies that continue to view China as a critical market because of its vast consumer base, consistent focus on high-quality growth, well-developed industrial system and supply chain networks. Amid declining global cross-border investment, a growing number of foreign businesses regard China as an ideal, secure and promising investment destination.
The number of foreign-invested companies with foreign trade businesses in China reached 75,000 in the first half of 2025, the highest level for the same period since 2021, data from the General Administration of Customs shows.
Emphasizing China’s importance to the global competitiveness of many US companies, Subramaniam said that FedEx, which operates over 300 international weekly flights to and from China, will continue to invest in smarter supply chains through digital innovation, data-driven platforms and artificial intelligence within the country.
A report released in mid-July by the USCBC showed that about 82 percent of its surveyed member companies reported profitable operations in China in 2024, an improvement compared with the previous two years. Nearly all respondents also said they cannot remain globally competitive without their operations in China.
According to the Ministry of Commerce, China and the US have agreed to continue pushing for an extension of the pause on 24 percent reciprocal tariffs of the US side, as well as countermeasures of the Chinese side, following their latest round of trade talks last week in Stockholm, Sweden. –The Daily Mail-China Daily news exchange item
