“Is it too late to invest in China? Have tariffs and rising political tensions ended future opportunities for US business interests in China? These are the questions that business leaders have pondered since the onset of the US-China trade war in 2018. Some American business professionals would answer a resounding ‘yes,’ particularly as troves of foreign businesses have begun the process of decoupling from China amid a growing pessimism regarding the state of bilateral relations. On the other hand, some statistics have boldly declared that trade relations are better than ever. In fact, US trade in goods with China is up 36% through the first eight months of 2021 from the pre-pandemic environment in 2019.
In order to obtain a clearer understanding of the current state and future outlook of US-China business relations on a local level, we spoke with the directors of two different US-based China business organizations. Both Pat McAloon, the Executive Director of the Greater Columbus Chinese Chamber of Commerce, and Colin Renk, Executive Director of the America China Society of Indiana, oversee the operations of their respective non-profit organizations that specialize in assisting local small- and medium-sized enterprises (SMEs) to do business in China. Leveraging their member networks of SMEs and their own day-to-day experience, both Pat and Colin provided unique perspectives on US-China business relations from the point-of-view of the American heartland.”