China’s push for high-tech self-sufficiency and industrial upgrading presents challenges as well as opportunities for US businesses, said Michael Hart, president of AmCham China, in a recent interview with China Daily.
To facilitate their growth, Hart said that US businesses should ensure strict compliance with both US and Chinese regulations to mitigate risks, invest in research and development tailored to the Chinese market, and leverage global expertise while adapting to local conditions.
Noting that the chamber is not in favor of widespread tariffs, Hart said AmCham China advocates constructive dialogue and policy predictability to reduce volatility in trade relations. “Ensuring that businesses can operate competitively and with greater certainty benefits both economies and supports global economic stability,” said Hart.
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