On February 1, 2022, the WSCRC publishes its 2nd Washington State – China Quarterly report. We started this project in October 2021 to provide industry leaders, government officials, and their staff timely and important information and analysis about key developments in U.S.-China relations, with a focus on those stories most relevant to Washington state. We also include an updated summary of notable China engagements and activities among our local businesses and organizations.
As we kick off 2022, tension continues to define the geopolitical relationship between the U.S. and China. A certain stasis has developed since President Biden and Chinese leader Xi Jinping held a virtual summit at the end of November. Fortunately, there have been no major incidents to further worsen the relationship, but also no major diplomatic breakthroughs either. The 2022 Winter Olympics, once heralded as another stage for China to showcase its economic achievements, has been hindered by the emergence of Delta and Omicron variants of the Covid-19 virus.
Although the media often focuses on points of conflict between the U.S and China, business representatives who participated in a China Business Conference co-hosted by the Council and the American Chamber of Commerce in Shanghai in December, noted the success of their companies in the PRC, even during the pandemic. The business leaders were upbeat about their China prospects, and many planned to increase their investments in the country.
The Council—in cooperation with its educational arm, the Washington State China Relations Fund—continues to produce webinars in an effort to present a more nuanced picture of the U.S.-China relationship. Details of the event are provided at the end of the report.
Click here to read the full report.