Press Release News
USCBC statement on meeting between Presidents Biden and Xi at the G20
By Press Release | Nov 14, 2022
The US-China Business Council applauds the recent meeting between Presidents Joe Biden and Xi Jinping at the G20 Summit in Bali.
Rubio and Gallagher call for national TikTok ban
By Press Release | Nov 11, 2022
The United States is locked in a new Cold War with the Chinese Communist Party, one that senior military advisers warn could turn hot over Taiwan at any time.
Confidence in the China market falters amid COVID-19 restrictions, geopolitical tensions
By Press Release | Aug 30, 2022
Optimism about the future business outlook in China has dropped to a record low according to an annual membership survey from the US-China Business Council, an organization representing more than 270 US companies that do business in China.
Rubio urges full compliance in China audit agreement: 'No exceptions'
By Press Release | Aug 30, 2022
The Public Company Accounting Oversight Board (PCAOB) announced an agreement with Chinese regulators to receive full access to the audit papers of companies based in mainland China and Hong Kong that do business in the United States.
UHRP urges robust enforcement of Uyghur Forced Labor Prevention Act
By Press Release | Jun 22, 2022
The Uyghur Human Rights Project (UHRP) urges the US government to effectively implement the Uyghur Forced Labor Prevention Act (UFLPA) as it comes into effect, and governments to pass similar legislation to stop forced labor goods from entering the global market.
China’s data policies pose challenges for US companies in China
By Press Release | May 17, 2022
China’s evolving data, privacy, and cybersecurity regimes stand to significantly raise the costs of doing business in China, according to a report released by the US-China Business Council.
Rubio and Scott introduce bill to crack down on U.S. investment in Chinese companies
By Press Release | May 3, 2022
U.S. Senators Marco Rubio (R-FL) and Rick Scott (R-FL) introduced the Transaction and Sourcing Knowledge (TASK) Act (S. 4095).
US Exports to China: A boom for goods, a bust for services
By Press Release | Apr 12, 2022
US goods exports to China last year increased 21 percent to $149 billion.
Climate Action 100+ flags key proposals in North America, calls for more ambitious corporate climate action
By Press Release | Mar 15, 2022
Climate Action 100+, the world’s largest investor engagement initiative on climate change, is flagging key shareholder proposals in North America ahead of the 2022 Proxy Season to drive greater shareholder action on the climate crisis.
Victims of Communism Memorial Foundation issues corporate complicity scorecard
By Press Release | Feb 9, 2022
On Feb. 3, the Victims of Communism Memorial Foundation (VOC) released a groundbreaking report assessing U.S. companies’ ties to Beijing’s human rights abuses, the surveillance state, and China’s military modernization.
IMF concludes consultation with Pakistan
By Press Release | Feb 3, 2022
The Executive Board of the International Monetary Fund (IMF) concluded the 2021 Article IV consultation [1] (press release to follow) and the sixth review of the extended arrangement under the Extended Fund Facility (EFF) for Pakistan.
GDP increased in fourth quarter of 2021
By Press Release | Jan 27, 2022
Real gross domestic product (GDP) increased at an annual rate of 6.9 percent in the fourth quarter of 2021 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.3 percent.
Consultation between France, IMF completed
By Press Release | Jan 27, 2022
The International Monetary Fund has issued the following press release:Washington, DC: On January 19, 2022 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with France.France was among the most affected European countries from the COVID crisis.
IMF concludes Indonesia mission
By Press Release | Jan 26, 2022
An International Monetary Fund (IMF) team led by Ms. Cheng Hoon Lim conducted virtual discussions on the Indonesian economy for the 2022 Article IV Consultation from January 4 to 24, 2022.
University of Helsinki researchers develop molecule that can help with coronavirus protection
By Press Release | Jan 25, 2022
A molecule developed by researchers at the University of Helsinki can inactivate the coronavirus spike protein and offers effective short-term protection against the virus.
Virtual visit with Grenada, IMF staff completed
By Press Release | Jan 14, 2022
An International Monetary Fund (IMF) team led by Ms. Huidan Lin met virtually with the authorities of Grenada during January 6–12 to discuss recent economic developments and follow upon the policy priorities raised during the 2019 Article IV Consultation and the 2020 Request for Disbursement under the Rapid Credit Facility.
$395.9 million arrangement reached between IMF, Nepal
By Press Release | Jan 13, 2022
On Jan. 12, the Executive Board of the International Monetary Fund (IMF) approved a 38-month arrangement under the Extended Credit Facility (ECF) for Nepal in an amount equivalent to SDR 282.42 million (180 percent of quota or about US$395.9million).
World Bank: Global growth will be slow through 2023
By Press Release | Jan 11, 2022
Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic Prospects report.
World's oldest family tree discovered with DNA research
By Press Release | Dec 27, 2021
By analyzing DNA extracted from the bones and teeth of 35 individuals entombed at Hazleton North long cairn in the Cotswolds-Severn region, the research team was able to detect that 27 of them were close biological relatives.