PRC President Hu Jintao expressed confidence in the future of US-China relations at a luncheon co-hosted by the US-China Business Council (USCBC) and the National Committee on US-China Relations. The January 20 luncheon in Washington, DC, also included speeches by US Secretary of Commerce Gary Locke and former US Secretary of State Henry Kissinger.
Hu’s speech—the only major policy speech he delivered during his state visit to the United States—emphasized the importance of mutual respect and cooperation on economic, environmental, and security issues.
Muhtar Kent, USCBC chair and the Coca-Cola Co. chairman and CEO, hosted the luncheon and offered introductory remarks. Robert McDonald, USCBC vice chair and the Procter & Gamble Co. chairman, president, and CEO; US Ambassador to China Jon Huntsman; and US Trade Representative Ron Kirk also attended the event. PRC guests included members of Hu’s delegation, such as Vice Premier Wang Qishan, State Councilor Dai Bingguo, National Development and Reform Commission Chair Zhang Ping, Minister of Foreign Affairs Yang Jiechi, and Minister of Commerce Chen Deming.
Speakers Forecast Developments in China’s Economy, Bilateral Relations, and Operational Issues
The US-China Business Council (USCBC) hosted its 30th annual Forecast conference—which covered China’s economy, US-China relations, and operational issues in 2011—on February 10 in Washington, DC. Under Secretary of the Treasury Lael Brainard delivered the keynote address, which discussed US exports, the renminbi exchange rate, and progress made during PRC President Hu Jintao’s visit in January.
Jerry Lou, managing director and China and Hong Kong strategist at Morgan Stanley, presented the outlook for inflation, currency policy, and gross domestic product growth in the coming year. Amber Cottle, international trade counsel for the Senate Finance Committee, and Angela Ellard, majority trade counsel for the House Ways and Means Committee, discussed Congress’ views of China. USCBC Vice President Robert Poole forecasted top operating challenges in China in the year ahead. Susan Shirk, director of the University of California Institute on Global Conflict and Cooperation, assessed developments in US-China relations.