Vice President of the US-China Business Council: American companies have not shy away from the Chinese market

(The 4th CIIE) Vice President of the US-China Business Council: American companies have not shy away from the Chinese market

　　China News Service, Shanghai, November 6 (Reporter Wang Enbo) Matthew Margulis, Vice President of the US-China Business Council and President of the China Region, emphasized US-China business relations and technology at the 4th CIIE on the 6th The importance of cooperation, and said that "American companies have not shy away from the Chinese market."

　　Margulis delivered a video speech at the "2021 International Electronic Information Technology and Industry Cooperation Forum" held on the same day.

He said that China is the world's largest manufacturing center, producing 36% of the world's electronic products, including smart phones, computers, cloud servers and telecommunications infrastructure.

This strengthens China's position as the largest node in the global electronics industry supply chain.

　　Margulis believes that the driving force behind the strong development of China's electronics industry is the highly globalized semiconductor and information and communication technology supply chain.

Over the years, through establishing relationships, conducting tests, verifications, and capacity building, companies in the United States, China, and other countries have optimized these supply chains.

However, due to the new crown epidemic and other reasons, some of the above integration and supply chains are facing challenges.

　　"Competition is good, but we need to increase bilateral trust to ensure that competition is within acceptable limits." Margulis said that American companies have not shy away from the Chinese market, and they continue to increase investment in China.

Increasing competition has made the global information and communication technology industry and the chip industry stronger, more dynamic, and more innovative.

Both the US and Chinese governments attach importance to supply chain flexibility and economic security, but the solution cannot be a complete "decoupling" of the two economies.

　　He said that the information and communication technology and semiconductor industries have achieved true globalization, and access to the global market is crucial for US companies to maintain high levels of R&D investment and capital expenditures.

A recent study found that “decoupling” from China will reduce US chip companies’ global market share by 8% to 18%, leading to significant cuts in R&D and capital expenditures, as well as the loss of up to 124,000 US jobs, which will eventually weaken The global position of the United States in the industry.

　　"Eliminating barriers and working together can achieve many great goals." Margulis said, hoping that the United States and China can work together to find solutions to today's challenges and actively cooperate with the private sector to ensure that fair and effective policies are put forward. Suggestions to deal with common challenges.

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