China–US Economic Co-op Strengthens: CCPIT Delegation Visits US to Advance Busan Consensus and Deepen Supply Chain Collaboration

China–US Economic Co-op Strengthens: CCPIT Delegation Visits US to Advance Busan Consensus and Deepen Supply Chain Collaboration

China Council for the Promotion of International Trade

From December 3 to 7, at the invitation of the US Chamber of Commerce, the China Council for the Promotion of International Trade (CCPIT) led a delegation of 25 leading Chinese enterprises to visit Washington, D.C., San Francisco, and Oakland. The mission aimed to promote the implementation of the important consensus reached during the China–US presidential meeting in Busan and their follow-up call on November 24, deepening bilateral economic and trade exchanges.

Founded in 1978 in Beijing, the China Council for the Promotion of International Trade is a public service organization dedicated to advancing international trade and investment. CCPIT serves as an important link among individuals, enterprises, and organizations, maintaining extensive connections with chambers of commerce across China. By fostering shared interests between Chinese and international businesses, CCPIT has helped promote advanced economic and trade exchanges, supporting China’s continued opening-up at a higher standard. Through direct engagement with CCPIT headquarters in Beijing, lasting relationships have been established that reflect a shared commitment not only to business development, but also to enduring friendship and mutual understanding that support long-term China–US cooperation.

During the visit, CCPIT Chairman Ren Hongbin held talks with the US Department of Commerce and led the delegation in a roundtable discussion with the US-China Business Council (USCBC) and its member companies. Participants engaged in in-depth discussions on economic cooperation, industrial and supply chain stability, and future collaboration opportunities. The event was attended by Lv Jiang, Minister Counselor of the Economic and Commercial Office of the Chinese Embassy in the United States; Craig Allen, President of the USCBC; and Jim Sutter, CEO of the US Soybean Export Council.

Following the Washington meetings, Ren Hongbin met with San Francisco Mayor London Breed and Oakland Mayor Barbara Lee, and visited companies including Apple and HP. CCPIT also co-hosted a series of business matchmaking events with the City of Oakland, the US Chamber of Commerce, the USCBC, the Semiconductor Industry Association, the Asia Group, the Meridian International Center, and the US Soybean Export Council, engaging more than 170 US companies and institutions.

Ren introduced key messages from the Fourth Plenary Session of the 20th CPC Central Committee, outlined China’s new measures for high-quality development and continued opening-up, and promoted the upcoming Fourth Chain Expo. He emphasized that CCPIT will continue to support stronger China–US business cooperation and contribute to the stable, healthy, and sustainable development of bilateral relations.

US business leaders agreed that the visit significantly enhanced commercial exchanges and boosted confidence in China’s economic outlook. Many companies expressed their intention to deepen their presence and investment in China, strengthen supply chain collaboration, and participate in the 2026 APEC China Year and the Fourth Chain Expo.

Craig Allen stated that the Busan summit set a more pragmatic tone for China–US relations, which was broadly welcomed by business communities in both countries. He emphasized the importance of continued high-level engagement to enhance predictability and foster a stable, transparent business environment. Addressing claims that US companies are leaving China, Allen noted that American firms have been deeply engaged in the Chinese market for more than half a century and are not withdrawing, but rather diversifying while improving resilience.

Zhang Zheng, Chief Strategy Officer of Corning Inc., highlighted that China’s innovation and manufacturing strengths complement those of the United States, creating synergies that benefit global consumers.

Jim Sutter praised the Busan summit as a positive step and said he looks forward to President Trump’s planned visit to China in April 2026 to meet President Xi Jinping, noting that forward-looking engagement helps keep bilateral relations on the right track. US farmer and Soybean Export Council member Mike McCraie added that American farmers recognize China as an essential customer.

Participating US companies included FedEx, Thermo Fisher Scientific, PayPal, ExxonMobil, and Organon, while the Chinese delegation featured COFCO, China Post Express, ICBC, Air China, Fuyao Glass, SANY Group, and POP MART. Both sides exchanged views on strengthening supply chain coordination, facilitating investment, and advancing sustainable development, pledging to respond to global economic uncertainties with greater openness and collaboration.

Ren Hongbin concluded that the future of China–US relations lies in people-to-people exchange, with its foundation in public engagement and its vitality in local cooperation. He reaffirmed that CCPIT will continue working with US partners to enhance mutual understanding, expand pragmatic cooperation, and contribute to the growth of bilateral relations.

The visit also highlighted the value of sustained institutional engagement. For US enterprises, chambers of commerce, and trade organizations seeking long-term participation in China’s market, continued dialogue with CCPIT offers a constructive pathway grounded in mutual respect, people-to-people exchange, and practical cooperation. As history has shown—from the era of Marco Polo to the present—enduring progress in tourism, trade, and commerce is built not through distance, but through consistent engagement and trusted relationships.