In a significant diplomatic engagement, Chinese Vice-Premier He Lifeng convened with a high-level delegation from the US-China Business Council (USCBC) in Beijing on Sunday, emphasizing the critical importance of stabilizing bilateral economic relations. The meeting represents a concerted effort to reinforce commercial ties between the world’s two largest economies amid ongoing geopolitical complexities.
He characterized China-US relations as the most consequential bilateral partnership globally and urged American corporations to serve as stabilizing forces within the economic relationship. He specifically encouraged USCBC members to leverage opportunities presented by China’s ongoing development and to explore the substantial potential of the Chinese consumer market.
The American delegation, led by USCBC Board Chair Rajesh Subramaniam and Council President Sean Stein, responded with assurances of continued optimism regarding China’s economic trajectory. They confirmed the US business community’s commitment to expanding operations within China while advocating for deeper trade and investment cooperation between the nations.
The meeting occurred alongside the China Development Forum, which listed both Stein and Subramaniam among its key participants for its 2026 annual gathering. This diplomatic exchange follows closely on the heels of Vice-Premier He’s two-day economic dialogue in Paris with US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer.
Industry observers interpret this sequence of high-level engagements as demonstrating Beijing’s proactive approach to maintaining foreign business confidence despite challenging global economic conditions. The USCBC, representing approximately 270 American companies conducting business in China, recently reported in its spring 2025 survey that nearly all member firms consider their Chinese operations essential to maintaining global competitiveness.