Sep 7 2005
Standards have moved up the ladder of concerns among the members of the US-China Business Council (USCBC), according to the findings of the 2005 USCBC Member Survey. Since 2001, the USCBC has surveyed its members annually to gauge the importance of the People’s Republic of China to U.S. companies with global operations, and to assess China's implementation efforts since joining the World Trade Organization (WTO) in 2001.
More than two-thirds of the U.S. companies doing business in China said China is their company's top priority or within the top five priorities globally. Standards moved up from eighth place to sixth in the top ten list of operating issues in China, though the survey reflected mixed feelings about whether there had been improvement or stagnation in China's implementation of internationally accepted standards.
At the top of the USCBC survey results are intellectual property rights (IPR) enforcement, distribution rights, and transparency. U.S. companies also feel that the Chinese government is doing a "fair" to "good" job in implementing its WTO obligations.
Founded in 1973, the USCBC provides extensive China-focused information, advisory, and advocacy services, along with comprehensive events, to nearly 250 U.S. corporations operating within the United States and throughout Asia.
To read the full report of survey results, click here (PDF).
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