U.S. businesses "remain bullish" on China despite coronavirus: USCBC

Source: Xinhua| 2020-02-08 14:49:17|Editor: Xiang Bo
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WASHINGTON, Feb. 7 (Xinhua) -- U.S. businesses "remain bullish" on China despite the novel coronavirus outbreak, a spokesperson for the U.S.-China Business Council (USCBC) told Xinhua on Friday.

"Those taking a long-term view are betting the economy will continue to grow faster than in most other markets and that the Chinese consumer in particular will propel growth," Doug Barry, senior director of communications and publications at the USCBC, told Xinhua.

"Companies want to be in China. They need to be in China," said Barry, whose organization represents more than 200 U.S. companies that do business with China.

Meanwhile, he said the virus is a reminder that diversification of risk is important and that some adjustment of existing supply chains is "prudent," noting that it is easier in some sectors than in others.

"China plays an important role in the international trading system. That role will evolve but I don't see reliance changing," said the spokesperson.