OREM, Utah — Leaders and experts in U.S.-China relations, international trade and affairs, and national security policy will converge on Utah Valley University’s Orem Campus on June 9 as the UVU and the World Trade Center Utah host the first annual China Challenge Summit.
The goal of the summit is to discuss, understand, and provide thought leadership regarding China’s geopolitical, trade, business, and foreign policy strategy and how U.S. businesses and policymakers should respond to these challenges. Attendees can expect to receive strategic insights and tactical advice for operating in today’s global environment, with a particular focus on China.
“The relationship between the United States and China has never been more complex than it is today and with so many stakes,” said Jon Huntsman, former US ambassador to China and chairman of the board of the World Trade Center Utah. “The challenges are many: hostility to trade policies, China’s WTO obligations, military power, data privacy, cybersecurity and protection of intellectual property rights. The China Challenge Summit is an unprecedented gathering of many of the world’s best minds to discuss these challenges and provide practical advice to business and political leaders around the world to help us all, in our various responsibilities, to navigate the difficult path ahead of us.
Speakers and presenters will include Jon Huntsman, Jr., former U.S. Ambassador to China; Matt Pottinger, former deputy national security adviser; Craig Allen, President of the US-China Business Council; Sarah Kemp, vice president of international government affairs at Intel; Robb Gordon, senior director of policy at Intel; Evan Medeiros, chair of Asian studies at Georgetown University; Jeremie Waterman, president of the China Center of the American Chamber of Commerce; and Lingling Wei, chief China correspondent at The Wall Street Journal.
Companies and institutions represented will include US-China Business Council, Kroll, Albright Stonebridge Group, Taiwan Semiconductor Manufacturing Company, Intel, Strider Technologies, Council on Foreign Relations, Microsoft, Georgetown University, NYSHEX, US Indo-Pacific Command, Hoover Institution, Palantir Technologies, Utah Valley University, US Chamber of Commerce, World Trade Center Utah, and The Wall Street Journal.
China is the United States’ third-largest trading partner, after Canada and Mexico, respectively, with total trade of more than $650 billion in 2021 according to data from the International Trade Administration. Imports from China accounted for 77% of this trade, with computer and electronic products making up the vast majority of this trade.
On the other hand, exports to China accounted for 23%, with computer and electronic products, chemicals and agricultural products being the main exported products.
Trade between the two countries in 2021 has almost rebounded to 2018 levels, but with China’s zero COVID policy and resulting lockdowns, trade could decline from 2021 to 2022.
Over the past 10 years, Utah has accounted for less than 1% of total U.S. trade with China, with exports coming mostly from computers and electronics, and imports coming largely from manufacturing. cutting edge and computer products.
For more information see China Challenge Summit.