U.S. executives warned of missing the boat in the Chinese market

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While Evan G Greenberg, chairman and CEO of the Zurich-based Chubb Ltd insurance group, used the scene in a prestigious think tank in Washington to persuade US executives not to give up the Chinese market – companies from Singapore, Taiwan and South Korea invaded the US government annual SelectUSA Investment Summit in National Harbor, Maryland, to sweep up US investment targets, once the domain of Chinese competitors.

Chubb CEO Evan G Greenberg talks about China’s commitment at the Center for Strategic and International Studies (CSIS) in Washington, DC.

Greenberg used the stage at the Center for Strategic and International Studies (CSIS) to deliver a speech urging US companies to remain in the Chinese market despite the arbitrary application of the rule of law and human rights violations, as well as bottlenecks in the supply chain exacerbated by President Xi Jinpings continued Covid-19 lockdowns.

“We must commit to an interest-based approach to our economic relations with China,” Greenberg told the CSIS audience. “I strongly believe that America has been strengthened by letting its companies compete and thrive in the global market and in China.”

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