Ford’s chief executive officer, Mark Fields, has been appointed as the new chairman of the US-China Business Council, a private, nonprofit organization of around 210 American companies that have ties to China.
The group recently announced the installment of Fields, while new officers and directors were also added to the management board. “The United States has a significant economic interest in our relationship with China — much more than we did five years ago or ten years ago,” said USCBC President John Frisbie.”China currently is at least a $350-billion market for American companies and it should probably be more than that. Under Mark’s leadership, USCBC will continue to expand business opportunities.” Fields is well acquainted to the Chinese business climate as the automotive industry is heavily reliant on the largest auto market in the world and Ford, the second largest US automaker, has been aggressively pushing for growth there – increasing its production output and introducing numerous new models. The carmaker also brought last year its luxury sibling, the Lincoln brand ina abid to expand its presence on the luxury market as well.
Among the other elected officials for the US China Business Council we could name Robert Iger, CEO of Walt Disney; Paul Conway of Cargill, and Indra Nooyi, CEO of PepsiCo. Fields said the USCBC has been acting as a bridge maker for commercial relations between the two countries since 1973 and its importance is constantly growing as more US companies are now delivering more goods and services in China.