Innovation BRT Innovation Summit: Competition and Collaboration with China for Leadership in Innovation


Washington – As part of today’s Business Roundtable CEO Innovation Summit, top leaders from business, government and foreign policy participated in a panel discussion on “Competition and Collaboration with China for Leadership in Innovation.” The conversation featured Cummins CEO Tom Linebarger, former U.S. Ambassador to China Gary Locke, U.S. Senator Mark Warner (D-VA) and Information Technology Industry Council (ITI) CEO Dean Garfield. Business Roundtable Vice President Denise Zheng, who oversees technology and innovation policy at Business Roundtable, moderated the discussion.

Click the image above to watch the full “Competition and Collaboration with China” panel featuring Tom Linebarger, Gary Locke, Sen. Mark Warner, Dean Garfield and Business Roundtable’s Denise Zheng (moderator).

Highlights:

Tom Linebarger, Chairman and CEO of Cummins Inc, on doing business in China to support hiring in the United States:

"It is challenging to do business in China. We have figured out a way to succeed in [China]... in a way that's increased employment in the U.S. I’d rather participate in the market with all of those challenges than be blocked out."

Gary Locke, former U.S. Ambassador to China, Secretary of Commerce and Governor of Washington, on trade flows between the U.S. and China:

"China is America’s largest export destination outside of North America, and America is China’s largest export destination, with exports to America exceeding exports to all of the EU countries combined."

U.S. Senator Mark Warner (D-VA), Ranking Member of the Senate Intelligence Committee, on China accelerating investment in next-generational technology:

"China is making a level of intellectual investment in these areas that is rapidly approaching, passing, the United States."

Dean Garfield, President & CEO, President & CEO of the Information Technology Industry Council (ITI), on leveling the playing field in China:

"How do we deal with the inflection point we face today [with China]? And I think putting pressure on China to create a market that is more free, open and reciprocal is the way to do that."

More information about the Business Roundtable CEO Innovation Summit, including additional highlights and upcoming panels, can be found at BusinessRoundtable.org/InnovationSummit.