Geopolitics and domestic politics were seen as a key source of volatility among CEOs and Chairmen around Asia and beyond. Trade deals with the U.S. were widely perceived as more favorable to the U.S., while tariffs were seen as lose-lose, leaving both Asian economies and the U.S. worse off in the long term.

Staying ahead will require diversifying in hi-tech sectors, boosting workforce resilience and advancing sustainable supply chains

The Asia Business Council conducted its 2024 survey of members in July and August 2024, offering a set of perspectives from CEOs and Chairmen of predominantly Asian businesses. Overall business sentiment was split, with 43 percent of respondents indicating optimism about business conditions improving in the next year, 11 percent foreseeing a worsening business environment, …

The deteriorating bilateral relationship can benefit from expert input from the business community as Beijing and Washington redraw the lines in strategic industries. Business ties can also play a stabilizing and humanizing role as dialogue channels shrink elsewhere.

Opportunities to participate in global governance and diplomacy will broaden young people’s horizons and deepen their understanding of China and the world.