EXIM’s China Competition Committee Focuses on U.S. Competitiveness and Strategic Response to China’s Industrial Policies
Washington, D.C. – January 30, 2025 – The China Competition Committee (C3), an advisory committee to the Export-Import Bank of the United States (EXIM), convened this week to discuss U.S. competitiveness in the face of China’s growing industrial influence. The meeting brought together EXIM’s China Competition advisory committee members, EXIM leadership, and EXIM’s China and Transformational Exports Program (CTEP) to explore ways to strengthen U.S. businesses and address challenges posed by China’s economic strategies.
Ambassador Paula Dobriansky, Chair of C3, and Congressman Spencer Bachus III, Interim President and Chair of the EXIM Board of Directors, opened the meeting with remarks on the need for U.S. leadership in global trade. Both expressed gratitude to C3 members and EXIM leadership, particularly David Slade, Senior Counselor at EXIM and EXIM’s Beachhead Lead, for ongoing support in leveling the playing field for U.S. companies competing with China. David highlighted the priorities of EXIM’s CTEP mandate, which levels the playing field for U.S. companies competing against China and promotes U.S. leadership in innovative technologies. He also emphasized the importance of related EXIM programs that promote these goals and support U.S. industry, including the Make More in America Initiative (MMIA) domestic financing program, and EXIM’s newly announced Supply Chain Resiliency Initiative (SCRI).
China Competition Discussion
The CTEP team, joined by EY-Parthenon, provided an overview of efforts to address national security threats from China’s export-led industrial policies, which have enabled Chinese companies to dominate critical global sectors.
The meeting featured a presentation on China’s competitive landscape, including valuable insights on the risks posed by China’s industrial policies, helping inform U.S. strategies to support American companies.
EXIM’s Supply Chain Resiliency Initiative
A key highlight of the session was the introduction of EXIM’s newly approved Supply Chain Resiliency Initiative (SCRI). This innovative financing mechanism helps U.S. companies secure critical minerals for key transformational sectors. By financing foreign mines providing offtake to U.S. businesses, the SCRI shifts supply chain dominance away from China, addressing market constraints faced by U.S. companies.
C3 Advisory Committee Discussion
The session concluded with helpful recommendations and actions being taken by the C3 Advisory Committee members in support of EXIM. The members of the C3 Committee bring a wealth of expertise from diverse sectors, including government, industry, and academia, demonstrating deep experience in global trade, national security, and economic policy.
ABOUT EXIM:
The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Learn more at www.exim.gov.