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The executive committee first met on March 22, 1973, to begin the formation of the council, with the executive committee members being the first Board of Directors.
The council was founded in 1973 with the support of the White House, the Department of State and the Department of Commerce as the National Council for United States-China Trade.
In the first year, the Council attracted 200 members and, by 1982, this had grown to 400 members.
Phillips would serve as president of the council until his retirement in 1986.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| National Committee on U.S.-China Relations | 1966 | $13.1M | 10 | - |
| The Economic Club of New York | 1907 | $5.0M | 30 | - |
| The Aspen Institute | 1950 | $127.1M | 1,193 | 19 |
| Business Roundtable | 1972 | $42.8M | 64 | - |
| U.S. Chamber of Commerce | 1912 | $84.2M | 850 | - |
| Council on Foreign Relations | 1921 | $101.6M | 2 | 11 |
| National Association of Manufacturers | 1895 | $42.7M | 5 | 1 |
| NFTC | 1914 | $5.0M | 18 | - |
| NRSC | 1916 | $17.5M | 100 | - |
| Global Partnerships | 1994 | $1.6M | 30 | - |
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US-China Business Council may also be known as or be related to The U S -China Business Council, U S China Business Council, U.S.-China Business Council, US CHINA BUSINESS COUNCIL and US-China Business Council.