CHINAMacroReporter

AmCham China Chairmen's View From China in D.C. 2017

[AmCham China & CHINADebate U.S.—China Trade/Business Series 2017] Terrific insights from leaders on the ground in China. While in D.C. the Chairmen joined us in a panel discussion and individual interviews about U.S. business in China, U.S.-China relations, trade, and much more. We present their views in a 13 part series. Sheryl WuDunn, business executive, lecturer, best-selling author, and winner of the Pulitzer Prize moderated.
by

AmCham China’s Chairman, Board of Governors & Chairman’s Circle members

|

CHINADebate

February 2, 2017
AmCham China Chairmen's View From China in D.C. 2017

AmCham China & CHINADebate U.S.—China Trade/Business Series 2017

In February 2017, the Chairman of the American Chamber of Commerce in China, along with several past Chairmen, came to Washington, D.C. for the annual Congressional 'Door Knock.' The presidents joined us while on their annual Washington 'Door Knock' visit for meetings with members of Congress and other government leaders. Terrific insights from leaders on the ground in China. While in D.C. the Chairmen joined us in a panel discussion and individual interviews about U.S. business in China, U.S.-China relations, trade, and much more. We present their views in a 13 part series. Sheryl WuDunn, business executive, lecturer, best-selling author, and winner of the Pulitzer Prize moderated.

Moderated & Interviewed by Sheryl WuDunn

Sheryl WuDunn is a business executive, lecturer, best-selling author, and winner of the Pulitzer Prize moderated.

1. Meet the AmCham China Chairmen

2. 'U.S. companies feel less welcome in China.'

3. 'On trade, reciprocity should rule.'

4. China must have innovation for its economy to grow

5. Open China’s Markets to U.S. Business

6. ‘Is Jack Ma right, will e-commerce create U.S. jobs?’

  • [Q&A] Dennis Wilder, Georgetown University, Assistant Professor of Practice & Senior Fellow at the Initiative for US-China Dialogue on Global Issues

7. ‘Has China decided Foreign Direct Investment isn't so important for them?’

  • [Q&A] Pieter Bottelier, Visiting Scholar, School of Advanced International Studies, Johns Hopkins University (SAIS)

8. ‘How do we solve the problems between the U.S. and China?’

  • [Q&A] Christine Vick, The Cohen Group

9. What's the most pressing challenge now? 

  • [Interview] Bill Zarit, Chairman of AmCham China, Senior Counselor, The Cohen Group

10. 'China's Got To Realize The Gig's Up' 

  • [Interview] James McGregor, Chairman, APCO Worldwide Greater China region | former Chairman of AmCham China (1996)

James McGregor is being interviewed by Sheryl WuDunn—executive, best-selling author, and Pulitzer Prize-winning journalist. The interview took place after a CHINADebate event at the Cosmos Club in Washington, D.C., where Sheryl moderated a panel consisting of the President of the American Chamber of Commerce in China and several of the past presidents, including Jim McGregor.

Jim McGregor is not only a long-time China business leader, he is also one of the pre-eminent China experts.

Candidate Trump was tough on China. President Trump, well, it's not clear. After his meeting with President Xi, he seemed to soften his stance in hopes of getting China's help with the North Korea nuclear program. Recently, however, he tweeted: 'While I greatly appreciate the efforts of President Xi & China to help with North Korea, it has not worked out. At least I know China tried!' Will the President now revert to form? Stay tuned.

For Jim McGregor's part, he counsels rebalancing the U.S.-China relationship...

One of the problems in the U.S. is we're always worried about the relationship. Let's make China worry about the relationship for a while. China's got to realize the gig's up, that they had a really good run, and that now it's going to be reciprocity. It's going to be fairness. If they want to do business with America and Americans, then they've got to open their markets the way we have.

If this sounds Candidate Trumpian, I should say that long before Mr. Trump came down the escalator to announce his candidacy, many long-time China folks believed that China was gaming the system and taking advantage of not only of the U.S. but also the rest of the developed world. And, that tough changes are long overdue. Amen to Jim McGregor.

So, while I agree with Jim's assessment, I also agree with his warning... 

If we don't go in there with smart policies, then there's going to be hell to pay because China is very smart and strategic, and they know what they want.
It's a complicated intertwined world of global supply chains, and we have to be very strategic and smart in the way we handle this.
So far, stirring things up is good, but, boy, we've thrown everything up in the air. If we don't bring it back down in a smart fashion, this could lead to a tit for tat trade war that neither one needs, wants, or could afford.

What we've seen so far from the Trump administration does not give a lot of confidence. Not long ago, I said to a conference in Hong Kong, 'My get tough with China agenda is finally on the table, and it looks as if the administration charged with implementing it may be filled with bunglers.' I am certainly hoping to be convinced otherwise.

11. 'Re-look WTO agreements with China.'

  • [Interview] Dennis Wilder, Georgetown University, Assistant Professor of Practice & Senior Fellow at the Initiative for US-China Dialogue on Global Issues

12. ‘Biosciences, healthcare, consumer, all opportunities.’ 

  • [Interview] John Watkins, Former Chairman of AmCham China (2009 – 2010) and senior business executive] 

13. 'China: explain why markets not open.'

  • [Interview] Lester Ross, Wilmer Hale, Partner-in-Charge, Beijing Office

More

CHINAMacroReporter

February 22, 2021
How American Free Trade Can Outdo China
‘When it comes to trade, a critical dimension of the U.S. and China competition, America is ceding the field. At the same time, China has expanded its trade footprint. When it comes to trade and investment agreements, China isn’t isolated. The U.S. increasingly is. Now we have to make up for lost ground. America can out-compete China, but first it needs to get back in the game.’
keep reading
February 21, 2021
China’s ‘two sessions’: why this year’s event is so important for Xi Jinping’s vision for the future
‘The ‘Two Sessions,’ the annual meeting of the National People’s Congress, the country’s legislature, and the top political advisory body, the Chinese People’s Political Consultative Conference, begins on March 5 and runs for about two weeks.’
keep reading
February 20, 2021
‘The Future of China’s Past: Rising China’s Next Act'
‘By the Party’s own acknowledgment, Deng’s initial arrangement has run its course. It is therefore time to develop a new understanding that will do for the Party in the next 30 years what Deng’s program did in the previous era.'
keep reading
January 31, 2021
'Ted Cruz, Chinese Communist Party Agree: Keep Hongkongers Trapped in China'
‘The bill Cruz blocked, the Hong Kong People's Freedom and Choice Act of 2020, would grant political asylum to any resident of Hong Kong who arrives in the United States, allowing them to remain in the country legally after the expiration of any other visa.'
keep reading
January 31, 2021
Analysis: China tests Biden on Taiwan, with eye on another island
‘And it is at Pratas Island where a behind-the-scenes tug-of-war is being played out between the U.S. and China.’
keep reading
January 31, 2021
'Top Conflicts to Watch in 2021: The Danger of U.S.-China Confrontation Over Taiwan'
‘While people appear to believe that the Biden administration will strive to avoid acute crisis with China over Taiwan, U.S. policy toward Taiwan only reflects half of the story. The other, and more important half is from China.’
keep reading
January 31, 2021
China Tests Biden
In today’s issue: 1. China Tests Biden Over Taiwan / 2. The UK Stands Up, the U.S. Not So Much / 3. Why Impeding U.S.-China Capital Flows Isn't Easy
keep reading
January 27, 2021
Xi Jinping: 'Why We All Just Get Along?'
In today’s issue:1. Biden Shows his Hand on China / 2. Xi Shows his Hand on the U.S./ 3. Multi-Lateralism, Chinese-Style / 4. Cooperation or 'Strategic Competition'?
keep reading
January 27, 2021
'Xi Jinping Wows Them at Davos'
‘The test for the Biden team is whether it will be tripped up by the feints toward international norms and comity that punctuate Mr. Xi’s pattern of regional aggression.’
keep reading
January 27, 2021
Part One | 'Biden’s Opening Salvo on Beijing'
‘The Biden administration is less than a week old, but its most consequential foreign-policy decisions may already be behind it.’
keep reading
January 27, 2021
'China’s Xi Champions Multilateralism at Davos, Again'
‘While Xi’s speech may have echoed similar themes from his 2017 address, today’s circumstances are markedly different.’
keep reading
January 27, 2021
'China’s Xi Warns Against Confrontation in Veiled Message to Biden'
‘Chinese President Xi Jinping issued a veiled warning against the new Biden administration’s preparations to rally allies to challenge Beijing on a range of issues.’
keep reading
January 27, 2021
'China rejects 'strategic competition' and calls on US to cooperate'
‘China wants cooperation, not strategic competition, the Foreign Ministry said Tuesday, a day after the White House said it was looking to form a "new approach" toward China.’
keep reading
January 27, 2021
'Xi Jinping at the Virtual Davos: Multilateralism with Chinese characteristics'
‘At the virtual Davos this week, Xi essentially proposed a multilateralism with Chinese characteristics—designed to ensure that international interactions be conducted in accordance with China’s perspectives.’
keep reading
January 27, 2021
Part Two | 'Biden’s Opening Salvo on Beijing'
‘China will think carefully before making its next moves, but it’s unlikely to submit tamely to American pressure.’
keep reading
January 23, 2021
‘Reasons for Increases In Cross-Border Capital Flows into China’
'Cross-border portfolio capital flows into China have been rising since 2014.'
keep reading
January 23, 2021
'Rethinking 2020: What’s Overlooked and What’s Overhyped'
‘If a single word were chosen to define US-China in 2020, “decoupling” would be a good candidate. What has been overlookedis just how little meaningful decoupling actually happened.’
keep reading
January 23, 2021
'A Complex Inheritance: Transitioning to a New Approach on China'
‘For the Biden administration to successfully transition to a new and more effective China strategy, the various existing Trump measures should not be treated in the same way.’
keep reading
January 23, 2021
‘China’s Easing of Regulations Restricting Foreign Ownership of Financial Firms’
'Foreign firms have only a tiny slice of most segments of this market; they control less than 2 percent of banking assets, for example, and less than 6 percent of the insurance market.'
keep reading
January 23, 2021
'Does Xi Jinping Face a Coup Threat?'
In today’s issue: 1. Rest easy. Xi is Safe / 2. China a Career Killer? /3. Rethinking 2020: What’s Overlooked and What’s Overhyped / 4. China’s Financial Opening Accelerates
keep reading
January 23, 2021
The struggle over chips enters a new phase
In the 20th century the world’s biggest economic choke-point involved oil being shipped through the Strait of Hormuz. Soon it will be silicon etched in a few technology parks in South Korea and Taiwan.’
keep reading
January 23, 2021
'Why Chinese Companies are Having a Tough Time Recruiting in the U.S.'
‘I have seen senior executives who take on very public roles within some of these Chinese companies find that their life after those companies has been more limited. It even has a bit of a taint. A bit like working for tobacco.’
keep reading
January 23, 2021
H.R. McMaster: 'Biden would do the world a favor by keeping Trump’s China policy'
‘No doubt the Biden administration will see ways to improve the strategic framework we devised, but continuity with the approach is essential.’
keep reading
January 23, 2021
'Does Xi Jinping Face a Coup Threat?'
‘So if you're an autocrat, you really have to be nervous about what's the military doing and is the military coming after me?’
keep reading
January 23, 2021
‘China’s Financial Opening Accelerates’
‘Despite predictions by some observers that the United States and China are headed for a “decoupling,” China’s integration into global financial markets is accelerating.’
keep reading
January 22, 2021
Confronting the Challenge of Chinese State Capitalism
‘When a U.S. or European firms compete against, say, COSCO Shipping or Huawei, it is the entirety of the Chinese government’s balance sheet that it must contend with, not just an individual firm.’
keep reading
January 20, 2021
'When it comes to China, Team Biden sounds a lot like Team Trump'
‘As Biden has announced his picks for cabinet positions and senior policy advisers, it has been almost impossible to distinguish his new team's China rhetoric from that of the departing Trump officials.’
keep reading
January 20, 2021
'When it comes to China, Team Biden sounds a lot like Team Trump'
In today’s issue: 1. Biden's China Hawks / 2. Keep Trump's China Policy [?] / 3. Breaking Down Biden's China Challenges
keep reading
January 16, 2021
'Jack Ma Misreads Xi Jinping'
"The reason why Jack Ma and others could build enormous Internet companies is because the Party had no idea what they were doing. They became famous globally and made China look very good, but then the Party had to figure out how to get their arms around them."
keep reading
January 16, 2021
'China: Taming the Overshoot'
‘We expect GDP growth to improve to 7.1% in 2021 from 2.2% in 2020.Realized growth will likely overshoot potential growth in 2021, but from a policy perspective, we expect that the authorities would prefer to avoid an aggressive overshoot in one particular year in exchange for a smoother and more sustainable growth profile over the next five years.’
keep reading
January 16, 2021
'Financial Technology Is China’s Trojan Horse'
‘Chinese fintech firms function like a geoeconomic Trojan horse.’
keep reading
January 16, 2021
'Where in the World is Jack Ma?'
In today’s issue: 1. Where in the World is Jack Ma?'The CCP's Ambivalence about the Private Sector’‘Jack Ma Misreads Xi Jinping’ / 2. China’s Fintech Threat‘Financial Technology Is China’s Trojan Horse’ / 3. 2021 Economic Outlook: Sunrise in a Fractured World’ | CHINA
keep reading
January 13, 2021
'Kurt Campbell, Biden’s pick for a new NSC Asia position, should reassure nervous allies'
‘Asia watchers in Washington and America’s Asian allies should be reassured that Biden is planning to elevate the importance of the Indo-Pacific region by creating this coordinator role and staffing it with someone so senior.'
keep reading
January 13, 2021
1. 'Restoring Balance'
‘China’s growing material power has indeed destabilized the region’s delicate balance and emboldened Beijing’s territorial adventurism. Left unchecked, Chinese behavior could end the region’s long peace.’
keep reading
January 13, 2021
3. 'Forging Coalitions'
‘The principal challenge facing the United States is to bridge European and regional approaches to Chinese challenges.’
keep reading
January 13, 2021
'How America Can Shore Up Asian Order'
‘This combination of Chinese assertiveness and U.S. ambivalence has left the Indo-Pacific region in flux.'
keep reading
January 13, 2021
2. 'Restoring Legitimacy'
‘Negotiating Beijing’s role in this order is the most complex element of the overall endeavor.’
keep reading

Heading

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.