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***The Chinese Consulate will be closed for
Chinese New Years on January 23rd to January 25th. The Vietnamese
Consulate will also be close on January 23rd to January 25th to
celebrate Vietnam's Lunar New Years. Please send your
visa applications accordingly. The India
consulate, the Brazil consulate and the US Department of State will be
open.***
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Message From The President,
January 2012:
MESSAGE FROM SIVA
YAM:
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SEASON’S
GREETINGS; TRADE CONFERENCE FOLLOW-UP; AND UPCOMING EVENTS
Happy New Year! We thank you for your kind support and look forward to
working with all of you in the coming years! May Year 2012 and the
coming Year of the Dragon bring all of you happiness, prosperity, good
health and fortune!
UPCOMING EVENTS
15th Annual
Chinese New Year Celebration Dinner – Friday, January 27, 2012,
Chicago, IL
On Friday, January 27, 2012, we shall be hosting our 15th Annual
Chinese New Year Celebration Dinner in Chinatown, Chicago. A
traditional Chinese dinner will be served. The Honorable Yang Guoqiang,
Consul General of the People's Republic of China will join us in
celebrating the arrival of the Year of the Dragon. Dr. William Testa,
Vice President of The Federal Reserve Bank of Chicago will also return
to comment on the state of the economy. Performance will immediately
follow the dinner. For more information or to register,
please click on
the following: New Year Invite 2012.pdf
INITIATIVES IN
2012
Although China continues to be the focus
of the global economy as a key player in the supply chain and export
market for U.S. companies, many U.S. companies are expanding to or
exploring other emerging countries. In the year of 2012, we are
broadening our scope to include other countries in our discussions
though our primary focus will still be on China. We are also focusing
more on selling to China as well as small and medium sized enterprises
(SMEs)....
....
>>>Click
Here
to
Read
the
Full Message
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China Alert USCCC Newsletter:
October 2011
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Since 1994 our organization has built
itself on successfully helping U.S. companies to stay competitive in
this globalized marketplace, with a particular emphasis on the
manufacturing sector. Over the past 12 months, we have witnessed many
changes that have had a profound effect on the way U.S. and Chinese
companies conduct business together.
From our perspective, companies engaged in basic manufacturing will
face enormous challenges over the next few years. This is true not only
for U.S. companies but also for their Chinese counterparts. Many
Chinese manufacturers today are struggling and the sector is shedding
jobs at a rapid clip. Conditions in China are growing less favorable to
basic manufacturing. Inflation is over 6 percent, wages are increasing,
the worker-benefit system is becoming more cumbersome, the RMB is
appreciating, population is aging, and the nation’s demographic
structure is shifting, in large measure as the result of the one-child
policy. Many low value-added manufacturing jobs are migrating to other
developing countries such as Vietnam and Indonesia, while some higher
value-added jobs are returning to the U.S. As India and Brazil
aggressively expand their economies through various incentive programs
aimed at attracting FDI to their manufacturing sectors, their capacity
will continue to expand and, in time, reach excess... ....
>>>Click
Here
to
Read
the
Full
Newsletter
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Upcoming Events
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15th Annual
Chinese New Year Celebration Dinner
On Friday, January 27, 2012, we shall be hosting our 15th Annual
Chinese New Year Celebration Dinner in Chinatown, Chicago. A
traditional Chinese dinner will be served. The Honorable Yang Guoqiang,
Consul General of the People's Republic of China will join us in
celebrating the arrival of the Year of the Dragon. Dr. William Testa,
Vice President of The Federal Reserve Bank of Chicago will also return
to comment on the state of the economy. Performance will immediately
follow the dinner. For more information or to register,
please click on
the following: New Year Invite 2012.pdf
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Reverse
Investment Forum and Match-Making Reception
Tentatively, on
Tuesday, February 14, 2012, from 9:00-11:30 am, U.S.-China Chamber of
Commerce, in co-operation with Global Alliance of SMEs and U.S.-China
Exchange Association, will host a Reverse Investment Forum and
Match-Making Reception in Chicago. About 60 Chinese business owners and
managers from 32 Chinese companies, primarily SMEs, will participate in
this event. The name list of the Delegates with their specific business
interests will be available upon request. The focus is on match-making
and one-on-one meetings. Each participating U.S. company will have an
opportunity to make a very brief introduction and be given a table for
one-on-one meetings with the Chinese Delegates. Appointments can also
be set up in advance.
This event is
by invitation only. The number of U.S. companies will be limited to
10-12. Priority will be given to Directors, Corporate Sponsors and
Members of USCCC. Additional information will be available in
about two weeks. Please feel free to contact me at 312-368-9030
directly if you have any comments.
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Other Upcoming Events:
"The Search for the Best Global Supply Chain" Workshop (1st Quarter)
"Marketing and Exporting to China" Workshop (2nd Quarter)
"SMEs Conference on China" Workshop (Summer)
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Career Opportunities
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U.S.-China Chamber of Commerce is
pleased to announce the following open position for our member
companies:
IT Administrator
For more information, please see the Career Opportunities
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View All Upcoming Events »
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Articles
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Investment
from
China (Found in the Wall Street Journal)
Many
manufacturing jobs have moved overseas, particularly to China. What has
been overlooked is that Chinese investors are investing in the U.S.
Although tales of lost jobs and repeated fights over the yuan dominate
the news, stories about Chinese investments are beginning to elbow
their way in. A recent story in The Wall Street Journal describes how
an RV company received a much-needed $310 million infusion of cash from
a Chinese investor.
http://online.wsj.com/article/SB10001424052748704615504576172410117309984.html?
That $310 million is just one of the reported $5 billion dollars of
investments in the U.S. from China. Of course, that dwarfs the more
than $55 billion that U.S. companies poured into China. But that is not
surprising considering that the U.S. is the much wealthier country...
China's
Intellectual
Property
Rights:
Foreigners
Need
to
be
Patient(A
similar
version
has
been
published
in
Chinese
in
Global
Times
Newspaper)
Article Coming Soon!
New
Regulations
For
Representative
Offices
Many foreign companies have no legal
status in China but still maintain representative offices (ROs). An RO
allows a company to have a presence in China, but an RO is not supposed
to engage in any for-profit activities. There has been some abuse of
this system by some companies that did not want to go through the
process of applying for permits to do business. Instead of obtaining
permits, those companies conducted business in violation of their
limited authority as ROs. To crack down on those violators, China
issued new regulations governing ROs. The regulations tighten the rules
for the establishment and operation of an RO by stating the activities
that an RO may engage in. In addition, the regulations now have more
teeth due to the increased fines for violations. The regulations are
effective March 1, 2011....
What
is
the
Real
Value
of
RMB?
(By Siva Yam,
CPA, CFA, President, U.S.-China Chamber of Commerce with the assistance
of Phil wong, Esp., Editor, China Alert, U.S.-China Chamber of Commerce)
A lot has changed since the day
that King George III sent an envoy to congratulate Emperor Qianong on
his eightieth birthday. That marked the beginning of a formal East-West
diplomatic relations, although King George's real agenda was for trade
and permission for missionaries to preach Christianity in China...
Opportunities
for
U.S.
and
Chinese
Companies
During
Financial
Crisis (Presentation
by
Siva
Yam,
CPA,
CFA, at the First International Tourism and Culture
Industry Forum in China, August 15, 2009)
Together US and China accounted for over 50% of world economic growth
in the first half of the decade in 21st century. However, the two
countries contributed to the world very differently......
Snatching
Defeat
from
the
Jaws
of
Victory? (Interview of Siva Yam,
CPA, CFA, Greg Burnard, Shanghaistar Business Journal, March 3, 2008)
Over the past 20 years, China has dispatched trade ministers beyond its
borders in an attempt to lure the globe's biggest manufacturers to
Shanghai and other cities across the nation. But now, much of the
emphasis is on call centers, computer programming and high tech, and
that could have serious negative consequences......
Bridging
the
Worldwide
Business
Gap (Aricka Flowers, China Daily,
March 9, 2009)
(Redistributed with Permission from China Daily)
Siva Yam knows business - especially when it comes to US and Chinese
relationships.
For the past 10 years, Yam has been president of the US-China Chamber
of Commerce (USCCC), which focuses on fostering trade and investment
activities between the two countries.
During his stint as president of the USCCC.....
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