China's Turning Point is an Opportunity for U.S. firms By Siva Yam, CFA, CPA, President of the U.S.-China Chamber of Commerce and Paul Nash, Editor of China Alert, China Daily, September 22, 2011
China's economic restructuring and industrial upgrading will be a gold mine for foreign investors in coming years.
As the United States grapples with persistent economic uncertainty, China finds itself at a difficult but anticipated turning point in its economic development model. Its dominant industrial base and market-share of global trade in basic, low-cost manufacturing is weakening.
To read the full article, please see the China Daily Website. All rights are reserved by China Daily.
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.
For more information please click on the following: Investments from China or visit http://online.wsj.com/article/SB10001424052748704615504576172410117309984.html?
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....(click to see more information)
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...(see full article)
Bridging the Worldwide Business Gap. By 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..... (see attached for full article)
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......(see full presentation)
Surface Transportation and the Global Economy. By Siva Yam, April 16, 2008
With a concerted effort, China began an aggressive plan of building a national network of surface transportation. In 1992, the established a plan that designated 45 key centers for the... (see attached for full presentation)
Snatching Defeat from Jaws of Victory? Interview of Siva Yam, CFA, CPA, 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......(see attached for full article)
Are Chinese Cars Ready for the Prime Time? By Siva Yam and Paul Nash, February 26, 2006
‘There is nothing I can do with this bone,’ mumbled Cao Cao in the classic 14th century Chinese novel Romance of the Three Kingdoms, While chewing on a bare bone. ‘But,’ he continued, ‘it would be a waste to throw it
away!’ One could easily draw an analogy with the Chinese auto industry... (see attached for full article)
Is China's Economy Overheaded? By Siva Yam, September 1, 2006
The report on China’s economic growth continues to be on the upbeat note. It accelerated at its fastest in more than a decade with 11.3 per cent growth in the second quarter over the same period a year earlier. It was propelled by record trade surplus; rapid, uncontrolled expansion in capital investments; and unstoppable rise in real estate value. Just like an old Chinese saying, "Mr. Cai lost his horse, but it might be the best thing that had happened for him;" the celebration of the accelerated growth in China's economy in recent months needs to be reevaluated.... (see attached for full article)
A Plan for China By Siva Yam and Paul Nash, July 20, 2004, New York Times
After two decades of exporting their way to greater prosperity, China’s megacities are beginning to recognize the need for more imports. Economic expansion has stirred up a curious new demand in urban China — not for flashy luxury goods from the West, but for masses of farmers from China’s remote villages — a fresh generation of potential consumers that could plant the seeds of future economic growth. (Read full article)
Articles & Publications
From USCCC, members, sponsors and contributors.
Where can you go to get a U.S. Passport? Passport Centers, Agencies, Acceptance Facilities and Couriers explained!
September 13, 2021
If you urgently need a new passport, you may be tempted to seek the help of third parties to obtain a passport appointment. Be cautious. Lately we have found many third parties trying to make a quick buck during the pandemic. If you want to understand who is qualified to handle your passport, this article will help.
Travel, Visas / Residency / Work Permits
Are you familiar with the Chinese Work Permit Points System?
Do you qualify for a Class A work permit?
August 15, 2021
Getting a Chinese Work Permit notification is one of the first steps to get a Chinese Z visa (Work Visa). One way to get a work permit is through the points system. If you can qualify for a Class A work permit, it may help to facilitate some steps once you arrive in China. Do you qualify for a Class A work permit? Do a free self evaluation! (You do not need to submit the form or fill in any personal information to see the result)
Visas / Residency / Work Permits
Dalian Foreign Affairs clears obstacles for foreign enterprises.
July 19, 2021
Dalian Plus' representative, Zhang ZhanLiang accompanied Kashiyama (Dalian) Co. Ltd. directors to present a traditional silk banner（锦旗）to the Dalian Foreign Affairs Office. The Foreign Affairs Office is responsible for processing the invitation letters (PU letters) required for visa processing, and they have been extremely supportive to qualifying businesses.
In the report that was posted on the Dalian Foreign Affairs' Official WeChat account, it was said that they have received 26 banners from appreciative companies since the pandemic started.
At the time of the above-mentioned report, Dalian Foreign Affairs had issued invitation letters for 2973 foreigners who are returning to Dalian for business purposes.
Bob Kraft Featured in Newsweek's "Live & Work Around the World" Series
June 25, 2021
Friday, June 25, 2021 - IIUSA President and CEO and Founder of FirstPathway Partners, Bob Kraft, details opportunities for investors through the EB-5 program in Newsweek's "Live & Work Around the World" Series.
Finance / Investment
Book Review: Bridge the Gap by Michael Rodenberg
May 18, 2021
I’ve always been fascinated by “turnaround” stories where the underdog overcomes tremendous adversity. Bridge the Gap by Michael Rodenberg is such a story...