Archived Publications

2014

BBC World Business Report: US and China Trade Deal 11 Nov 14 By BBC World Service World Business Report, November 11, 2014

 

A trade deal between the US and China is described as a breakthrough, but there is still so much mistrust on both sides.  We'll tak to a supporter and critic of the US and China's trading relationship.

 

To listen to the complete interview, please visit BBC World Service Podcasts & Downloads.  All rights are reserved by BBC.

Invester Visas Deliver Mixed Results for Chinese Rich, American Workers By Massoud Hayoun, March 28, 2014, Al Jazeera America, LLC

 

Over a period of 18 months, Xu Dongmei and some 250 other wealthy internationals piled $156 million into what they were told was to become a state-of-the-art Chicago hotel and conference center.

 

But the “world’s first zero carbon emission Platinum LEED certified" business hub never was.

 

Instead, it turned out to be an “elaborate” fraud to fleece rich foreigners seeking a pathway to U.S. citizenship through the investor visa (EB-5) program, according to prosecutors from the Securities and Exchange Commission (SEC).

 

Much of the cash was eventually returned to those who sunk upwards of $500,000 into the project, following acourt order obtained by the SEC. But even so, around $11 million in administrative fees remain unreturned.

 

To read the full article, please see the Al Jazeera America. All rights are reserved by the Al Jazeera America, LLC

New Oriental Education Wins By Staying On Message, By Sheila Riley, January 10, 2014, Investor's Business Daily

 

New Oriental Education & Technology offers millions of Chinese students English language training and test prep courses — all framed as a way to make dreams come true. Success through education is New Oriental's (EDU) consistent marketing theme, says George Haley, author of "The Chinese Tao of Business." And that consistency helps explain its success...
 

To read the full article, please see the Investor's Business DailyAll rights are reserved by Investor's Business Daily

2013

China Still Best Choice for Global Outsourcing, China Daily, November 5, 2013

 

CHICAGO -- China is still the best choice for global manufacture outsourcing, US experts said at the 14th US-China Chamber of Commerce's Trade Conference in Chicago on Monday.

 

 

"China is still the choice because labor in China is efficient and the relationship that many companies have established cannot be easily replaced," Siva Yam, president of the US-China Chamber of Commerce, told Xinhua.

 

To read the full article, please see China Daily. All rights are reserved by China Daily USA

 

 

US experts Welcome China's New Economic Initiatives, China Daily, September 10, 2013

 

CHICAGO -- A recent meeting of China's State Council indicated that Beijing would open up new sectors for private investment and turn more focus on economic development in inner regions, several US experts said.

 

The initiatives would "help further growth in China and has positive economic impact in both China and the US," said Elizabeth Harrington, a former board member of the CME Group, and the US publisher of Hurun Report, a monthly magazine best known for its "China Rich List".

 

To read the full article, please see China Daily's Website. All rights are reserved by China Daily USA

 

 

The Whole World had Shut the Door to Them, By Lisa Black and Dan Hinkel, Chicago Tribune, August 14, 2013

 

Siva Yam, president of the U.S.-China Chamber of Commerce based in Chicago, said few people are aware of the role that China played in creating the Jewish haven.

 

"It is very important, not just for China and the Jewish community, but for the whole world," Yen said.

 

"The Jews had nowhere to go at this time," he said. "The whole world had shut the door to them. And China at that time was also in a difficult situation. … Virtually, at that point of time, the Jews were facing death and, fortunately, they faced some avenue. It shows humanity does exist."


To read the full article, please see the Chicago Tribune Website. All rights are reserved by the Chicago Tribune.

 

 

WTO Backs US In Chicken Trade Dispute with China, The Associated Press, NPR, August 2, 2013

 

The World Trade Organization ruled in favor of the U.S. on Friday in a long-standing trade dispute over allegations China unfairly imposed anti-dumping tariffs that restricted American poultry exports.

 

The chicken dispute is part of a larger strain in trade relations between the world's two largest economies. The U.S. appeal to the WTO dates to 2011, after China said that America had engaged in dumping and had imposed tariffs on imports of so-called "broiler products," which include most chicken products, with the exception of live chickens...

 

To read the full article, please see NPR. All rights are reserved by NPR.

 

 

U.S. government shows a new openness to buyers from ChinaBy Tim Devaney, The Washington Times, June 3, 2013

 

From the AMC movie theater chain to the personal computer lines once owned by IBM to the country’s biggest hog farmer, Chinese investment in America is on a record pace, with the ring of the cash register drowning out security concerns in a rebounding U.S. economy.

 

During the past 15 months, Chinese businesses spent more on U.S. deals than in the previous 11 years combined, and — despite some high-profile rejections — the U.S. government may be more willing to allow Chinese companies to buy out their American rivals.

 

“State governments all want the Chinese investment, because they need jobs,” said Siva Yam, president of the U.S.-China Chamber of Commerce, based in Chicago. “They welcome them with open arms.

 

To read the full article, please see the The Washington Times.  All rights are reserved by The Washington Times.

 

 

'The Whole World had Shut the Door to ThemBy Lisa Black and Dan Hinkel, Chicago Tribune Reporters, August 14, 2013, Chicago Tribune

 

Siva Yam, president of the U.S.-China Chamber of Commerce based in Chicago, said few people are aware of the role that China played in creating the Jewish haven.

 

"It is very important, not just for China and the Jewish community, but for the whole world," Yen said.

 

"The Jews had nowhere to go at this time," he said. "The whole world had shut the door to them. And China at that time was also in a difficult situation. … Virtually, at that point of time, the Jews were facing death and, fortunately, they faced some avenue. It shows humanity does exist."


To read the full article, please see the Chicago Tribune Website. All rights are reserved by the Chicago Tribune.

 

 

GlaxoSmithKline executive prevented from leaving China, By Katerina Sokou, July 17, 2013, The Washington Post

China has stepped up its anti-corruption campaign against GlaxoSmithKline, blocking a senior executive of one of the world’s largest pharmaceutical companies from leaving the country.

 

The government has previously detained four executives, all Chinese nationals, accusing them of a range of wrongdoing, such as bribing doctors and others to boost sales. But the travel restrictions imposed on the company’s head of finance in China, Steve Nechelput, are unusual because China does not often block foreign executives from leaving the country.

 

To read the full article, please see the The Washington Post.  All rights are reserved by The Washington Post.

 

 

U.S. government shows a new openness to buyers from China, By Tim Devaney, June 3, 2013, The Washington Times 

From the AMC movie theater chain to the personal computer lines once owned by IBM to the country’s biggest hog farmer, Chinese investment in America is on a record pace, with the ring of the cash register drowning out security concerns in a rebounding U.S. economy.

 

During the past 15 months, Chinese businesses spent more on U.S. deals than in the previous 11 years combined, and — despite some high-profile rejections — the U.S. government may be more willing to allow Chinese companies to buy out their American rivals.

 

“State governments all want the Chinese investment, because they need jobs,” said Siva Yam, president of the U.S.-China Chamber of Commerce, based in Chicago. “They welcome them with open arms.

 

To read the full article, please see the The Washington Times.  All rights are reserved by The Washington Times.

 

 

The Evolution of the China Opportunity, Sponsored by ACG Chicago, Moderated by Siva Yam, February 20, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

美联社:WTO裁定美国赢得中美鸡产品官司2013年08月05日11:05

 

参考消息网8月5日报道

  外媒称,世界贸易组织(WTO)8月2日裁定美国在与中国的一项长期贸易争端中获胜,认为中国征收反倾销关税的不公正做法限制了美国禽肉出口。

  据美联社8月2日报道,美国的诉讼请求可以追溯到2011年,原因是中国不仅声称美国存在倾销行为,而且对进口“鸡产品”(指包括除活鸡以外绝大多数种类的生鲜鸡肉产品)征收关税。中国认为美国鸡肉生产商享受国家补贴,出口产品的价格过于低廉。 Click to see more. All rights reserved. 

Why does this Chinese exec scare America? By Meribah Knight, January 14, 2013, Crain's Chicago Business

 

Pin Ni, president of auto parts behemoth Wanxiang America Corp., does not conjure the image of a conqueror. He is small in stature and boyish in appearance, his salt-and-pepper hair the only betrayal of his 48 years. He's also quick to admit he is not always right. And even when he is, he'd rather not fight about it.

 

For the president of a $2.5 billion corporation that's spent two decades gobbling up foundering U.S. companies—saving more than 3,000 American jobs in the process—Mr. Ni is remarkably low-profile. He eschews most media interviews, drives himself to work in his Lincoln MKZ, flies economy and prefers Super 8 hotels.


To read the full article, please see Crain's Chicago Business. All rights are reserved by Crain's Chicago Business

2012

China Needs to Change its Trade Strategy. By Siva Yam, CFA, CPA, President of the U.S.-China Chamber of Commerce and Paul Nash, Editor of China Alert, China Daily, June 1, 2012

 

Country cannot rely old pillars to prop up economy

 

For several decades, China has built its economic strategy on four pillars: exports, foreign direct investment, fixed-asset investments and domestic consumption. Of these exports have played a vital role- they have drawn in FDI, underpinned investment in fixed assets and fueled domestic consumption.

Since the global financial crisis, China's export to its two largest customers - Europe and the United - have slowed down significantly, giving a new sense of urgency to the government's current plan to lift the nation's manufacturing base up the value chain.

To read the full article, please see the China Daily Website. All rights are reserved by China Daily.

How China's Economy Must Change. By Siva Yam and Paul Nash, May 16, 2012. The Diplomat

 

Mao Zedong, China’s “Great Helmsman,” was a keen student of history. It was for this reason, perhaps, that he was able at times to prognosticate with uncanny accuracy. He once predicted that “the natural forces of capitalism are about to stir among China’s farmers. If these forces go unchecked, society will become polarized. In the end, both the poor and the newly rich will become discontent..." (Click to see full article)

2011

​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)

 

2010

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)

2009

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)

2008

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)

2007

2006

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)

2005

2004

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)

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