Articles & Publications
From USCCC, members, sponsors and contributors.
Tax rules change affects foreign nationals working in China
February 19, 2019
Are you a Chinese tax resident? Whether or not an expat has a work visa the answer may be yes. When will you need to pay Chinese income tax on overseas income? Thanks to Plante Moran for helping us find the answer.
Tags:
Tariffs/ Taxes
Alex He, Brian Wang, Yi Zhang
Is China Prepared for a Prolonged Trade War with the United States?
September 28, 2018
According to the Chinese zodiac, 2018 is the Year of the Dog (or Wùxi). In the Chinese sexagenary cycle, which historically was used for reckoning time in China, the dog symbolizes luck. According to Chinese folk religion, the year of the dog, which recurs every 12 years in the cycle, is considered a challenging year in which harmony is crucial to achieving prosperity. So far, 2018 has proven to be extraordinary in this respect, since the desire to achieve harmony in U.S.-China trade relationship—the largest bilateral trading relationship in human history—has been overshadowed by continued disputes and accusations of unfair practices...
Tags:
Tariffs/ Taxes, Trade
Siva Yam, Paul Nash
Year of the Rooster: What to expect from China’s economy in 2017 and the Potential Impact of Trump’s Trade Policy
March 31, 2017
"According to the Chinese Zodiac, 2017 is the year of the Rooster, an astrological sign associated with optimism, confidence, energy, and productivity.
The extent to which these qualities will be reflected in the performance of the Chinese economy this year will depend on whether or not the global recovery can improve China’s exports. Propitiously, China’s economy entered 2017 on firm footing......"
This article will be published in Diplomatic Courier's special G7 issue to be distributed to the delegates attending the G7 summit this year in Taorimina, Italy.
Tags:
Tariffs/ Taxes, Trade
by Siva Yam and Paul Nash
Pin Ni, Who Turned $20,000 Into A $4 Billion Company, Discusses Chinese Investments In The U.S.
July 27, 2016
Few Chinese companies have been in the U.S. as long, over 20 years. Based in Elgin, Illinois, outside of Chicago, Wanxiang America was started in 1994 as the U.S. outpost of Chinese auto parts giant Wanxiang Group.
Tags:
Finance / Investment
Ellen Sheng, an interview with Pin Ni
Revised STEM OPT Program Will Take Effect May 10
March 9, 2016
A significantly revised and broadened STEM optional practical training (OPT) program will take effect on May 10 under a final regulation slated to be published in the Federal Register on Friday. An advance copy of the rule was made available today.
Tags:
Visas / Residency / Work Permits
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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)