Articles & Publications
From USCCC, members, sponsors and contributors.
WTO backs U.S. in chicken trade dispute with China
August 3, 2013
The World Trade Organization has ruled in favor of the U.S. in a long-standing trade dispute over allegations China unfairly imposed anti-dumping tariffs that restricted American poultry exports.
Article includes interview with Siva Yam, President of the U.S.-China Chamber of Commerce
Tags:
Tariffs/ Taxes, Trade
Marjorie Olster
GlaxoSmithKline Executive Prevented from Leaving China
July 17, 2013
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...
Preventing a foreign executive from leaving the country is bound to create a stir among Western companies, some analysts said.
“Whether it is going to create a problem for the expatriates who live in China, certainly it will have a negative impact, but I do not think it will be dramatic,” said Siva Yam, president of the United States of America-China Chamber of Commerce.
But he noted: “It does not matter if they are foreign or Chinese, if they have committed a crime based on the local law then they have a problem.”
Tags:
Visas / Residency / Work Permits
By Katerina Sokou
U.S. Government Shows a New Openness to Buyers from China
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.
Tags:
Finance / Investment
By Tim Devaney
Dr. Deng Wei Donates $1M for Endowed Chair in
Physics & Astronomy at Stony Brook University
May 17, 2013
STONY BROOK, NY, May 17, 2013 – Stony Brook University received a $1 million donation from Dr. Deng Wei to establish the Yang Chen Ning – Deng Wei Endowed Chair in Physics and Astronomy. The gift was announced at a formal donation ceremony that took place in Beijing, China on May 17...
Tags:
Why does this Chinese Exec Scare America?
January 12, 2013
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
Tags:
Finance / Investment
By Meribah Knight
- 6Page 5
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)