On October 10th, China General Chamber of Commerce-USA (CGCC), CGCC Foundation and CGCC-Los Angeles hosted the “Chinese Investment in the U.S.: The Path Forward” in Los Angeles. About 150 guests from CGCC member companies, government officials, think tanks, and other organizations attended the event.
Zhao Chunli, Vice Chairman of CGCC Los Angeles and Executive Chairman of CHTH(USA), INC and Yuan Hao, Commercial Consul of the Consulate General of The People’s Republic of China in Los Angeles delivered welcome remarks.
In his welcoming remarks, Zhao said, “There is no question that the US-China relation is the most important bilateral relationship in the world. History has shown us that economic and trade cooperation have brought enormous benefits not only to the U.S. and China, but to the people around the world.”
Yuan later acknowledged the significance of CGCC’s efforts in maintaining and facilitating economic and trade relations, “Over the past year, CGCC and all its members have worked hard to actively fulfill their social responsibilities, promote exchanges and cooperation between Chinese and American companies, and promote local economic and social development.”
As the keynote speaker of this event, Kevin Klowden, Executive Director of Milken Institute’s Center for Regional Economics and California Center emphasized that, “The connection between the world’s two largest economies is very deep and profound, and is not one easily unraveled by the current trade dispute. But there is no question the current conflict is having a profound effect here in America. The key to understand is how can companies navigate the current troubled waters- and how can we find a way to plan for a productive future?”
Evan Pan, Research Associate at China General Chamber of Commerce-USA, presented the key findings of CGCC’s 2019 Annual Business Survey Report on Chinese Enterprises in the U.S.
Following the presentation, a panel discussion titled,“Chinese Investment in the U.S.: The Path Forward,” provided unique insights along with best practices for both U.S. and Chinese businesses operating in the U.S. Panelists shared their insights on the latest development of the U.S.-China economic relationship, the new challenges and risks that companies are facing in the international and local market, and the importance of community engagement in corporate strategy. Mike Walter, Principal Anchor of CGTN-America, moderated the panel. The panelists included Martin Maciak, Head of Asia Origination & RMB Internationalization, Stephen Cheung, Executive Vice President of the Los Angeles County Economic Development Corporation, Lewis Liu, Vice President of Business Development & Strategy at Karma Automotive and Judy Zhu, Vice President of Synear Foods USA.
Xu Chen, Chairman of CGCC and President & CEO of Bank of China USA delivered his closing remarks and thanked all the guests for their support of this event. Based on the conversation of the panel discussion, Xu reflected on the point of corporate social responsibilities. He said, “I believe that social responsibility holds true, even in a broader context of national discourse. Corporations act on CSR; each country should also take initiatives to fulfill their own “state social responsibility” in the international arena. Only when all countries join hands and fulfill their “social responsibility” can we achieve sustainable development of the world.”
CGCC-USA, CGCC Foundation, and CGCC-LA sincerely thanks all members and guests for their support of this event!
*Click here to view more event photos
Founded in 2005, the China General Chamber of Commerce – USA (“CGCC”) has been recognized as the largest and most influential non-profit organization representing Chinese enterprises in the U.S. Its membership consists of more than 1,500 Chinese and U.S. companies, 54 of which are ranked on the 2019 Fortune Global 500. CGCC’s mission is to create value, generate economic growth, and enhance cooperation between the U.S. and Chinese business communities. CGCC conducts extensive research and provides a broad range of programs, services, and resources to its members and key stakeholders in an effort to foster the mutual understanding, trust, and engagement between China and the U.S. As of 2018, CGCC’s Chinese member companies have cumulatively invested over $120 billion, employ more than 200,000 people, and support over one million jobs throughout the United States.
CGCC is a national organization and includes CGCC-New York (CGCCUSA-HQ), CGCC-Chicago, CGCC-Houston, CGCC-Los Angeles, CGCC-San Francisco and CGCC-Washington D.C.
About CGCC Foundation:
Established in 2014, CGCC Foundation is a 501(c)(3) tax-exempt organization. The mission of CGCC Foundation is to deepen mutual understanding and cooperation between the United States and China through research, public charity and engagement in economic, cultural and social exchanges.