The economic connection between the United States and China remains strong. Recently, the bilateral relationship has faced unprecedented challenges. In 2018, despite a decrease of new Chinese investment into the US, Chinese companies established in the US continue to grow their businesses, generate value for the US economy, increase exports to China, and directly and indirectly support millions of jobs throughout the country. Concurrently, US companies seeking further access to Chinese markets in virtually every industry have increased their investments both locally and abroad, and have succeeded in benefiting from China’s unprecedented economic transformation and the massive growing consumer class throughout China. In addition, the level of collaboration between Chinese and US companies in the US has also created substantial local benefits, while the US service industry continues to provide increased legal, financial and logistical support for Chinese companies to operate and expand in the US. Increased international trade and investment has raised real incomes, provided remarkable savings to consumers and introduced greater product variety. It has also spurred technological advances and innovation, and raised living standards in both countries lifting millions out of poverty. As the largest non-profit organization representing Chinese enterprises in the US, the China General Chamber of Commerce – USA (CGCC) aims to create value, generate economic growth, and enhance cooperation between US and Chinese business communities. We proudly serve 1500 member companies, in which the Chinese member companies have collectively invested more than $120 billion in the US and that directly employ more than 200,000 people and support over one million job throughout the US. In 2018, CGCC sponsored and cohosted numerous corporate events, increased the level and substance of dialogue between government and businesses, and expanded services to our Chinese and US members. CGCC’s website (www.cgccusa.org) leverages its unique resources by providing valuable information, reports and publications, combined with a proprietary China-US Investment Cooperation Database. At the present moment, despite the enduring progress our countries have achieved and the bonds created at the people to people level over the last 40 years, the US-China relationship is facing increased political challenges and obstacles. Nevertheless, CGCC’s focus has always been on the big picture. Our goal is to ensure that accurate and up-to-date information is made available to parties at every level of government and business, irrespective of their political or party affiliation. We believe it is only through pragmatic and direct negotiations, coupled with mutual respect, that we can resolve tensions, pursue constructive compromise, and seek common ground so that we can build upon the countless accomplishments and realize the true opportunities in today’s global society. It is our hope that this publication will continue to act as a valuable source for people to better understand Chinese companies investing in the US and the real value that investment from China brings to US companies, workers, consumers and local communities. Practice over the past 40 years has proven the benefits of bilateral investment and trade cooperation, yet there is still much that both countries can learn and gain from one another. It is my belief that while challenges and disagreements will arise from time to time, enhancing the dialogue where we have common interests and seeking compromise where there may be conflict will create both stable and sustainable levels of cooperation that will continue to benefit the people of both nations and future generations.
Mr. Ning Yuan began his career with CSCEC in 1988 and became president of China Construction America (CCA), CSCEC’s subsidiary in the Americas, in 2001. He has more than 20 years of experience in international business with significant expertise in construction and real estate. Leveraging his entrepreneurial acumen and relentless pursuit of excellence, Mr. Yuan successfully led CCA’s transformation from a small company of just 12 employees in 2000 to a highly competitive and well-recognized player in the US construction and real estate market. CCA is now the 42 nd -largest general contractor and the 10 th -largest bridge contractor in the United States and ranked the Top 25 Contractors in General Building. It is also the second-largest builder in South Florida and fourth-largest builder in New York City. Under Mr. Yuan’s leadership, CCA has completed more than 1,000 projects, many of which havegarnered prestigious awards, including the Tien-yow Jeme Civil Engineering Award, Lu Ban Award, Construction Achievement Project of the Year Award by the American Society of Civil Engineering, Project of the Year by New York State Society of Professional Engineers, Top 10 Bridges award by the Roads & Bridges Magazine, Award of Merit by ENR and the Lucy G.Moses Preservation Award. In 2014, Mr. Yuan led and completed CCA’s acquisition of Plaza Construction, which hasenhanced CCA’s building division and put the company in a stronger competitive position inthe United States. As a leader with vision, he successfully expanded CCA’s business into The Bahamas and Panama and aims to have CCA expand into other countries in the Americas. Mr. Yuan also initiated and succeeded in establishing CCA’s real estate and infrastructure investment and development platforms to serve the company’s business expansion in the Americas. With a portfolio of $1 billion, CCA has created thousands of jobs. In addition to being a successful businessman, Mr. Yuan is a keen educator. Committed to supporting initiatives that promote the delivery of quality education to youth, he travels to Harvard Business School, the Wharton School of University of Pennsylvania, Columbia University and other prestigious universities to mentor young, talented people with his inspirational experience. In 2011, Mr. Yuan assumed the office of chairman of China General Chamber of Commerce-U.S.A. During his tenure, he demonstrated his commitment to fostering business exchanges between China and the United States and having a greater impact on the economic and business cooperation between China and the United States, which contributed to his reelection in 2013. He continues to serve the chamber as vicechairman. Mr. Yuan holds a bachelor’s degree in civil engineering from Zhejiang University in China and a master’s degree in civil engineering from Leibniz Universität Hannover in Germany. He received the Asian Entrepreneur Excellence Award from the Asian American Business Development Center and the China Business Leadership Award from the US–China Policy Foundation. In addition to Mandarin Chinese, he is fluent in English, German and Russian.
Mr. Chen Xu started his banking career at Bank of China Head Office in 1990. Since then, Mr. Xu had worked successively in various departments including Executive Office, Corporate Banking Department, and London Branch before he was promoted to the position of General Manager of Olympic Affairs Department in 2004. This Department was set up specially to supervise the Bank’s effort of offering the best banking services for the Olympics where Bank of China was the sole bank partner of the 2008 Beijing Games. In August 2008, Mr. Xu was reassigned as General Manager of Financial Institutions Department, a position he held until January 2015. In January 2015, Mr. Xu was transferred to the United States and assumed the position of President and Chief Executive Officer of Bank of China USA. He now supervises New York Branch, Queens Branch, Los Angeles Branch, and Chicago Branch. Mr. Xu holds a Bachelor’s Degree in Management Information System from Tsinghua University, China, and a Master’s Degree from the University of International Business and Economics, China, major in Business Management. Mr. Xu, born in China, is married. He has a teenage daughter.