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The forum explored how the world’s two largest economies are navigating changes in the relationship and seeking new paths forward
On August 9th, 2022, China General Chamber of Commerce – USA (CGCC) partnered with Forbes China to host the “U.S.-China Business Forum: New Paths Forward” at Forbes on Fifth in New York City. The hybrid, invitation-only event brought together nearly 100 experts and leading executives from the U.S. and China for conversations on “navigating the changing business currents between two of the world’s largest economies and trading partners.”
The forum opened with welcoming remarks from the Chinese Ambassador to the United States, Gang QIN. “The biggest feature of the ‘new paths forward’ collaboration between the U.S. and China should be a continued emphasis on win-win outcomes,” said Ambassador Qin. “We should be optimistic about the future, but we should also face up to the difficulties on our path forward,” he added, reiterating that we need openness, inclusiveness, and active actions to improve U.S.-China trade relations.
Wei HU, Chairman of China General Chamber of Commerce - USA，
President & CEO of Bank of China U.S.A.
Wei HU, Chairman of CGCC, President & CEO of Bank of China U.S.A. gave special remarks at the event. “During these unprecedented times, it takes stronger alliances, and closer cooperation among our organizations to help U.S. and Chinese businesses better understand, engage with, and contribute to some of the most critical issues and deal-makings.”
From left to right: Lu CAO, Managing Director, Global Corporate Bank, Corporate & Investment Bank, J.P. Morgan; Abby LI, Director of Corporate Communication and Research at CGCC; James SHIH, Head of Global Projects & Legal, SEMCORP Group; Audrey LI, Managing Director, BYD America.
In the following panel discussion, Audrey LI, Managing Director, BYD America; James SHIH, Head of Global Projects & Legal, SEMCORP Group; and Abby LI, Director of Corporate Communication and Research, CGCC, shared their insights surrounding Chinese business status and sentiments in the U.S. Although challenges and pressures are mounting for most of the Chinese enterprises in the U.S. due to the geopolitical uncertainties and economic instability, CGCC’s ninth Annual Business Survey observed a slight recovery of responding companies' performances, new investments, and the satisfaction with the U.S. business environment. Successful companies like SEMCORP and BYD, with their business achievements and recent expansion plans, demonstrate that over the long-run, Chinese companies are strategically committed to the U.S. market, as it is one of the most critical parts in their global business strategies. The panel was moderated by Lu CAO, Managing Director, Global Corporate Bank, Corporate & Investment Bank, J.P. Morgan.
This year’s forum marked the first time it was held in person since 2019. Other speakers included George WANG, Vice chairman of Zhonglu Group; Stephen A. Orlins, President, The National Committee on United States-China Relations; Sean Stein, chairman of the U.S. Chamber of Commerce; Ken Jarrett, Senior Advisor, Albright Stonebridge Group; John Quelch, Dean Emeritus and Honorary Chairman of the International Advisory Board at CEIBS; Dr. Bob LI, Physician Ambassador to China and Asia-Pacific, Memorial Sloan Kettering Cancer Center; and Yue-Sai KAN, Co-Chair, China Institute.
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