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USCBC Bulletin
USCBC Hosts Washington Reception and Forecast 2007 ConferenceUSCBC held its Forecast 2007 reception and conference on February 7 and 8, respectively, in Washington, DC. More than one-third of USCBC's member companies were represented; nearly half came from outside of Washington. Guests from the US government, PRC embassy, and academia also attended the reception and luncheon. The evening reception featured remarks by Representatives Joseph Crowley (D-NY) and Mark Kirk (R-IL), PRC Embassy Deputy Chief of Mission Zheng Zeguang, and Assistant US Trade Representative (USTR) for China Tim Stratford. Rep. Rick Larsen (D-WA) and Rep. Geoff Davis (R-KY) also attended the event. The conference assembled panels of renowned China experts and opinion leaders who offered prognostications for the bilateral relationship in the year ahead. Harry Harding, director of Research and Analysis at the Eurasia Group, highlighted the growing complexity of the US-China relationship and the need for a more coordinated approach in US engagement with China. Brookings Institution Visiting Fellow Cheng Li provided an overview of the crucial 17th Chinese Communist Party Congress, which will take place later this year, and analyzed the new roster of potential powerbrokers within the PRC leadership. Jonathan Anderson, chief economist for Asia Pacific, UBS AG, forecast a stable PRC economy in 2007 with slightly higher inflation and roughly 6 percent appreciation of the renminbi against the US dollar. Anderson also noted that inflation and imports would rise over the next three to four years as demand picks up and capacity tightens. USCBC Vice President for China Operations Robert Poole discussed key operational issues facing US companies in China, which include retaining qualified employees, reinforcing government relations staff, and managing domestic media coverage. Brian Pomper and Beau Schuyler, founding partners of Parven Pomper Schuyler Inc. and former Democratic congressional staffers, concluded the morning session with a snapshot of the new Democratic Congress and its implications for China-related trade legislation. The conference concluded with a luncheon address by Deputy USTR Karan Bhatia on the Bush administration's approach to the US-China trade relationship in 2007. Bhatia also emphasized the importance of the Strategic Economic Dialogue. For Bhatia's remarks, see www.uschina.org.
Photos by sardari.com
Copyright 2007 US-China Business Council |
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