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September 2016

DEAR MEMBERS, investment delegations from every one of China’s 31 provinces
and major cities. Representatives of Multinational Compa-
Exactly fifteen years ago on 11 December 2001, a just awoken nies from over 60 countries and regions as well as more than
Asian giant entered the global economic arena. The new mar- 50.000 professionals will have an opportunity to meet on the
kets that opened up as a result offered a potential 4.3 billion trade floors with Government Officials and Chinese counter-
consumers and were hailed as the greatest opportunity for glob- parts.
al business in decades. Since then, China has, to a degree, and
in many areas transformed itself from a state guided economy I also want to thank Mr. Charles Bennett, our United States
into a market economy. In this issue we have published a series Consul General in Guangzhou for the great support we continue
of articles which argue the various views on China including to receive from him and our amazing Consulate and it is my
China’s status as a market economy, U.S.-China Trade Deficit, pleasure to welcome our new Chief of the Consulate’s Foreign
and currency rates. Commercial Service who has joined us with a vast amount of
experience. We look forward to working with him for the next
The upcoming annual CIFIT meeting, aptly themed “Introduc- several years.
ing FDI” and “Going Global”, is a clear example of this further
drive to liberalize the world’s fastest growing economy. Finally, the world in general and the US in particular can’t do
From September 6th until 9th, we as AmCham South China without China, and vice-versa! As a member we keep you fully
will be in attendance at the annual CIFIT meeting to be held in informed of the latest Sino-US developments. By signing up as
Xiamen. The 19th China International Fair for Investment and a member you too will be in the loop.
Trade, CIFIT in short, is the world’s largest trade and invest-
ment expo of its kind. It is the only trade and investment expo I sincerely hope meeting you all at our next event!
organised under the approval of the Ministry of Commerce
of the People’s Republic of China. Since being awarded the With best regards,
“CIFIT Great Contribution” award in 2006, our Chamber hasn’t
skipped an opportunity since. In fact, over the last 14 years Harley Seyedin
AmCham South China has attended the event in ever growing President
numbers. The American Chamber of Commerce in South China
Vice Chairman
This year the Chamber will be accompanied by over a 100 of The Asia Pacific Council of American Chambers of Commerce
its corporate members to participate in this hugely important
event. CIFIT is the only event that attracts senior trade and

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