P. 4
ITOR'S NOTE Dear Members, to find ways to both stabilize and stimulate
the economy.
Dr. Harley Seyedin Just as the rainy spring season is a thing of the
past, the heat of the Guangzhou summer is The International Monetary Fund estimated in
President, AmCham South China slowly descending upon us once again, giving us April that China’s economic growth rate could be
Winner of the 2017 Oslo yet one more reason to stay inside. around 1.2% in 2020, which is higher than the
Business for Peace Award The good news is this month we are looking projected fall of 5.9% in the United States, but
Awardedby theAward Committeeof forward to several very interesting AmCham much lower than last year’s 6.1%. Most private
NobelLaureates inPeaceand Economics South China webinars. As many of you are worried economists put China’s 2020 gross domestic
Visiting Scholar, Jinan University about your daughters, sons, or relatives attending product (GDP) growth rate at between 1.5% and
US universities our education webinar series 2.5% this year.
will continues with U.S. University education
amid COVID-19. We have already lined up some High-end technological development remains
excellent speakers from top universities in the at the heart of China’s development strategy and
United States who will provide you with all the will likely continue to cause disputes with the
inside scoops. foreign business community and major trading
The webinar How to Best Protect Your Trademark partners. While the Foreign Investment Law
and Trade Secret in China is especially important promised equal treatment for foreign companies
as we continue to study the new laws and rules and pledged better IP protection, we still need
coming out of this year’s Two Sessions. to pay close attention to the follow-up measures.
Last year, Beijing made a concerted effort to reassure Realistically, favoritism of domestic companies
foreign investors of a level playing field in response to and discrimination against foreign players will
widespread international pushback against market continue, especially in sectors crucial to China’s
restrictions. The passing of the Foreign Investment industrial upgrading efforts.
Law was a positive step, but its success hinges on the
government’s ability and willingness to enact the law Foreign multinationals continue to require
through concrete measures. more clarity in their regulatory landscape and
The heart of this year’s sessions was a concern should grasp every opportunity to engage their
over the pace of the economic slowdown. As China government stakeholders early on as policy
continues to transition from a low wage, export- agendas are being formulated under new ministry
orientated economy to a high-end manufacturing leadership.
and consumption power, policymakers need
You can read more concerning this year’s Two
Sessions in our cover story on page 5.
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