Page 4 - The South China Business Journal
P. 4

E  DITOR'S NOTE













                                Dear Members,

                                 Greetings,

                                 First, I would like to extend our       alone, the country's foreign trade rose by
                                congratulations to the Honorable David   6% year-on-year.
                                Alfred Perdue Jr. on his con rmation
                                as the new U.S. Ambassador to             Of course, this trade data came amidst
                                China. Following his Senate approval on   a new round of trade tensions, with
                                April 29th, Ambassador Perdue was sworn   the United States recently raising tari s
        Dr. Harley Seyedin      in on May 7th—timely positioning him for   on several trading partners, especially
        Winner of the 2017 Oslo Business   the pivotal U.S.-China talks in Switzerland.   China. This is why over 300 business
        for Peace Award                                                  executives, legal experts, and trade
        (Along with Elon Musk, Durren   These discussions have already yielded
        Shahnaz and Murad AI-Katib)  substantial progress, including a 90-day   professionals gathered to explore the
        Awarded by an Award Committee   pause on signi cant reciprocal tari s   implications of tari  policy changes at
        Consisting of Nobel Laureates in
        Peace and Economics     as of this writing. We warmly welcome    our special U.S. Tari s Update Seminar in
        Among few individuals in   Ambassador Perdue to his post and look   Shenzhen & Guangzhou; Navigating U.S.
        235 years to be awarded the   forward to working closely with him.  Tari  Regulations & Mitigation Tactics
        Thomas Jefferson initiated Peace
        through Commerce Medal by                                        for Businesses. The Guangzhou session
        the US Government        According to our recently released 2025   was attended by Consuls General from
        Visiting Professor, Jinan University                             over 20 countries, which further a rmed
        President, Allelon Energy Partners  Special Report on the State of Business in
        Chairman and President,   South China, China remains an important   the international relevance of the
        American Chamber of Commerce   global investment destination in spite   discussions and the Chamber’s key role as
        in South China
        Vice Chair, American Chambers of   of all of the economic turmoil in the   a convening platform for global dialogue.
        Commerce in Asia Pacific (AAP)  world. We found that a striking 84% of   Make sure you attend future seminars
                                the 316 companies that participated in   so that we can continue to support our
                                our survey plan on reinvesting in China   members navigating an evolving global
                                with 6% allotting more than US$250       market. We all have a need for proactive
                                million to expand their products and     planning and cross-border resilience in
                                services over the next three to  ve      the face of this rising uncertainty. Please
                                years. This reinvestment surge signals a   note that former U.S. Ambassador Craig
                                long-term con dence in China’s role as   Allen will address our members on May
                                a critical market for global enterprises.   19th at our Qianhai Service and Meeting
                                Of course, you can learn more from this   Center in Shenzhen. He will share insights
                                month’s event on page 13, but you can    on the recent U.S.-China talks and
                                also download the entire report from our   Washington’s perspective on trade and
                                internet page.                           tari  policies.And  nally, I hope you are
                                                                         as excited as I am about the two other big
                                 Business remains good in China.         AmCham South China events in May. First
                                According to data from the General       of all, May 17 will be a night of glamour
                                Administration of Customs, China's       and great food at our annual Spring Ball.
                                foreign trade recorded steady            This is always Guangzhou’s grandest gala.
                                performances in the  rst quarter of 2025,   You won’t want to miss all the fun and
                                with total goods trade volume growing    excitement.  Make sure you stay a little
                                by 1.3 percent year-on-year to 10.3 trillion   longer to show o  your dancing move.
                                yuan ($US1.41 trillion). China's total   While you are polishing up your dancing
                                imports and exports reached a record     shows, don’t forget to pull out your golf
                                high for the same period between January   shoes as well. Less than a week later is our
                                and March, exceeding 10 trillion yuan for   May 23 Golf tournament. I look forward to
                                the eighth consecutive quarter. In March   seeing you again soon.





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