On July 12, 2017, the Washington State China Relations Council hosted a government and business delegation of 22 members from Guangxi Province. Guangxi is an autonomous region in southern China, bordering Vietnam. It holds one of the biggest seaports in China.
In the morning, the delegation joined a meeting with the Washington Council on International Trade (WCIT) and Harris Bricken at Harris Bricken’s Downtown Seattle office. Speaker Ashley Dutta, Vice President of WCIT, addressed the importance of trade to Washington State, especially the international trade relationship with China. Followed by Ashley’s presentation, William Perry, Partner of Harris Bricken shared with the delegation his assessment of the current US political environment and its impact on future US-China trade relations.
In the afternoon, Port of Seattle generously provided the venue for the meeting. Speakers include Robert A. Kapp, WSCRC Founding Governor; Emily Lawson, Partner of Harris Bricken; Adams Lee, Partner of Harris Bricken and Eric Schinfeld, Senior Manager Federal and International Government Relations for Port of Seattle. The topics covered during the meeting include: U.S. Anti-Dumping Policy and its impact on international trade between U.S. and China; U.S. Trade Actions on Import and Export; U.S. Custom Law reform; U.S. Customs Compliance and Enforcement; overview of the Port of Seattle and Northwest Seaport Alliance.
The delegation had an interactive exchange with the speakers and will return to China on July 17th.
On June 28, 2017, the Washington State China Relations Council ran the fourth session of its Policy Briefing Series with a content-rich panel discussion. Speakers included: Spencer Cohen, Senior Economist with Community Attributes Inc.; Andrew Batson, Director of China research for Gavekal Dragonomics; and Fabio Ghironi, Paul F. Glaser Endowed Professor in Economics at the University of Washington. Victor Chan, Vice President & Country Manager for China, Hong Kong and Singapore with U.S. Bank’s International Banking Group, and WSCRC board and executive committee member, served as panel moderator.
Spencer Cohen presented an insightful analysis of China’s market-reform policies and key elements that define “market” – free entry/exit of products; market-driven prices; capital flows; and land ownership.
Andrew Batson explained key trends in China’s market reforms: 1) China’s growth has slowed a lot, but will slow more. As China gets richer, its growth will keep slowing; 2) SOE (State-owned enterprise) stimulus spending has helped hold up growth – the retreat of the state sector has ended; 3) The quality of investment has declined – China’s return on capital has sharply declined since 2007; 4) China’s debt is high and still rising; 5) Inefficient SOEs are a growing weight on China’s economy – SOEs borrow and invest a lot while contributing less to GDP and jobs.
Fabio Ghironi presented an in-depth assessment of how much the Chinese government controls the country’s trade and the decline of Chinese state-owned exports. Prof. Ghironi also assessed the rise of protectionism across the globe and in China as well as the Chinese yuan (RMB) as the world’s fourth most-used economy, despite Chinese government efforts to accelerate the globalization of the RMB.
Over 25 representatives from representing Microsoft, Nyhus Communications, Washington Search Partners, WA State Department of Commerce, WSP, Skagit County, and the business community attend the session.
US Bank Seattle office generously provided the venue for this event.
On June 23, 2017, the Washington State China Relations Council and the World Affairs Council hosted he U.S. State Department International Visitors Leadership Program delegation with 15 government, parliamentary, and media representatives from Austria, Bosnia and Herzegovina, Bulgaria, Finland, France, Germany, Latvia, Lithuania, Moldova, Poland, Slovenia, Sweden, and the United Kingdom.
WSCRC Chairman Andy Wilson and President Mercy Kuo led a robust, interactive discussion with the delegation on the following topics: future trajectory of US-China relations; China’s one-belt-one-road initiative; China’s domestic reform and potential impact on US-China relations; China’s increasing awareness of environmental protection; Chinese technology transfer and intellectual property protection and impact on US and Chinese businesses; and US foreign policy.
K&L Gates Seattle office generously provided the venue for this meeting.
On May 23, 2017, the Washington State China Relations Council hosted a business delegation from Jiangsu province. This delegation of 28 representatives from various Chinese sectors including construction, investment, manufacturing, medical technology, etc. participated in the University of Washington’s executive leadership program and then met with Washington State business leaders to exchange information and share business opportunities.
WSCRC Board Member Yuping Wang, Partner at Davis Wright Tremaine (DWT), and her DWT colleagues advised the delegation how family businesses operate in the United States. Snohomish County representatives presented an overview of how cross laminated timber is produced in the county and different ways it can be integrated into sustainable real estate development.
Attendees represented Davis Wright Tremaine, Snohomish County and the University of Washington. Davis Wright Tremaine Bellevue office generously provided the venue for this meeting.