WSCRC

Washington State China Relations Council

  • HOME
  • ABOUT US
    • Mission and History
    • Board of Directors & Staff
    • Washington State China Relations Fund
  • MEMBERSHIP
    • Membership Levels
    • Member Directory
    • Member Spotlight
  • EVENTS & PROGRAMS
    • Events Calendar
    • Recent News
    • Videos & Webinars

Oct 05 2018

Corporate Executive Briefing Series: Doing Due Diligence in the China

On October 4, 2018, the Washington State China Relations Council held its fifth session of the Corporate Executive Briefing Series, featuring Dane Chamorro, Senior Partner at Control Risks Asia Pacific business. A former US diplomat, Dane was previously Director of Global Risk Analysis for the Asia Pacific region and Managing Director of the company’s North Asia business, encompassing Greater China, Korea and Mongolia. The Corporate Executive Briefing Series is a series of conversations which aims to provide a unique venue in which Washington business owners and executives can substantively increase their knowledge of commercial engagement with and in China.

Control Risks is a specialist global risk consultancy that helps organizations succeed while remaining secure, compliant and resilient. Drawing from his extensive experience working throughout China and Asia for Control Risks, Dane discussed how President Xi Jinping is altering the Chinese economic and political landscape in a manner that emphasizes a Party led, regulatory driven model governing data, capital, social control. This “alternate ecosystem” will require foreign operators to adapt to new rules, and standards. Using the example of increased steel production in provinces outside of Beijing’s vicinity despite regulatory pressure, Dane explained the motives and targets of the Chinese government’s massive reorganization led by President Xi.

In terms of foreign involvement in China through businesses, investment, and other avenues, Dane cautioned that trade conditions will worsen before they improve as the US-China trade dispute unfolds. He cited a few specific ways in which US companies will be impacted, concluding that foreign manufacturers are likely to benefit in the short term and see some business growth. However, multinationals will remain disadvantaged in the longer term as they are unlikely to have equal opportunities as local competitors, given the national and local resources and support that local Chinese companies can access, and the operational and regulatory obstacles that foreign companies are facing.

The Q&A session addressed the changing role of due diligence in the China market during this moment in US-China relations, as well as the experience of US businesses working with Chinese partners. In answering an audience question about precautions companies should take before doing business in China, Dane called attention to the need for a comprehensive appraisal of a businesses and prospective partners, especially to establish assets and potential liabilities.

WSCRC extends thanks to WSCRC board member Sean Connell for serving as a moderator for the event.

Summary author: Mengyao Liu

Written by · Tagged: Business, China, corporate, due diligence, trade

Search

Language Option

Social Media

Address

Washington State China Relations Council

1301 5th Avenue, Suite 1500 Seattle, WA 98101-2611

Tel: (206) 441 - 4419

E-mail: info@wscrc.org

Contact Us

Copyright ©2021 Washington State China Relations Council. All rights reserved.

Copyright © 2021 · Altitude Pro on Genesis Framework · WordPress · Log in

Events

  • WSCRC 40th Annual Gala | Pre-Gala Networking Event -
    01/28/2021 5:00 pm - 6:00 pm
    • The WSCRC invites all Virtual Gala registered guests to participate in a pre-Gala networking event on January 28th. At this zoom event, gala participants will have the opportunity to virtually meet other participants who will attend the Feb. 2 event....
      • WSCRC EVENT
  • WSCRC 40th Annual Gala - Resetting U.S.-China Relations -
    02/02/2021 6:00 pm - 7:30 pm
    • The Washington State China Relations Council, the oldest state level organization devoted to improving ties with China, will hold its 40th annual gala (virtually) on February 2, 2021. The event will feature internationally recognized China experts to share their insights...
      • WSCRC EVENT
  • WSCRC Virtual Gala Take-out Dinner Menu Options -
    02/02/2021 6:45 pm - 10:00 pm
    • In May 2020, the WSCRC and WSCRF joined forces with the Chinese Chamber of Commerce and the Tsinghua GIX North America to co-organize the Food with Love Program, a meal donation program to frontline workers and those experiencing food insecurity....
      • WSCRC EVENT