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US China conference an important forum in city.

U.S. Economic & Trade Conference will be the first comprehensive forum in New York to provide government policy guidance and professional advice to help American and Chinese companies expand into each other's markets.

George F. Donohue, Chairman of the Go Global Executive Committee, stated: "This is a great opportunity to promote your business and region to potential Chinese investors and identify new export opportunities in China. It is a unique platform to network, learn, exchange ideas and find business partners."

The confirmed roster of speakers and attendees is exceptional. The most important speech will be the keynote address from China's Deputy Commissioner of Taxation. He will be providing the most up to date news on the tax policy changes that China will be instituting. This is critical for anyone presently doing business in China or intends to do business in China. United States corporations are very concerned about how they get their profits out of China.

The topics that will be covered are current and important: The Future of U.S.--China Economic and Trade Relations; China's Taxation for Foreign Companies and Joint Ventures Post WTO; Changes in China's Foreign Exchange Regulations for Foreign Investors; Critical Legal Issues in China and the United States; How to Select Locations for your Business and Who to Partner with in China; Incentives to Locate in New York.

Some of the experts and professionals who will be in attendance are senior officials from the U. S. Department of Commerce, Deputy Commissioner Qian Guanlin of China State Administration of Taxation, Vice Governor Shen Liguo of Heilongjiang Province, Directors from New York Empire State Development and New York City Economic Development Corporation, seasoned executives from PricewaterhouseCoopers, Thacher Proffitt & Wood, Citibank, HLW, William B. May International and other firms.

Many government officials from across the United States are attending, for example the offices of The Governor of Kentucky and the Governor of Alaska just sent in their confirmations this week.

China, with a population of 1.3 billion and an explosive economy, has become the fourth largest trading partner of the U.S. ($92 billion in bilateral trade last year). China entered the World Trade Organization in 2001. Beijing was selected to host the 2008 Olympic Games and Shanghai will host the World's Fair in 2010. Urban consumer spending in China is growing 14% annually. Passenger car sales in China have soared 69% in the first nine months of 2003.

The country's new leadership, with its strong engineering education and professional background, is determined to turn China into a more active member of the world economy.

Chinese Presidents Jiang Zemin and Hu Jintao called upon Chinese companies to "Go abroad." In response to the recommendation, more and more Chinese businesses are coming to the U.S. to look for partners, license technology, market products and set up manufacturing facilities and offices. At the same time, many American companies are going to China to develop their businesses.

Donohue, who is also the President of William B. May International stated, "Because of differences between the U.S. and China in areas such as the financial systems, legal methods, language and culture, the economic and trade exchange between the two countries has not approached its highest potential. There are still many Chinese companies wishing to invest in the United States and countless American companies that want to go global."

The conference will be held on November 18 and 19, 2003 at New York's Hotel Pennsylvania.

Further information is available on the website;
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Publication:Real Estate Weekly
Geographic Code:9CHIN
Date:Nov 12, 2003
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