After reaching a record $60 billion in 2016, two-way U.S.-China foreign direct investment (FDI) flows have been squeezed into a diminished position from both sides of the Pacific. In 2017 the value of completed Chinese FDI transactions dropped by over a third as Beijing re-imposed capital controls and Washington toughened screening of high-technology acquisitions. The value of newly announced transactions dropped by more than 90%. The 2018 outlook is more uncertain still. President Trump has designated China a strategic competitor, a label not applied since 2000, and Washington is contemplating a disruptive array of more restrictive China policies to respond to perceived unfairness, including greatly stepped up investment screening.
AmCham Shanghai, Rhodium Group and the National Committee on U.S.-China Relations will host an event on April 17th, 8:30-10:30 AM at Le Royal Meridien Shanghai to release a study that will shape the public debate on these urgent topics: Two-Way Street, the definitive analysis of U.S.-China FDI trends from 1990 through 2017. The event is the most important presentation of research on U.S.-China FDI of 2018, and will feature the authors and a panel discussion with U.S. and Chinese business leaders.
This program is built on the U.S.-China FDI Project (www.us-china-fdi.com) led by the Rhodium Group and National Committee in partnership with AmCham Shanghai. This event will be the China launch of the 2018 report.
8:30 AM - 9:00 AM
9:00 AM - 9:10 AM
9:10 AM - 9:30 AM
Two-Way Street Briefing by Dan Rosen and Thilo Hanemann
9:30 AM - 10:00 AM
10:00 AM - 10:30 AM
Director of Rhodium Group
Thilo Hanemann is a Director at Rhodium Group and leads the firm’s work on global trade and investment.
Thilo supports the investment management, strategic planning, and policy analysis requirements of Rhodium clients within his fields of expertise. He is also a Senior Policy Fellow at the Mercator Institute for China Studies, Europe’s biggest China think tank, located in Berlin.
Thilo’s research focuses on new trends in global trade and capital flows, related policy developments, and the political and commercial dynamics of specific transactions. One of his areas of expertise is the rise of emerging economies as global investors, and the implications for host economies and the global economy. His most recent work focuses on the evolution of China’s international investment position, and the economic and policy implications of this new trend.
President at National Committee on U.S.-China Relations
Stephen A. Orlins has been President of the National Committee since 2005. Previously, he was Managing Director of Carlyle Asia and Chair of cable and internet provider Taiwan Broadband Communications; a senior advisor to leveraged buyout firm AEA Investors; Managing Director of Lehman Brothers; and President of Lehman Brothers Asia. From 1976 to 1979, he was a member of the U.S. State Department’s legal team that helped establish diplomatic relations with China. Mr. Orlins graduated magna cum laude from Harvard College and earned a law degree from Harvard Law School. He speaks Mandarin and is a member of the Council on Foreign Relations.
Daniel H. Rosen is a founding partner of Rhodium Group and leads the firm’s work on China, India and Asia.
Dan has twenty-six years of professional experience analyzing China’s economy, commercial sector and external interactions. He is widely recognized for his contributions on the US-China economic relationship. He is affiliated with a number of American thinktanks focused on international economics, and is an Adjunct Associate Professor at Columbia University. From 2000-2001, Dan was Senior Adviser for International Economic Policy at the White House National Economic Council and National Security Council. He is a member of the Council on Foreign Relations, and board member of the National Committee on US-China Relations. A native of New York City, Dan graduated with distinction from the graduate School of Foreign Service of Georgetown University (MSFS) and with honors in Asian Studies and Economics from the University of Texas, Austin (BA).
James Liu is the President and CEO of Sailing Capital Management Co., Ltd., Chairman of the Board of Sailing Capital Management (Shanghai) Co., Ltd. and Hong Kong Sailing Capital Holding Company Limited. In June, 2011, Mr. Liu led the jobs of fund structure design and fundraising.
Mr. Liu studied in America in the 1980s and obtained doctoral degree from the University of Kansas. He then served as Managing Director of a hedge fund on the Wall Street in the 1990s. Mr. Liu was highly experienced in trading activities of equity, fixed income, futures and other derivatives in the global financial markets. With average annual trading volume over $10 billion and outstanding track record as well as good reputation, Mr. Liu was awarded one of the top fifteen influential business leaders in the globe by Wall Street Journal.
At the invitation of the Chinese government, Mr. Liu returned to China in 2000 and was designated as Deputy General Manager of Shanghai Stock Exchange. During his 12-year term of office at SSE, Mr. Liu had been taking a leading role in financial instrument innovations and maintain a fair and orderly secondary market.
Stephen M. Shafer has been President of 3M Greater China Area since October 2016, responsible for the leadership and management of all businesses of 3M’s largest overseas market, 3M Greater China Area, which includes mainland China, Hong Kong and Taiwan.
Shafer joined 3M in 2010. Before coming to China, he was Vice President of 3M Business Transformation, responsible for improving the company’s operational strategy and business model to better serve customers, enabled by a single global Enterprise Resource Planning (ERP) system. Shafer was also a former Strategic Marketing Director of 3M Safety and Security, leading several multi-billion dollar M&A projects and former Business Director of 3M Packaging Systems and Global Tapes and Adhesives.
Prior to 3M, Shafer was Associate Principal at McKinsey & Company, a top global consulting firm, from 2002 to 2010, counseling top executives on commercial optimization, strategy and performance improvement initiatives. Between 1997 and 2002, Shafer worked at Ford Motor Company and made outstanding achievements in driving profit growth, cost reduction and effective logistic management for the company. Prior to that, he was an engineer at the National Aeronautics and Space Administration, supporting various aeronautics projects.
Shafer holds a BS in industrial engineering from Northwestern University and an MBA from Harvard Business School.