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Education, Trade Underscore How U.S., China Ties: Forbes

Russell Flannery 中国与全球化智库 Today

Presidents Joe Biden and Xi Jinping could take advantage of a G20 meeting later this year to meet in person, suggests Henry Wang, president of Center for China and Globalization(CCG).

Continuing high levels of U.S.-China trade and a return to pre-pandemic levels of visa issuance for Chinese students heading to the U.S. underscores how the two countries are working together at a time of heightened geopolitical disputes between them, the president of one of the mainland’s top think-tanks said at the U.S.-China Business Forum organized by Forbes China on Thursday.

“We can collaborate in many ways,” including the fight against climate change and infrastructure building in countries beyond the U.S. and China, as well as in education and trade, said Henry Wang, founder and president of the Beijing-headquartered Center for China and Globalization.  “We should not decouple,” Wang said. “We should not project ourselves as (being in) a ‘Cold War’ or even a ‘tech war,’” he said.  “We have many other things to work on.”

Differences on geopolitical issues were starkly evident in a speech by U.S. Vice President Kamala Harris in Singapore today. “We know that Beijing continues to coerce, to intimidate and to make claims to the vast majority of the South China Sea,” Harris said, according to a report by the Associated Press. “Beijing’s actions continue to undermine the rules-based order and threaten the sovereignty of nations.”

The third annual “U.S.-China Business Forum” was held online under the theme “Rebuilding Momentum.”

Hoped-for progress on agreements between the U.S. and China may have been affected by changes in top U.S. posts after the Biden administration took office earlier this year, Wang said.  Biden only last week nominated career diplomat Nicholas Burns to fill a vacancy as U.S. ambassador to China that has been open since last year.    “I can understand (Biden) has many concerns domestically,” Wang said. However, he continued, “the world cannot wait for the U.S. and China to work together.”

Wang suggested that the U.S. drop import taxes unilaterally imposed under Trump, in favor of multilateral solution at the World Trade Organization. “Let’s get the WTO revitalized,” he said, noting a scheduled ministerial-level conference there in November.  A sweeping global agreement this year on a minimum corporate taxation, supported by both the U.S. and China, also suggests a way toward other economic collaboration, Wang said.

Wang also suggested that Biden and China President Xi Jinping take advantage of a G20 meeting later this year to meet in person, and that the U.S., Europe and China hold a three-way gathering to try to work out more areas of consensus among them.

Education exchanges have picked up this summer. U.S. State Department data shows that Washington began to increase visa approvals for Chinese students in earnest in May, with the latest numbers of F1 visas – the most common type of student visa – reaching similar levels for those granted before the Covid-19 outbreak in late 2019, the South China Morning Post reported today.

U.S. Vice President Kamala Harris waves as she departs Singapore to Vietnam today. (Evelyn Hockstein/Pool Photo via AP)ASSOCIATED PRESS 

Other speakers at Thursday’s forum included (in alphabetical order): Craig Allen, president of the U.S.-China Business Council, Rich Gelfond, CEO of IMAX, Ken Jarrett, senior advisor at Albright Stonebridge Group, Mark Lasry, chairman of Avenue Capital Group, Dr. Bob Li, physician ambassador to China and Asia-Pacific, Sloan Kettering Memorial Cancer Center, Stella Li, executive vice president BYD, James Mi, Forbes Midas List member and managing partner of Lightspeed China, Dominic Ng, chairman, president and CEO, East West Bank, Laura Silver, senior researcher, Pew Research Group, George Wang, vice chairman, Zhonglu Group.

From Forbes, 2021-8-24

CCG Books

● Published by Springer 

● Edited by Wang Huiyao and Alistair Michie 

More Information

This book brings together leading international scholars and policy-makers to explore the challenges and dilemmas of globalization and governance in an era increasingly defined by economic crises, widespread populism, retreating internationalism, and a looming cold war between the United States and China. It provides the diversity of views on those widely concerned topics such as global governance, climate change, global health, migration, S&T revolution, financial market, and sustainable development.

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● Published by Springer 

● Edited by Wang Huiyao, President and Miao Lu, Vice President, Center for China and Globalization(CCG), Beijing, China 

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The internationalization of Chinese enterprises is one of the most notable aspects of economic globalization in the 21st century. Despite the 2008 financial crisis and weak global outbound investment, under the “go global“ initiative, Chinese outbound investment has gone from strength to strength, while also diversifying in terms of investment modalities, destinations, and industries. However, growing anti-globalization sentiment in some countries has also created new challenges for Chinese firms expanding internationally.

Drawing on nearly 3000 data samples, using both quantitative and qualitative research methods, this book presents unique insights into the features and patterns of Chinese enterprises’ globalization. The analysis provides a useful reference for enterprises that have already gone global and those that plan to. In particular, this book investigates challenges confronted by Chinese companies when doing business in foreign countries. It summarizes research covering three angles, namely: the current situation, causation analysis and corresponding solutions, and recommendations for firms, government agencies and other institutions.

This book provides a comprehensive overview to help readers to grasp the broad picture of the international expansion of Chinese enterprises. It has important reference value for enterprises to help devise foreign investment strategy, seize opportunities, and navigate challenges in the course of globalization.

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● Published by Edward Elgar 

● Edited by Wang Huiyao, President and Miao Lu, Vice President, Center for China and Globalization(CCG), Beijing, China 

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An excellent guide for understanding the trends, challenges and opportunities facing China through globalization, this Handbook answers the pertinent questions regarding the globalization process and China’s influence on the world.

With contributions from leading experts and international researchers, each chapter covers key topics regarding China’s participation in globalization, including: China’s new role in global economic governance; outward direct investment; China’s soft power and the implications for foreign relations; global migration, diaspora and talent. An enriching range of case studies and extensive empirical research are used to explore the successes and failures of globalization in China, and to discuss the dilemmas facing decision makers in today’s globalized world. A major contribution to the field, this Handbook offers valuable insights to China’s often misunderstood globalization process.

An essential reference for academics and researchers looking for a go-to empirical resource, this Handbook provides scholars of economics, politics and East Asian studies with an exemplary selection of contemporary research on China and globalization.

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● Published by Springer

● Authors: Wang Huiyao, President and Miao Lu, Vice President, Center for China and Globalization(CCG), Beijing, China 

The first effort to address the gap regarding higher-end talent within the scholarly work on internal labor migration in China

Provides an essential overview of the major milestones in China’s talents attraction policies, as well as several recommendations to help further improve those policies

Investigates corresponding policies in Germany, Japan, and Singapore to serve as a basis for comparison

Provides a snapshot of first-hand reference material for relevant stakeholders involved in cooperation with China

More Information

This book offers the most comprehensive, up-to-date assessment of China’s domestic and international migration. Restructuring economic development requires large numbers of educated and skilled talents, but this effort comes at a time when the size of China’s domestic workforce is shrinking. In response, both national and regional governments in China have been keen to encourage overseas Chinese talents and professionals to return to the country. Meanwhile, the Chinese government has initiated a number of policies to attract international highly-skilled talents and enhance the country’s competitiveness, and some Chinese policies have started attracting foreign talents, who are coming to the country to work, and even to stay. Since Chinese policies, mechanisms, and administration efforts to attract and retain skilled domestic or overseas talents are helping to reshape China’s economy and are significantly affecting the cooperation on migration and talent mobility, these aspects, in addition to being of scholarly and research interest, hold considerable commercial potential.

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