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January/February 2015 January/February 2015 JANUARY/FEBRUARY 2015 INThe Journal of theS AmericanIG Chamber of CommerceHT in Shanghai AMCHAM SHANGHAI FEATURES 9 PRESIDENT’S REPORT PRESIDENT Kenneth Jarrett 9 A New Year and a New Century By Kenneth Jarrett VP OF PROGRAMS & ServICES Chamber President writes about plans to mark the 100th Scott Williams anniversary of AmCham Shanghai VP OF ADMINISTRATION & FINANCE Helen Ren 10 DIRECTORS EVENT SPOTLIGHT BUSINESS DEVELOPMENT & MARKETING 10 Government Appreciation Dinner Patsy Li U.S. Ambassador Max Baucus and Shanghai’s Vice Mayor COMMITTEES join the Chamber to celebrate the relationship Stefanie Myers EVENTS Jessica Wu 12 GovernmenT RELATIONS & CSR LEGAL UPDATE Veomayoury "Titi" Baccam 12 Understanding the New Visa Rules By Silvia Feng MEMBERSHIP & CVP Consulate official talks about the 10-year visa and other Linda X. Wang issues INSIGHT EDITOR-IN-CHIEF Bryan Virasami 19 COVER STORY SENIOR ASSOCIATE EDITOR The ‘New Normal’ Era Silvia Feng 19 A team of highly regarded China experts talk about the INTERNS Veronica Hernandez Year of the Sheep and what to expect Alison Wallach DESIGN Alicia Beebe PRINTING INSIGHT STANDARDS Mickey Zhou 5 Movers & Shakers 7 FTZ Digest Snap Printing, Inc. CELEBRATING 100 EXECUTIVE READING ROOM INSIGHT SPONSORSHIP (86-21) 6279-7119 ext. 5667 The Dollar Family 2015 Reading List Story ideas, questions or 36 50 comments on Insight: Please contact Bryan Virasami (86-21) 6279-7119 ext. 5668 [email protected] INSIDE AMCHAM Insight is a free monthly publication for the members of The American Chamber of 40 From the Chair Commerce in Shanghai. Editorial content and sponsors' announcements are independent and do 41 Board of Governors Meeting not necessarily reflect the views of the governors, 45 Deal of the Month officers, members or staff of the Chamber. No part of this publication may be reproduced without 46 Government Relations written consent of the copyright holder. Cover DESIGN BY TIAN CHI Shanghai Centre, Suite 568 1376 Nanjing West Road Shanghai, 200040 China tel: (86-21) 6279-7119 fax: (86-21) 6279-7643 www.amcham-shanghai.org EDITOR'S NOTE s we bid farewell to the Year of the Horse captivating pieces include one about the Singer and enter the Year of the Sheep, should sewing machine company stitching its way we expect the pace of newsworthy through China. These articles will appear on Aevents in China to transition from a gallop to a the Chamber’s website and on insight.amcham- crawl? The past year has been an eventful one in shanghai.org. China with a number of dramatic developments In this first issue of the year, we hope our six – some controversial and disappointing – while China experts offer you something to think about others were groundbreaking. It certainly makes whether it’s James McGregor’s essay on Chinese an editor’s job easier with so much going on. politics, Derek Scissors’ analysis of U.S.-China It’s hard to say what will happen this year. economic ties or Kunal Sinha’s insightful piece But 2015 should be filled with interesting on how Chinese consumers are changing year by developments, at least for AmCham Shanghai, year. For the first time, Shen Jianguang of Mizuho as the Chamber prepares to mark its 100th Securities shed some light on China’s economy anniversary with a number of events starting and explains why the renminbi is poised for new with the annual charity gala. See the President’s changes in the international arena. This special Report on page 9 for a glimpse of what to expect. preview begins on page 19. BRYAN VIRASAMI One of the ways you can learn more is to We hope you enjoy this issue and please visit EDITOR-IN-CHIEF check out some of the articles about American our website regularly for updates on events and companies and entrepreneurs who launched for all our special features. We hope all of our businesses in Shanghai around 1915. These readers have a great year ahead. MOVERS AND SHAKERS COMPILED BY JUNLING CUI Movers and Shakers highlights major personnel changes within the Chinese government at various levels and senior management-level movements within multinational companies in China. DISNEY Philippe Gas was named general manager of Shanghai Disney Resort. Gas joined Disney in 1991 and headed the French park since 2008. As a 24-year Disney veteran, Philippe has extensive experience with both Euro Disney and Walt Disney Parks & Resorts worldwide. He started as a finance controller in Paris and quickly moved up. In 1997, he became director of corporate compensation in the Walt Disney Company headquarters in Burbank, California. In 2000, he served as Regional Vice President of Human Resources in Disney Asia-Pacific, overseeing the HR strategy in 13 countries in Asia. In 2004, he returned to Disneyland Resort Paris as senior vice president and got promoted to CEO of Euro Disney four years later. Gas has a law degree from the University of Paris Assas. Philippe Gas PRIVATE SECTOR LINKEDIN Yu Zhiwei recently joined LinkedIn as INTEL marketing vice president. He will report to Intel announced the appointment of Shen Boyang, LinkedIn global vice Rupal Shah Hollenbeck as vice president president and China president. Before of the sales and marketing group (SMG) joining LinkedIn, Yu was China HP vice Yu Zhiwei and general manager for Intel China Ltd. president and general manager of HP She is responsible for selling, marketing Rupal Shah Greater China software group, leading strategy making and and service support relating to products business expansion in the Greater China region. Yu has an and solutions in the region. Shah joined Intel in the United EMBA from Guanghua School of Management, Peking States in 1995 and has worked for the company for 19 years. University. Shah was previously vice president of SMG and director of the company’s Lenovo global account. From 2010 to 2012, she was GOVERNMENT managing director of Asia-Pacific sales and business development, based in Singapore. Wang Xiaohong was promoted to vice governor of Henan province. He became the FEDERAL-MOGUL MOTORPArts assistant to the governor of Henan province Federal-Mogul Motorparts recently in August 2013. Prior to that, he served as named Keith Power president for the Asia vice mayor of Xiamen city of Fujian province. Pacific region. Before joining Federal- Wang Xiaohong He also ran public security departments in Mogul, Keith Power was Managing Henan and Fujian provinces. Keith Power Director of the Automotive and Aerospace Coatings Business Unit of AkzoNobel’s Yu Xiaoming was named vice governor of Asia Pacific region. Prior to that, he held various senior sales Shandong province. He served as the and marketing positions with Bridgestone and SHV Gas. Power secretary of Heze municipal party holds a Postgraduate Certificate in Management from the committee since February of 2013. Yu is University of Glamorgan. He also completed the International from Shandong and held various positions Management Program jointly delivered by Stanford University in the provincial government from 1988 Yu Xiaoming and the National University of Singapore. to 2013. If your company has executive personnel changes, please contact Junling Cui at [email protected]. JANUARY/FEBRUARY 2015 INSIGHT 5 INTRODUCING OUR 2015 GLOBAL BOARD MEMBERS When only the Best Recruiter will do - Cornerstone International Group Chairman & CEO President Simon Wan (Shanghai) Larry Shoemaker (Atlanta) [email protected] [email protected] Chair of Quality and Chair of Member Developmint Compliance Committee EuroME & Asia, Ian Day (London) Alan Kneale (Liverpool) Chair of North and South Asia Chair of Pacific & Asean Vijay Karkare (Mumbai) David Ealson (Auckland) Cornerstone International Group takes pride in its 25 years in executive search and as trusted advisors to CEOs. Our goal is to make lasting contribution to the growth of clients and candidates alike. Headquartered in both Shanghai China and Atlanta USA, we unite an emerging market culture with a solid global perspective. With some 70 offices in key cities around the world, Cornerstone is big enough to support our clients worldwide while being entrepreneurial enough to provide flexible solutions to our clients’ unique corporate needs. A global member of the Association of Executive Search Consultants (AESC). Cornerstone applies the Code of Ethics and Professional Practice Guidelines of the AESC which are recognized as representing the highest level of service in the Executive Search industry. In China and with seven offices since 1995, we have in-depth knowledge of the China market. Awards received in China by Cornerstone include “China Recruitment Firm of the Year” and “Trustworthy HR Service Unit” Visit us at www.cornerstone-group.com to see why you can 'Achieve More With Cornerstone'™ Contact Us: Simon Wan (Shanghai), Chief Executive, [email protected] Eric Li (Shanghai), Senior Consultant, [email protected] James Ng (Shanghai), Managing Partner, [email protected] Laurie O'Donnell (Beijing) , Managing Director, [email protected] Nancy Chu (Hong Kong), Managing Partner, [email protected] INTRODUCING OUR 2015 GLOBAL BOARD MEMBERS FTZ DIGEST When only the Best Recruiter will do - Cornerstone International Group New MNCs Eye FTZ The past month saw the addition, and expansion in some cases, of a few notable multinational businesses to the list of companies registered in the FTZ. For instance, Grant Thornton, the global audit firm and consultancy, recently announced that it will soon be opening an Chairman & CEO President Simon Wan (Shanghai) Larry Shoemaker (Atlanta) office in the zone. It said in its statement that it intends to provide [email protected] [email protected] a full range of services to its clients in the FTZ, including auditing, customs, tax, finance and accounting, and consultancy.
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