2017 ANNUAL REPORT

1 | Annual Report 2017 AMERICAN LEADERS AND POLICYMAKERS FROM BOTH PARTIES have pursued a policy of constructive engagement with for almost five decades that has fostered robust economic and academic ties, advanced peace in the Asia- Pacific, and helped bring China LETTER FROM THE into the international system. MISSION Constructive Sino-American relations have benefited both CHAIR & PRESIDENT countries and the entire global community, underscoring the values of the National Committee’s founders, who believed that engagement was better than estrangement. However, THE NATIONAL COMMITTEE ON -CHINA RELATIONS as the United States and China approach the 40th anniversary of the establishment of is a nonprofit educational organization that encourages understanding of diplomatic ties, the many benefits of the fruitful relationship are being tempered by mounting challenges. China and the United States among citizens of both countries. The Committee focuses its exchange, educational, and policy activities on politics and security, We are at a point where fear and mistrust on both sides are straining the bilateral governance and civil society, economic cooperation, media, and transnational relationship, creating misunderstanding, and causing some to question the very issues, addressing these with respect to mainland China, Hong Kong, and . concept of constructive engagement. In this challenging time, the National Committee The Committee’s programs draw strength from its members, who number is both obligated and uniquely positioned to play a leading role in navigating relations more than 900 Americans from all parts of the country, and 80 corporations and between the world’s two greatest powers. This century’s pressing transnational issues – professional firms. They represent many viewpoints, but share the belief that terrorism, economic crises, climate change, pandemics, the use of artificial intelligence and big data, peace on the Korean peninsula – cannot be solved if we treat China as productive U.S.-China relations require ongoing public education, face-to-face an adversary and if our two countries do not work together. Constructive engagement contact, and the forthright exchange of ideas. has not failed; it simply needs to be retooled to meet challenges that the National Committee’s founders could never have envisaged.

For more than half a century, we have served as a vital bridge between the two countries, addressing challenges by developing innovative programs that engage policymakers, leading professionals, and next generation leaders from both sides of the Pacific. Among our many activities and initiatives, the Committee enables members of Congress to experience China firsthand and meet a range of people there; conducts high-level dialogues to address today’s most critical issues; convenes future leaders from both countries to better understand one another; develops the professional capacity of influential NGO leaders and academics; and educates the public, journalists, and students about issues affecting the bilateral relationship and Greater China through public programming and online resources.

The National Committee is grateful to its members, partners, and contributors, without whom our efforts would not be possible. Your invaluable support contributes to a more peaceful and prosperous future, where a Sino-American relationship built on trust, mutual understanding, and cooperation will benefit everyone. We believe that engagement matters – to the United States, to China, and to the world.

CARLA A. HILLS STEPHEN A. ORLINS Chair President

2 | Annual Report 2017 National Committee on U.S.-China Relations | 1 50TH 50TH ANNIVERSARY Anniversary CHINA EVENTS

TO MARK ITS 50TH ANNIVERSARY, the National Committee honored its rich history To conclude the celebration of the National while looking toward opportunities and challenges facing the U.S.-China relationship in Committee’s 50th Anniversary, a special delegation of NCUSCR directors and supporters visited the future. Celebrations began in January 2016 and lasted through December 2017. for activities that included meetings with Chinese Vice Premier Wang Yang, new Politburo member and State Councilor , and GALA DINNER U.S. Ambassador to China . The On November 20, 2017, more than 500 guests gathered at The Plaza Hotel for a group was led by National Committee Chair Carla Ambassador Zhang Qiyue, Consul General of the People’s Republic of China in ; Hills, who received Vice Premier Wang’s and Ambassador Liu Jieyi, Deputy Head, Taiwan Affairs Office; and NCUSCR Executive Vice Gala Dinner honoring the Microsoft Corporation and Qualcomm Incorporated, and Chair Maurice R. Greenberg, Beijing, December 2017 bringing to a close the National Committee’s 50th Anniversary Campaign to fund State Councilor Yang’s congratulations on the future programming. organization’s 50-year history of facilitating strong and stable bilateral relations. Business leaders, public officials, and senior Chinese diplomats were among the celebrants gathered to support the National Committee’s ongoing mission, During its visit, the group also had a luncheon and to recognize Microsoft Corporation President Brad Smith and Qualcomm with Vice Foreign Minister Zheng Zeguang; a Incorporated Executive Chairman and Chairman of the Board Dr. Paul E. Jacobs roundtable discussion with Chinese scholars, Harry Shum, executive vice president for their companies’ significant contributions to the Sino-American relationship. of Microsoft’s Artificial Intelligence and diplomats, and policymakers; and a dinner Renowned composer and Young Leaders Forum fellow Huang Ruo led Ensemble Research group, and NCUSCR Executive Vice reunion with 88 friends and past NCUSCR Chair Henry Kissinger at the 2017 Gala Dinner FIRE in a musical performance. program participants. On the final day, the delegation enjoyed a private tour of the Forbidden City and a special dinner at the Palace Museum.

NCUSCR Chair Carla Hills and State Councilor Yang Jiechi, Beijing, December 2017

LEADERS SPEAK The National Committee’s flagshipLeaders Speak series highlighted the insights and perspectives of leading decision-makers in the U.S.-China relationship, with a view to the challenges and opportunities in the future of Sino-American cooperation. Each panel in the two-year series featured former U.S. cabinet officers, global business leaders, or U.S. military figures, interviewed by National Committee President Stephen Orlins.

Defense Secretaries* Treasury Secretaries Harold Brown, William Cohen, , Michael Blumenthal, Timothy Geithner, Jacob Lew, and William Perry and

Commerce Secretaries & U.S. Trade Representatives* Business Leaders Barbara Franklin, Carla Hills, and Susan Schwab Olivier Brandicourt, Peter Cohen, and Ellen Kullman

National Security Advisors* U.S. Pacific Command (PACOM) Commanders Richard Allen, Stephen Hadley, and Robert McFarlane Timothy Keating, Samuel Locklear III, Dennis Blair, and Member of the 1972 Chinese Table Tennis Delegation to the Joseph Prueher (pictured above) United States, Liang Geliang, and NCUSCR Vice President NCUSCR President Stephen Orlins and U.S. Ambassador to China Terry Branstad, Secretaries of State* Jan Berris, Beijing, December 2017 Beijing, November 2017 Madeleine Albright and Henry Kissinger *2016

2 | Annual Report 2017 National Committee on U.S.-China Relations | 3 NCUSCR BY THE PEOPLE NCUSCR IN 2017

National Committee programs cultivate sustained, thoughtful interchange between By Program Area influential leaders from both sides of the Pacific.

FOR MORE THAN HALF A CENTURY, the National Committee has been a leader in promoting constructive U.S.- China relations. Its ongoing exchanges, dialogues, conferences, and delegations bring together a wide range of policymakers, corporate leaders, academics, entrepreneurs, professionals, military personnel, and students from both sides of the Pacific. Through public outreach and educational events, the Committee stimulates public discussion and facilitates the exchange of ideas and viewpoints. The four categories below were the foundation of the National Committee’s work in 2017, along with its 50th anniversary events. Program highlights from each category are spread across the next several pages; for a complete listing of all programs and events that took place in 2017, turn to the program Former National Security Advisors U.S. Presidential Scholars Chinese Graduate Students index on page 14-17. CHINA Town Hall Student Leaders Exchange U.S. Foreign Policy Colloquium

POLICYMAKERS Informing policy leaders on both sides of the Pacific

Former Cabinet Officers Leading Economists Barnett-Oksenberg Lecture Track II Economic Dialogue & on Sino-American Relations Forecast of China’s Economy TRACK II DIALOGUES Fostering ongoing dialogue and cooperation around the most sensitive issues facing the bilateral relationship NEXT GENERATION

Business Leaders Changemakers Under 40 Developing the capacity of future leaders Leaders Speak Series Young Leaders Forum PUBLIC EDUCATION Providing balanced information that contributes to a more thoughtful, Congressional Members Congressional Delegation nuanced discussion on Sino-American relations and Greater China

Young China Specialists NGO Workers Public Intellectuals Program Professional Fellows Program

4 | Annual Report 2017 National Committee on U.S.-China Relations | 5 CONGRESSIONAL EDUCATION U.S.-CHINA FDI PROJECT Continuing a long tradition of congressional This initiative aims to provide education—the Committee sent the first delegation greater transparency on of congressional staffers to China in 1976, even foreign direct investment before the normalization of relations—the National (FDI) flows between the Committee today regularly organizes delegations of United States and China. members of Congress and their staff to China. In 2015, NCUSCR and Rhodium Group launched Congressional Members a groundbreaking study, New Neighbors, adding an important In September 2017, the National Committee sent new component to discussions on bilateral investment, marking a group to Beijing, Tianjin, Jinan, and Qufu. The China’s arrival as an exporter, not just a recipient, of FDI to delegation was led by the two co-chairs of the advanced economies. The release of the Two-Way Street report, bipartisan congressional U.S.-China Working Group, in 2016, extends the conversation, unveiling a fully comparable Representatives Darin LaHood (R-IL) and Rick account of deal flows in each direction. These studies provide Larsen (D-WA). Meetings focused on Sino-American accurate data and objective analysis to help policymakers, relations, including agriculture, aviation, environmental communities, and businesses better identify opportunities for protection, and North Korea. The delegation met with growth and respond to questions and concerns about a new Chinese Vice Premier Wang Yang; Madame Fu Ying, dimension of Sino-American economic activity. chair, Foreign Affairs Committee, National People’s Congress; vice ministers of various ministries including New Neighbors: 2017 Update Foreign Affairs, Agriculture, Environmental Protection, Chinese Investment in the United States by and the Central Military Commission; foreign and local Congressional District NGOs; American and Chinese business leaders and Rep. Rick Larsen (D-WA) meets with Madame Fu Ying, chair, Foreign Affairs Committee, journalists; and provincial and municipal officials. Chinese investment into the United States tripled in 2016 to National People’s Congress; Congressional Members Delegation, Beijing, September 2017 $46 billion. Chinese firms now have operations in 98 percent Congressional Staff of congressional districts and employ more than 140,000 Americans. This report delivers cumulative FDI values, In 2017, the National Committee sent three numbers of operations, and jobs provision by region, state, and congressional staff delegations to China, composed of each of the 435 U.S. congressional districts, identifying trends senior aides from both the Senate and House, and from as well as areas of the U.S. economy with the potential to D.C., state, and district offices. Delegation members attract additional Chinese investment. met with Chinese and American government officials, business and NGO leaders, journalists, and scholars, to Two-Way Street: 2017 Update POLICYMAKERS discuss China’s economic development, trade, ethnic minority policy, environmental challenges, poverty U.S.-China Direct Investment Trends alleviation, and tensions with North Korea, along with Two-way FDI flows between the United States and China Informing policy leaders on both sides of the Pacific other key issues. reached $60 billion in 2016—more than any other year in history—establishing a new benchmark in the bilateral economic relationship and generating increased debate about THE EDUCATION OF SENIOR programs in this area provide opportunities to the consequences. The gap between Chinese FDI in the United POLICYMAKERS—including military leaders, interact with key officials, learn firsthand about States and U.S. FDI in China widened dramatically in 2016: Chinese invested $3 billion in the United States for every $1 business men and women, members of China’s successes and challenges, and develop billion Americans invested in China. The variety of investors and Congress and their staff—about the realities fruitful working relationships that promote target industries in two-way flows has expanded, reshaping policy of Sino-American relations is central to the informed decision-making. debates and amplifying security concerns that will continue to National Committee’s mission. Delegations and demand attention. This interactive website and report break down investments since 1990 by industry, geography, investor type, Phil Fiermonte, state director for Senator Bernie Sanders (I-VT) entry mode, ownership, and stake, providing policy and business meets students at Shexi Middle School, Ganzhou, Jiangxi leaders a range of perspectives on the data.

6 | Annual Report 2017 National Committee on U.S.-China Relations | 7 U.S.-CHINA TRACK II ECONOMIC DIALOGUE “ Our conversations at the maritime dialogue were direct, informative, and lively, with no attempt to avoid or soft-pedal the necessarily sensitive questions on the table. I look forward to our next meeting with our colleagues from China. - Jerome A. Cohen, Professor of Law & Founder/Co-Director, U.S.-Asia Law Institute, New York University School of Law

” Nicholas Lardy, Senior Fellow, Peterson Institute for International Economics; Dr. Huang Yiping, Professor & Deputy Dean, National School of Development, ; and Jeffrey U.S.-CHINA TRACK II DIALOGUE ON MARITIME Shafer, former Vice Chairman, Global Banking, Citi ISSUES & INTERNATIONAL LAW

This is the most productive bilateral dialogue format which helps us to The Track II maritime dialogue convened twice in 2017, with American and Leading American and Chinese economic “ understand our respective policies and positions on maritime issues Chinese experts on international law and maritime disputes attending thinkers and business leaders gathered and interpretation of international law. The exchanges are candid, sessions in Haikou, Hainan, and Provincetown, Massachusetts. Continuing in and Beijing for the two professional, well-structured and time-sensitive, enabling both sides a commitment to constructive dialogue on sensitive topics, the candid sessions of the National Committee’s to come away with a better appreciation of the potential as well as the discussions addressed recent maritime disputes and escalating tensions in bi-annual Track II dialogue on economic limits of U.S.-China cooperation in the South China Sea. the South and East China Seas, and explored strategies to avoid crises and relations. The meetings occurred at a – Dr. Wu Shicun, President, National Institute for South China Sea Studies promote mutually acceptable dispute resolutions. key moment in the bilateral relationship, with the U.S. administration seeking rapid progress in opening up the Chinese U.S.-CHINA TRACK II DIALOGUE market to boost American exports, job ON HEALTHCARE creation, and economic growth, and ” the government of China preparing to In 2017, the National launch major new economic reforms and Committee established a new initiatives at the 19th Party Congress. Track II dialogue to examine healthcare issues faced by TRACK II DIALOGUES both countries and develop new ideas for improving Fostering ongoing dialogue and cooperation around the delivery and efficiency of 2017 TRACK II care. The inaugural dialogue DIALOGUES ON most sensitive issues facing the bilateral relationship brought together experts in the field, including a former • Economic Relations Dr. Gordon Liu, Yangtze River Scholar Professor FDA commissioner and a of Economics, National School of Development, member of the China State Peking University; Dr. Mark McClellan, Director • Healthcare THE NATIONAL COMMITTEE IS A LEADER in off-the-record discussions. Track II dialogue & Robert J. Margolis Professor of Business, Council Health Reform Medicine, and Policy, Margolis Center for • Maritime Issues & the field of U.S.-China exchanges and dialogues participants engage in lively debate while Health Policy, Duke University; Liu Qian, former Advisory Commission, and International Law by virtue of its capacity to conduct innovative collaborating to write a consensus agreement Vice Minister, Chinese Ministry of Health; and representatives from major Stephen Orlins, President, NCUSCR programs and its ability to respond quickly and – which is shared with both governments. healthcare companies. • Northeast Asian flexibly to new and emerging needs and issues. Dialogues are often accompanied by public Participants learned about Strategic Security Issues These ongoing programs convene American events and leadership briefings that extend challenges confronting healthcare delivery in both countries, and examined topics including biomedical innovation, population health, • Rule of Law & and Chinese political, business, academic, the impact of the discussions and help spread universal health coverage, and potential areas for cooperation. Human Rights security, and policy leaders, for closed-door, information on outcomes achieved.

8 | Annual Report 2017 National Committee on U.S.-China Relations | 9 Ambassador Wendy Sherman speaks with U.S. Foreign YOUNG LEADERS FORUM Policy Colloquium participants, May 2017 Each year, the Young Leaders Forum (YLF) holds a four-day retreat for a select group of exceptional American and Schwarzman Scholars talk with Rep. Darin LaHood Chinese young (R-IL) while touring Beijing with a Congressional professionals. Fifty Members Delegation, September 2017 current and alumni fellows attended the 2017 Forum in SCHWARZMAN Fellows participate in a teambuilding exercise in Foshan, March 2017 Foshan, Guangdong SCHOLARS PARTNERSHIP Province. In 2017, the National Committee established a unique partnership with the Schwarzman Scholars program, made possible by a $2 PROFESSIONAL FELLOWS PROGRAM million gift by Blackstone Chairman, CEO, and This two-way capacity building exchange focuses on emerging Co-Founder Stephen A. Schwarzman. The leaders in the fields of the environment, legal aid, philanthropy, and partnership helps prepare current scholars community building among marginalized populations, from China, and alumni for leadership roles in the bilateral Mongolia, and the United States, and is funded by the U.S. State relationship, providing opportunities to Department Bureau of Educational and Cultural Affairs. exchange views with congressional members; The Foreign Policy Colloquium encouraged me to “ observe closed-door, Track II dialogues; and join a conversation without preconceptions and put expand their professional networks through my faith in transforming differences into consensus candid discussions with established figures through informed and reasoned dialogues. in the U.S.-China policy world. Each year, one graduating scholar joins the National – Yunchu “Arthur” Wang, 2017 Participant Committee for a twelve-month fellowship in New York City, gaining hands-on experience in the field by helping to develop and implement NCUSCR programs, including biannual Left: Fellows Kevin Carrico (r) and Jiang Yi (l) with Anthony Fadale, coordinator of the seminars for fellow alumni to continue their ” Kansas Americans with Disabilities Act. Jiang was placed at Carrico’s organization, Saint Francis Community Services, in Kansas, while Carrico traveled to Chengdu, Sichuan engagement on substantive U.S.-China issues. Province, for a placement at Wuhou New Zone Youth Development Center. Right: Jiang visits another nonprofit for children’s issues in Kansas. “ One of the most meaningful NEXT GENERATION aspects of the fellowship was being able to connect current Schwarzman Scholars and alumni Developing the capacity of future leaders to the National Committee’s rich network of China experts and policy practitioners, and THE NATIONAL COMMITTEE’S LEADERSHIP These programs cultivate potential leaders help support the development

development initiatives invest in the future by early in their careers and help prepare them for Left: Fellows Bauyrjan Khuantkhan and Kara Katwaroo-Lee swapped organizations for of the alumni experience in the their placements, with Khuantkhan working at New York City’s Lawyers for Children and program’s early years. educating the next generation of Americans and leadership roles in the bilateral relationship. Katwaroo-Lee at the Norwegian Lutheran Mission in Bayan-Ulgii Province, Mongolia. ” Chinese about each other and the other country. – Marguerite Wedeman, Right: Katwaroo-Lee with an eagle hunter and eagle. Inaugural Schwarzman Fellow

10 | Annual Report 2017 National Committee on U.S.-China Relations | 11 CNBC’s Chief International Correspondent Michelle Caruso-Cabrera moderates TH a panel with Dr. Huang Yiping, Professor & Deputy Dean, National School of FORECAST OF CHINA’S 11 ANNUAL BARNETT- Development (NSD), Peking University (PKU); NCUSCR Director Daniel Rosen, Partner, Rhodium Group; Dr. Yao Yang, Dean, NSD, PKU; and Lu Feng, Director, ECONOMY FOR 2017 OKSENBERG LECTURE ON China Macroeconomic Research Center, PKU. Forecast of China’s Economy for 2017, New York Stock Exchange, January 2017 Leading Chinese economists from Peking University’s SINO-AMERICAN RELATIONS China Center for Economic Research and their American counterparts made their predictions for 2017 at the National Committee’s eighth annual Forecast of China’s Economy, held at the New York Stock Exchange. The half-day conference, which coincided with the closed-door U.S.-China Track II Economic Dialogue (see page 9), offered a rare opportunity for the U.S. financial community to hear directly from some of China’s most influential economic thinkers. The program convened an audience of more than 100 corporate members, economic scholars, and policy, finance, and business leaders. Speakers and panelists focused their discussions on the progress of reform; the real estate, credit, and stock markets; and the potential effect of the new U.S. administration’s Former Secretary of Defense William J. Perry, assessed policies on Sino-American economic relations. the current situation in North Korea and shared his vision for negotiating an agreement to reduce the danger posed by their nuclear weapons. Dr. Perry delivered his talk CHINA TOWN HALL: in Shanghai at the eleventh annual Barnett-Oksenberg Local Connections, National Reflections Lecture, the first and only ongoing lecture series on U.S.- featuring Ambassador Susan E. Rice and China relations that takes place on the mainland. The 96 local speakers and panelists across program is co-sponsored by the Shanghai Association of the United States and Greater China American Studies and is carried out with the support of the American Chamber of Commerce in Shanghai.

133 PUBLIC EDUCATION PROGRAMS IN 2017

PUBLIC EDUCATION Business, Economics, and Trade 12 Over 10,000 people online and at 86 venues across the United States and Greater China watched Ambassador Susan E. CHINA Town Hall programs addressing a 86 Providing balanced information that contributes to a Rice, former national security advisor and U.S. ambassador variety of issues, co-hosted with partner to the U.N., headline this year’s CHINA Town Hall. In an organizations across the United States & more thoughtful, nuanced discussion on Sino-American interactive webcast, Ambassador Rice answered questions Greater China from National Committee President Stephen Orlins and Foreign Relations relations and Greater China viewers on a range of critical bilateral issues, from North 9 Korea to the war on drugs. She also shared her thoughts History 3 on President Trump’s next state visit to China. Ambassador THROUGH PUBLIC EVENTS, roundtable on issues affecting the bilateral relationship Rice’s decades of public service and critical role in developing Politics and Governance 9 discussions, conference calls, publications, and Greater China. National Committee and executing the Obama administration’s policies toward Security and Military Affairs videos, and web and social media offerings, the programs feature a wide range of American China made her perspective on the relationship especially 3 National Committee provides its membership and Chinese voices and perspectives across the relevant at an uncertain time in the bilateral relationship. In Society, Culture, and Religion 11 and the public with timely, relevant information political and functional spectrums. addition to the webcast, audiences at each of the venues had the opportunity to hear from China specialists on topics of interest to their local communities. 12 | Annual Report 2017 National Committee on U.S.-China Relations | 13 TRACK II DIALOGUES Young Leaders Forum Strategic Issues Forum Chubb; Arconic Foundation; Xcoal Energy Institute of International and 2017 Program Index U.S.-China Track II Economic Dialogue & Resources; Perfect World Entertainment Strategic Studies, PKU Mastercard Incorporated; Xcoal Energy Inc.; KKR & Co. L.P.; Rachel Zhang; I. Peter May 20 - 22, 2017; Beijing & Resources; Chubb; VanEck; Abbott Wolff* Laboratories CPIFA U.S. Foreign Policy Colloquium China Center for Economic Research (CCER), March 1 - 5, 2017; Foshan, Guangdong Tishman Speyer; Perfect World Peking University (PKU) Entertainment Inc.; Chubb January 4, 2017; New York, NY Young Leaders Forum Extension Trip Sigur Center for Asian Studies, Elliott KEY: FORMATTING NCUSCR AFFILIATIONS June 26 - 30, 2017; Beijing Self-funded School of International Affairs, The George March 5 - 8, 2017; Foshan and Guangzhou, Washington University • U.S.-China Track II Dialogue on Maritime Name of Program/Event Chair Emeritus Guangdong May 30 - June 2, 2017; Washington, D.C. Vice Chair Issues & International Law Speaker/Panelist, Affiliation * Director The Starr Foundation Young China Professionals: Behind the Young China Professionals: Behind the Funder(s) ** Former Director National Institute for South China Sea Studies Scenes at Xinhua Scenes at Momentum Advisors Partner(s) ▲ Public Intellectuals Program Fellow January 7 - 12, 2017; Haikou, Hainan Date(s); City/Province The Starr Foundation; Self-funded The Starr Foundation; Self-funded July 26 - 29, 2017; Provincetown, MA Venue (In-Kind) March 15, 2017; New York, NY July 6, 2017; New York, NY

U.S.-China Track II Strategic Public Intellectuals Program Event Student Leaders Exchange to China Security Dialogue at the Association for Asian Studies 50TH ANNIVERSARY NCUSCR Gala Dinner D.C.-Based Congressional Yihai Group North America The Starr Foundation Annual Conference November 20, 2017; New York, NY Staff Delegation to China China Education Association for International Preventive Defense Project, Stanford Carnegie Corporation of New York Leaders Speak: Treasury Secretaries Exchange Funded under the Mutual Educational and University; Shanghai Academy of Social 50th Anniversary China Events March 18, 2017; Toronto July 9 - 26, 2017; Beijing, Guizhou, Sichuan W. Michael Blumenthal• (1977 - 1979) Cultural Exchange Act of 1961 (MECEA) Sciences Timothy F. Geithner (2008 - 2012) China-U.S. SkyClub; The Walt and NCUSCR general funds March 21, 2017; Shanghai Professional Fellows Program Public Intellectuals Program V Trip to China Jacob J. Lew (2013 - 2017) Disney Company Foreign Affairs Committee of the National U.S. State Department Bureau of Carnegie Corporation of New York Robert E. Rubin (1995 - 1999) Chinese People’s Institute of People’s Congress (NPC FAC) U.S.-China Track II Dialogue on Healthcare China-U.S. SkyClub; Mastercard Foreign Affairs (CPIFA) August 15 - 25, 2017; Beijing, Qinghai Educational and Cultural Affairs China Foreign Affairs University Sanofi U.S.; Amgen, Inc.; Pfizer Inc. Incorporated November 29 - December 2, 2017; Beijing China Global Philanthropy Institute; July 21 - August 2, 2017; Beijing, Guizhou, National School of Development March 29, 2017; New York, NY Congressional Members Zorig Foundation Hong Kong (NSD), PKU China-U.S. SkyClub POLICYMAKERS Delegation to China American fellows’ placement at Chinese July 11 - 14, 2017; Warrenton, VA and Mongolian host organizations: Young China Professionals: NCUSCR general funds Group 1: March 21 - April 28, 2017 Networking Event Leaders Speak: Business Leaders New Neighbors: 2017 Update – Chinese Foreign Affairs Committee U.S.-China Track II Dialogue on the Group 2: August 15 - 28, 2017 (China); Investment in the United States by of the NPC FAC The Starr Foundation; Self-funded Olivier Brandicourt*, Sanofi Rule of Law & Human Rights August 20 - September 2, 2017 (Mongolia) Peter A. Cohen, Cowen Group Congressional District (Publication) September 15 - 24, 2017; September 7, 2017; New York, NY The Starr Foundation Chinese and Mongolian fellows’ placement Ellen J. Kullman, DuPont Beijing, Tianjin, Shandong Chubb; Perfect World Entertainment Inc.; China Foundation for Human Rights at American host organizations: China-U.S. SkyClub; Xcoal Energy & Young China Professionals: Lunch & Learn The Starr Foundation Development Group 1: April 24 - June 2, 2017 Resources District-Based Congressional The Starr Foundation; Self-funded Rhodium Group, LLC November 13 - 16, 2017; New York, NY Group 2: October 9 - November 17, 2017 April 12, 2017; New York, NY April 25, 2017 Staff Delegation to China Jackson Ewing, Asia Society Policy Institute China-U.S. SkyClub October 11, 2017; New York, NY Funded under MECEA and NCUSCR NEXT GENERATION Young China Professionals: Article Club – Luncheon for U.S. PACOM Commander general funds Will China Lead on Renewable Energy? Annual Members’ Program Admiral Harry Harris CPIFA Diplomat Orientation Program for Young China Professionals: Nick Finnell, JA Solar USA Leaders Speak: PACOM Commanders December 1 - 11, 2017; Beijing, Yunnan U.S.-Based Chinese Officials May 5, 2017; New York, NY The Starr Foundation; Self-funded • Networking Event Dennis C. Blair (1999 - 2002) Sidley Austin LLP April 18, 2017; New York, NY The Starr Foundation; Timothy J. Keating** (2006 - 2009) District-Based Congressional Staff The Starr Foundation; Self-funded Mastercard Incorporated Samuel J. Locklear III* (2012 - 2015) Delegation to China February 2, 2017; New York, NY Two-Way Street: 2017 Update – U.S.-China Young China Professionals: Lunch & Learn October 15 - 28, 2017; Williamsburg Joseph W. Prueher (1996 - 1999) Direct Investment Trends (Publication) Funded under MECEA and NCUSCR and Jamestown, VA, Washington, D.C., Public Intellectuals Program V Workshop X. Rick Niu, Starr Strategic Holdings, LLC Mastercard Incorporated; Xcoal Energy & general funds Harrisburg and Hershey, PA, New York, NY American Chamber of Commerce in The Starr Foundation; Self-funded Resources CPIFA Carnegie Corporation of New York Shanghai (AmCham Shanghai); China April 27, 2017; New York, NY May 23, 2017; New York, NY February 2 - 6, 2017; Washington, D.C. Public Intellectuals Program V Workshop General Chamber of Commerce (CGCC) November 6 - 16, 2017; – USA; The Starr Foundation; East West Beijing, Jiangxi, Fujian Carnegie Corporation of New York China & the World: Middle East Bank; Lennar International; CICC US December 7 - 10, 2017; Washington, D.C. Pan Guang, Shanghai Academy Securities, Inc.; Wall Street Investment of Social Sciences Group, Inc. The Starr Foundation Rhodium Group, LLC October 20, 2017; New York, NY May 17, 2017

14 | Annual Report 2017 National Committee on U.S.-China Relations | 15 PUBLIC EDUCATION How China Escaped the Poverty Trap Everything Under the Heavens: China’s Banking Transformation: The East-West Creativity Gap: Science and Technology in the United States Public programming generously Yuen Yuen Ang▲, University of Michigan How the Past Shapes China’s Push The Untold Story Myth or Fact? and China: Cooperation and Conflict for Global Power funded by The Starr Foundation February 22, 2017; New York, NY James Stent, XacBank of Mongolia Lenora Chu, Journalist Nancy Liu, College of Staten Island unless otherwise specified Howard French, Columbia University June 5, 2017; New York, NY Gish Jen, Author Lawrence Sullivan, Adelphi University Hollywood Made in China Graduate School of Journalism September 18, 2017; New York, NY November 8, 2017; New York, NY Forecast of China’s Economy for 2017 Aynne Kokas▲, University of Virginia May 2, 2017; New York, NY Unlikely Partners: Chinese Reformers Sidley Austin LLP and Western Economists Teleconference: President Trump’s Michelle Caruso-Cabrera, CNBC February 27, 2017; New York, NY Luncheon with Hong Kong Activists Lunch Program with Scott Kennedy: Visit to China Huang Haizhou, CICC Julian Gewirtz, Oxford University China’s Innovation Drive Huang Yiping, PKU Luncheon with Former President of Taiwan May 4, 2017; New York, NY June 12, 2017; New York, NY Dennis Wilder, Georgetown University ▲ Nicholas R. Lardy , Peterson Institute for Ma Ying-Jeou Scott Kennedy , Center for Strategic and November 16, 2017 International Economics February 28, 2017; New York, NY Roundtable Discussion with the Shanghai China’s Universities and the Belt and Road International Studies nstitutes for nternational tudies The Road to Sleeping Dragon: Learning Justin Yifu Lin, PKU I I S Gerard Postiglione, University of Hong Kong October 6, 2017; New York, NY China from the Ground Up Lu Feng, PKU Busting Myths About China’s Overseas May 10, 2017; New York, NY June 19, 2017; New York, NY Urban Environmental Change in China, ▲ Stephen A. Orlins, NCUSCR Development Program with New Data Michael Meyer , University of Pittsburgh Qin Xiao, HK Financial Services the United States, and Hong Kong Brad Parks, AidData Welfare, Work, and Poverty: Social Reflections on the Belt and Road Forum November 16, 2017; New York, NY Development Council March 13, 2017; New York, NY Assistance in China Liang Huijiang, China Development Bank Robert Gottlieb, Occidental College Daniel H. Rosen*, Rhodium Group Authoritarian Legality in China: Law, Qin Gao▲, Columbia University School Wang Wen, RUC Simon Ng, Independent Consultant Xiang Songzuo, Renmin University October 19, 2017; New York, NY Workers, and the State Barnett-Oksenberg Lecture on of Social Work Zha Daojiong, PKU of China (RUC) ▲ Sino-American Relations Mark Frazier▲, China Institute, ZHAI Kun, PKU Mary Gallagher , University of Michigan Xu Gao, China Everbright Securities Co. Ltd The New School India China Institute, The New School CHINA Town Hall: Local Connections, December 12, 2017; New York, NY Yao Yang, PKU William J. Perry, 19th U.S. Secretary of May 10, 2017; New York, NY June 20, 2017; New York, NY National Reflections Zha Daojiong, PKU Defense; Stanford University India China Institute, The New School Susan E. Rice, Former National Security A Village With My Name: A Family History Mastercard Incorporated; Xcoal Energy Shanghai Association of American Studies; Hong Kong and Beijing: Advisor & U.S. Ambassador to the United of China’s Opening to the World & Resources; Chubb; VanEck; Abbott AmCham-Shanghai A Complicated Relationship Creating Across Cultures: Nations Laboratories March 21, 2017; Shanghai Scott Tong, Marketplace Women in the Arts from Greater China The Starr Foundation CCER, PKU David Zweig, Hong Kong University of December 18, 2017; New York, NY October 24, 2017; 86 venues nationwide and January 5, 2017; New York, NY Roundtable Discussion on Science and Technology Michelle Vosper, Asian Cultural Council in Greater China New York Stock Exchange Chinese Philanthropy May 15, 2017; New York, NY June 26, 2017; New York, NY

Jasmine Lau, Philanthropy in Motion TONG Why Isn’t Beijing Doing More to Constrain The Beautiful Country and the Two-Way Street: 2017 Update Report Roundtable Discussion: Current Issues in Ning, China Philanthropy Research Institute North Korea? Middle Kingdom March 27, 2017; New York, NY Launch Events Hong Kong – 20 Years After the Handover Isaac Stone Fish, Journalist John Pomfret, Author and Journalist Bagrin Angelov, CICC (Beijing) Steve Barclay, Hong Kong Economic and October 24, 2017; New York, NY January 23, 2017; New York, NY By More Than Providence: Grand Strategy Eddy Chan, FedEx Express (Shanghai) Trade Office in New York Sidley Austin LLP New York University School of Law and American Power in the Asia Pacific Tom Chang, East West Bank China Jan Kiely▲, Chinese University (Shanghai) of Hong Kong Michael Green, Center for Strategic and Teleconference: The 19th Party Congress Chinese Politics in the Xi Jinping Era International Studies David Fagan, Covington & Burling (D.C.) June 28, 2017; New York, NY Steven Foland, CICC (D.C.) Cheng Li*, The Brookings Institution Cheng Li*, The Brookings Institution March 28, 2017; New York, NY Thilo Hanemann, Rhodium Group (All) Talking About Race and Religion October 26, 2017 January 25, 2017; New York, NY Dorsey & Whitney LLP David He, Fosun (Shanghai) with Chinese Youth Covington and Burling LLP Kenneth Jarrett, AmCham Shanghai The Souls of China: The Return of Teleconference on the Trump-Xi Summit Alison Friedman▲, Ping Pong Productions (Shanghai) Religion After Mao Roundtable Discussion on China’s ▲ Fajer Al-Kaisi, Actor Evan S. Medeiros* , Eurasia Group Roberta Lipson, Chindex International International NGO Management Law Michael Green, Center for Strategic Timothy Douglas, Director Ian Johnson, Journalist and Author (Beijing) Rachel Leslie, Actor October 26, 2017; New York, NY Elizabeth Knup*, and International Studies Stephen A. Orlins, NCUSCR (All) June 29, 2017; New York, NY Katherine Wilhelm, Ford Foundation April 10, 2017 Daniel H. Rosen*, Rhodium Group (D.C., NY, Media Politics in China: Improvising Power January 31, 2017; New York, NY Beijing) The Power of Ideas: The Rising Influence of Under Authoritarianism Assessing China’s Coercive Capacity: De- Lester Ross, WilmerHale (Beijing) Thinkers and Think Tanks in China ▲ Celebrating the Shanghai Communiqué: Mystifying the Domestic Security Budget AmCham Shanghai; CGCC – USA; The Maria Repnikova , Georgia State University th 45 Anniversary Sheena Greitens▲, University of Missouri Starr Foundation; East West Bank; Lennar Cheng Li*, The Brookings Institution November 2, 2017; New York, NY September 6, 2017; New York, NY **, U.S. Ambassador to China April 26, 2017; New York, NY International; CICC US Securities, Inc.; Dorsey & Whitney LLP (1985 - 1989) Wall Street Investment Group J. Stapleton Roy , U.S. Ambassador to Rhodium Group, LLC China (1991 - 1995) May 17 - June 30, 2017; Washington, D.C., February 21, 2017; New York, NY New York, NY, Shanghai, Beijing Akin Gump Strauss Hauer & Feld LLP Covington & Burling LLP (D.C.), Citi (NY), Penn Wharton China Center (Beijing)

16 | Annual Report 2017 National Committee on U.S.-China Relations | 17 THE NOW MORE THAN EVER 2017 SPONSORS TH 50 ANNIVERSARY CAMPAIGN The work of the National Committee is made possible through the support of American foundations, corporate sponsors, the U.S. Department of State, members, and friends. The Committee is grateful The two-year campaign raised $15.5 million to establish new initiatives, expand flagship to all those who made financial contributions in 2017, and is indebted to the many individuals and programs, increase organizational capacity, and invest in the future of U.S.-China relations. institutions who gave their time, creativity, and in-kind assistance. Financial and in-kind contributions made in calendar year 2017 are listed below and on succeeding pages.

Platinum Level ($200,000 & above) VanEck Greenberg Traurig, LLP NEW INITIATIVES FLAGSHIP PROGRAMS Carnegie Corporation of New York Wall Street Investment Group, Inc. Hills & Company International • China Briefings for Heads of • Diplomat Orientation Program China-U.S. SkyClub Walmart Stores, Inc. Consultants Government Affairs Offices • Public Intellectuals Program Chubb Wanxiang America Corporation Hong Kong Economic and • Entrepreneur’s Forum • Student Leaders Exchange General Atlantic Foundation Trade Office in New York • Schwarzman Scholars • U.S.-China FDI Project $5M Sanofi U.S. Benefactor Level ($25,000 - $49,999) Keker, Van Nest & Peters LLP Partnership • U.S. Foreign Policy Colloquium KKR & Co. L.P. $2.6M Stephen A. Schwarzman Abbott Laboratories • U.S.-China Track II Dialogue • U.S.-China Track II Economic Dialogue The Starr Foundation Adobe Inc. Lucius Littauer Foundation on Healthcare • U.S.-China Track II Energy Dialogue U.S. Department of State American Chamber of Commerce NetEase North America • U.S.-China Track II Dialogue • Young Leaders Forum Xcoal Energy & Resources in Shanghai NextWave Investment Strategies on Digital Economy $900K Akiko Yamazaki & Jerry Yang American International Group, Inc. • Young China Professionals Amgen, Inc. Sponsor Level ($1,000 - $14,999) Anniversary Level ($100,000 - $199,999) Anonymous Humberto P. Alfonso Cravath, Swaine & Moore LLP Arconic Foundation Jan Anderson $7M TH 50 ANNIVESARY ACTIVITIES Mastercard Incorporated CICC US Securities, Inc. Lucy Benson DLA Piper W. Michael & Barbara Blumenthal GENERAL FUNDS • Leaders Speak Series Microsoft Corporation KPMG LLP William Bohnett • Corporate Membership • China & the World Series Perfect World Entertainment Inc. Lennar International Kay Boulware Miller • Gala • Reunions in Washington, D.C. & Beijing Tishman Speyer Marsh & McLennan Companies Broad U.S.A. Inc. • Talent Fund Yihai Group North America Paul, Weiss, Rifkind, CCS Fundraising • William R. Rhodes Technology Fund Chairman Level ($75,000 - $99,999) Wharton & Garrison LLP Amy P. Celico Qualcomm Incorporated China Guardian North America Office Evan G. Greenberg Sidley Austin LLP Cigna EY Simpson Thacher & Bartlett LLP Joan Lebold Cohen & Jerome A. Cohen Lybess Sweezy & Ken Miller Composite Apps, Inc. Leader Level ($50,000 - $74,999) Victory Global Group, Inc. Corning Incorporated Chevron Corporation Davis Wright Tremaine LLP Citi Patron Level ($15,000 - $24,999) Nelson G. Dong Freepoint Commodities LLC Blackberry Ltd East West Bank Gilead Sciences, Inc. Cowen, Inc. Eisner Amper LLP Gulfstream Aerospace Corporation Dorsey & Whitney LLP Barbara H. Franklin Intel Corporation Edelman Charles W. Freeman III Pfizer Inc. FleishmanHillard Inc. GNC Holdings Inc. United Airlines Fluor Corporation Gotion, Inc.

18 | Annual Report 2017 National Committee on U.S.-China Relations | 19 Loren W. Hershey Supporter Level (up to $999) Kathryn Gonnerman John Major Anne Thurston MATCHING CONTRIBUTIONS Jimmy Hexter David Albert Rishi Goyal Richard Matzke Robert Timpson Jr. Honeywell International Inc. Tico Almeida George Green Helen McCabe Frederick Tipson Chevron Corporation IBM Jeffrey Anderson Sidney Greenblatt Michael McCune Lorraine Toly Richard Matzke IDG Capital Anonymous Leslie C. Griffin W. Clark McFadden Elanah Uretsky Merit E. Janow William Armbruster David Grossman Tobie Meyer-Fong Kathleen Walsh J.P. Morgan Chase Foundation Thomas H. Kean David Bachman A. Tom Grunfeld Michael Mihm Shawei Wang Shangyuan Luo Mark and Anla Cheng Kingdon John Balzano Carrie Hammer David Miller Sarah Weiner Yu Shen Foundation Michael Barbalas Mitchell A. Harwood Hugh H. Mo Anita C. Welch Henry A. Kissinger Richard Bodman Robert Hathaway Nicole Mones Timothy Weston Mastercard Incorporated Elizabeth Knup P.R. Bohr Rory Hayden Gregory Moore Norton Wheeler Merit E. Janow Geraldine Kunstadter William A. Bruce Yinan He Kim Ng Susan Whiting David M. Lampton Mary B. Bullock Jay Henderson Diane Obenchain Katherine Whitman Ford Foundation Nicholas R. Lardy Richard C. Bush Melinda Herrold-Menzies Kevin O’Brien Dennis Wilder Elizabeth Knup Robert A. Levinson Jennifer Butler Steven Hill Dorothy Osborn T. Andrew Wilson Natalie Lichtenstein Janet Cady Ruth Hinerfeld Roberta Paturick John S. Wong The Henry Luce Foundation Kenneth G. Lieberthal Brian T. Chang Denise Y. Ho Nancy Pickford Sharon Woodcock Helena Kolenda Samuel J. Locklear III Ta-Kuang Chang Marth J. Holdridge Lucia Pierce Pamela Yatsko Li Ling Morgan, Lewis, Bockius LLP Angela Chao Shenya Horowitz Gerard A. Postiglione Diane Yowell Satoru Murase Daniel Chao Perry Hu Eric Priest Alfreda & Christian Murck Emile Chi John Hui Philip Reeker Douglas Murray & Peggy Blumenthal Karen Christensen Matt Isler Jason Rekate IN-KIND CONTRIBUTORS National Basketball Association, Inc. Marc Cohen Connie Jeremiah Edward Rhoads Newmont Mining Corporation Alison Conner James Jolly Benjamin Rockwell Akin Gump Strauss Hauer & Feld LLP Dennis Nguyen Jill Considine Anthony Kane Paul Ropp China-U.S. SkyClub Douglas H. Ogden William Cranley Alison Kaufman Madelyn Ross Citi Wendy O’Neill Lawrence Daks Katherine Palmer Kaup Brent Scowcroft Covington & Burling LLP Orrick, Herrington & Sutcliffe LLP Lisa Delgado Robert Keatley Richard Seldin Dorsey & Whitney LLP Douglas H. Paal Jeremy Delong Albert Keidel Jeffrey Shafer India China Institute, The New School Louis R. Page Jennifer Dulski James A. Kelly Laura Sherman Jones Day Sheldon Pang Patrick Eng Stacy Kenworthy Todd Sigaty New York Private Bank & Trust Perkins Coie LLP Matt Ferchen Kiwi Partners Inc. Howard C. Smith New York Stock Exchange Nicholas Platt Nicholas Finnell Helena Kolenda Carl Spector New York University School of Law Joseph W. Prueher David Flynn Mercy Kuo William Speidel Penn Wharton China Center Barry Rashkover Carol M. Fox Terry & Ellen Lautz Douglas & Nancy Spelman Sidley Austin LLP Rhodium Group, LLC M. Taylor Fravel Ann Lee Anthony J. Spires Sigur Center for Asian Studies, Gene Rostov Noah Friedman Steven Leibo Kristin Stapleton Elliott School of International Affairs, Stanley Owen Roth Qin Gao Richard Levin James B. Steinberg The George Washington University J. Stapleton Roy John W. Garver Margaret Lewis Gerald Stryker The Walt Disney Company Anne G. K. Solomon Catherine Gautier Cheng Li Ronald Suleski United Airlines Savio Tung Lydia Gerber Li Ling Roger Sullivan Xcoal Energy & Resources W&X Evergreen LLC Brian Glaister Benjamin Liebman Robert Sutter Charles P. Wang Joel Glassman Timothy Light Haofeng Tang Chi Wang Thomas B. Gold Yong Lu Travis Tanner Raymond H. Wong Robert Goldberg & Sally Werner Edward Ma Nick Thomas

20 | Annual Report 2017 National Committee on U.S.-China Relations | 21 Statement of Financial Position Governance and Membership

Condensed Statement of Financial Position January 1 - December 31, 2017 The 51st Annual Meeting of the Members was held on May 23, 2017. Members present, or by proxy, elected the board class ASSETS December 31, 2017 December 31, 2016 of 2020 as follows: Cash and cash equivalents $4,954,384 $5,005,391 Kurt M. Campbell Andrew N. Liveris Anthony J. Saich Grants and contributions receivable (net) 7,826,997 8,005,970 Investments 4,675,010 2,850,285 Peter M. Cleveland Rob Speyer Prepaid expenses 151,887 58,791 Richard L. Gelfond Yvonne Pei Ernie L. Thrasher Other assets 20,284 13,949 Carla A. Hills Joshua Cooper Ramo I. Peter Wolff Property and equipment 56,573 89,549 Merit E. Janow William R. Rhodes Jerry Yang Total assets $17,685,135 $16,023,935 Henry A. Kissinger Daniel H. Rosen John Young LIABILITIES Accounts payable and accrued expenses $332,830 $273,269 Grants payable (net) 82,465 92,465 The term of service for the following directors ended as of May 23, 2017: Deferred revenue 41,030 43,200 Total liabilities $456,325 $408,934 Humberto Alfonso Barbara H. Franklin Kenneth Lieberthal Dennis Blair Muhtar Kent James B. Steinberg NET ASSETS Daniel Cruise David M. Lampton Jan F. van Eck Unrestricted Terrill E. Lautz Undesignated $5,567,456 $3,962,284 Board-designated reserve 2,527,257 3,198,229 Total unrestricted $8,094,713 $7,160,513 The 92nd Annual Meeting of the Board of Directors was held in New York City on May 24, 2017. Directors elected the following Temporarily restricted 9,134,097 8,454,488 officers of the Committee: Total net assets $17,228,810 $15,615,001 Chair: Vice Chairs: President: TOTAL LIABILITIES AND NET ASSETS $17,685,135 $16,023,935 Carla A. Hills Maurice R. Greenberg Stephen A. Orlins Treasurer: Evan G. Greenberg Vice Presidents: Keith W. Abell Thomas H. Kean Jan Carol Berris Condensed Statement of Activities for Year Ended December 31, 2017 Henry A. Kissinger Meredithe Mastrella Secretary: Nicholas R. Lardy December 31, 2017 December 31, 2016 I. Peter Wolff Joseph W. Prueher SUPPORT AND REVENUE Unrestricted Temporarily Restricted Total Total William R. Rhodes U.S. government grants $ - $365,500 $365,500 $580,642 J. Stapleton Roy Contributions 147,500 4,315,176 4,462,676 10,117,335 Special events (net) 1,575,931 - 1,575,931 2,364,300 James R. Sasser Investment income and other 83,412 - 83,412 82,845 Net assets released from restrictions 4,001,067 (4,001,067) - - Total support and revenue $5,807,910 $679,609 $6,487,519 $13,145,122 At-large board members Nelson G. Dong, Charles W. Freeman III, Jon M. Huntsman, Jr., Cheng Li, Ken Miller, Douglas H. EXPENSES Paal, A. Robert Pietrzak, and Ernie L. Thrasher joined officers to comprise the executive committee. Program services $2,889,144 - $2,889,144 $2,727,761 Management and administration 1,488,634 - 1,488,634 1,414,268 Keith W. Abell was appointed chair of the audit & budget committee; Carla A. Hills, chair of the compensation committee; Fundraising 495,932 - 495,932 650,166 Total expenses $4,873,710 - $4,873,710 $4,792,195 Nelson G. Dong, interim chair of the development committee; David M. Lampton, chair of the management committee; and I. Peter Wolff, chair of the nominating committee. CHANGE IN NET ASSETS $934,200 $679,609 $1,613,809 $8,352,927 Net assets beginning of year 7,160,513 8,454,488 15,615,001 7,262,074 Net assets end of year $8,094,713 $9,134,097 $17,228,810 $15,615,001

The above information is extracted from the audited financial statements, which are available upon request

22 | Annual Report 2017 National Committee on U.S.-China Relations | 23 Staff 2017 Board of Directors*

PRESIDENT SENIOR PROGRAM OFFICERS INTERNS CHAIR DIRECTORS Stephen A. Orlins Jessica L. Bissett Cai Yuanhao Carla A. Hills Jeffrey Bader Evan S. Medeiros Haini Guo Chen Yixiu Ajay Banga Ken Miller VICE PRESIDENTS Sarah Jessup Fan Siqi EXECUTIVE VICE CHAIRS Olivier Brandicourt Howard P. Milstein Jan Carol Berris Emily Tang-Lee Gu Yu Maurice R. Greenberg Deborah Bräutigam Douglas H. Paal Meredithe Mastrella Huang Guanxiong Henry A. Kissinger Milton Brice Sheldon Pang DEVELOPMENT MANAGER Li Li Kurt M. Campbell Yvonne Pei SENIOR DIRECTORS Judy T.H. Chen Li Yanqing VICE CHAIRS Amy P. Celico A. Robert Pietrzak Development Lin Cong Evan G. Greenberg John S. Chen Joshua Cooper Ramo Diana B. Roggemann Swarts SCHWARZMAN SCHOLAR FELLOW Liu Rongyuan Thomas H. Kean Peter M. Cleveland Clark T. Randt, Jr. Marguerite Wedeman Ma Yingxia Nicholas R. Lardy Nelson G. Dong Daniel H. Rosen Education Programs Ni Peng Joseph W. Prueher Richard Edelman Anthony J. Saich Margot E. Landman ASSOCIATES Vincent Zihao Pan William R. Rhodes Martin S. Feldstein Maggie Sans Leadership Initiatives Communications Peng Meng J. Stapleton Roy William E. Ford Rob Speyer Jonathan G. Lowet Nicholas T. Young Inger Marie Rossing James R. Sasser M. Taylor Fravel Ernie L. Thrasher Douglas Silverman Charles W. Freeman III Robert H. Xiao DIRECTORS Operations Tang Xiaoyu TREASURER Richard L. Gelfond Jerry Yang Kate McGinnis John Young Communications Jasmine Jiayue Wang Keith W. Abell Jimmy Hexter Jon M. Huntsman, Jr.** Joseph J. Weed Arthur Yunchu Wang ASSISTANTS Drew Warren SECRETARY Merit E. Janow Development Program Wu Shan I. Peter Wolff Elizabeth Knup Jaime Earl Virgil Bisio Xie Jing Cheng Li External Relations Molly Bodurtha Xu Haoming Andrew N. Liveris Wei Xia Shuwo Nicky Zhou Zhu Haiyin Gary Locke Zhu Xingyi Samuel J. Locklear III Technology Administrative Zoe Zehui Zhu Daya Martin Alexander Guido

STAFF ACCOUNTANTS Louis Jacobs Jeffrey Lee

*As of the May 2017 Meeting of the Members 24 | Annual Report 2017 **Served until confirmation as U.S. Ambassador to Russia in October 2017 National Committee on U.S.-China Relations | 25 www.ncuscr.org

twitter.com/NCUSCR

facebook.com/NCUSCR

212.645.9677

[email protected]

6 East 43rd Street | 24th Floor | New York, NY 10017 26 | Annual Report 2017