Issue 4 2020 Executive insights, interviews, and intelligence for business in China P08 LinkedIn and the Future of Work P14 IMF on China’s Economic Prospects P32 Jim McGregor on Bilateral Frictions Looking Forward: Dr. Zhang Wenhong on COVID-19 and the Future of China's Public Health System www.amchamchina.org An exclusive, premium service for AmCham China members who require in-depth policy insights and privileged access to policy- makers. 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ToTo become become an an AmCham AmCham China China Policy+ Policy+ member, member, please please contact contact us us at at (8610)(86 8519-0800 10) 8519-0854 or emailor email [email protected] [email protected] Issue 4, 2020 www.amchamchina.org An exclusive, premium service Editorial for AmCham China members who Director of require in-depth policy insights Marketing and and privileged access to policy- Communications Mark Dreyer makers. Designers P.24 Jin Peng Looking Forward: Zhang Hui Dr. Zhang Wenhong on COVID-19 and the Future Cover Image of China’s Public Health Rhine Yuan Exclusive Benefits System Contributors Francisco Arechiga Policy Briefs INSIGHT Special Reports INSIGHT Alain Crozier ● Technology ● Business Timely analysis of new policies, regulations, and In-depth analysis of major policy issues Huiying Fang amendments (1-3 pages) and market trends (4-6 pages) Robert K. Kelner P.8 P.20 Jian Lu, President of LinkedIn China, on how A comprehensive Review of the Year covering ¿ Recent Developments in Capital Controls ¿ Recent Developments in Capital Controls Alexandra Langton broad reskilling around tech will define the all the Chamber’s activities in 2020, one of the future of work most extraordinary years in recent memory Nikki Matsuoka P.17 P.44 Jojo Shieh Roundtables ACCESS Executive Dialogues ACCESS Alain Crozier, CEO of Microsoft Greater China, All the highlights from the 2020 AmCham China Brian D. Smith details how embracing partnerships can drive Annual General Meeting (AGM) in Beijing forward business growth P.48 Discussion between member companies and Discussions between member companies Timothy P. Stratford AmCham China announced a partnership with government officials on topics of interest and think tanks, associations, and other non- Dorcas Wong ● Policy Phoenix TV during the recent Trans-Pacific ¿ Government Dialogue on Central Economic government stakeholders Future Forum Yaxian Xiong Work Conference ¿ Conversation on Bilateral Relations P.11 Zixia Xue Wendy Cutler, Vice President at the Asia ● Profile Society Policy Institute, gives her thoughts on how the new US administration might tackle all P.28 Ad Hoc Government Meetings ACCESS of its China issues AmCham China Vice Chair Brent Young reflects Priority access to government briefings commonly limited to the AmCham China P.14 on COVID-19 relief efforts, and analyzes the Sponsorship Steve Barnett, Senior Resident Representative development of technology as a result of the Board of Governors and Chairman’s Circle for China at the IMF, on China’s post-pandemic pandemic ¿ Meeting with the Foreign Exchange Regulators recovery, policies to watch for in 2021, and looming risks to avoid P.32 Please contact Jim McGregor, recipient of the most recent Connie Zhao at P.40 AmCham China Pioneer Award, on his decades- A look at what industry and businesses can long involvement with the Chamber and what Customized Briefing BRIEFING (86 10) 8519-0861 or expect from China’s upcoming 14th Five-Year he’s keeping an eye on for 2021 [email protected] Plan later this year A tailor-made annual briefing on the Chinese market or other topics of interest intended for visiting The AmCham China ● Government Affairs global executives of member companies, written by AmCham China’s President or Chairman Quarterly magazine is P.36 published by the American Follow us: Chamber of Commerce in An analysis of the potential pitfalls for US the People’s Republic of companies in China under the Foreign Agents * Policy+ is available only to AmCham China members. China (AmCham China). Registration Act (FARA) The AmCham China Quarterly magazine content does not necessarily reflect the opinions or positions of WeChat QR Code To become an AmCham China Policy+ member, please contact us at AmCham China or its Board of Governors. (86 10) 8519-0854 or email [email protected] AmCham China Quarterly 5 The American Chamber of Commerce in the People's Republic of China AmCham China Leadership AmCham China’s success is rooted in the vision, hard work, and dedication of its members. Through their efforts, these volunteer leaders make it possible to provide the information and intelligence, business services, networking opportunities, and events that benefit all members and the advocacy initiatives that help shape the business environment in China. At AmCham China’s national level, the chairman, two vice chairs, and 11 governors comprise the organization’s Board of Governors. Additionally, AmCham China’s three Chapters each have their own local executive committee to ensure they are responsive to the needs of local AmCham China members. 2021 AmCham China Board of Governors CHAIRMAN VICE CHAIRS Greg Gilligan Brent Young Colm Rafferty Fidelis Investments Intel Vermeer GOVERNORS Alain Benichou Sherry Carbary Jim Cooper Alain Crozier Roberta Lipson Jian Lu Qin Min IBM China Boeing Pacific Resources, Microsoft United Family LinkedIn China Mars Inc. Healthcare Jeffrey Que Fernando Vallina William Zarit Erin Zhang Johnson & Johnson ExxonMobil China The Cohen Group Goldman Sachs China PRESIDENT TREASURER GENERAL COUNSEL CHAIRMAN EMERITUS Alan Beebe Dora Cheung William Rosoff Tim Stratford AmCham China PwC Covington & Burling LLP Beijing Central China Chapter (Wuhan) Executive Committee CHAIRMAN VICE CHAIR EC MEMBERS Steve Carpenter Scott Shaw Marina Chen Helen Hu Jun Hu Seniors At Home LDi Leadership Wuhan Shui On Land GE Grid Solutions Synopsys (Wuhan) Family Service Formation Services Company Northeast China Chapter (Dalian, Shenyang) Executive Committee CHAIRMAN VICE CHAIR EC MEMBERS Ladon Ghalili Tesfu Solomon Mengjun Cai Dorman Kwan Blair Lee Rochelle Mathias Kim Michalk Epoch International Intel Semiconductor Shenyang Shengyuan PwC (Dalian) Dalian American TORLYS & Mother's Dalian American (Dalian) Water Affairs International School English International School Tianjin Chapter Executive Committee CHAIRMAN VICE CHAIR EC MEMBERS Michael Hart Marcus Williams Alexander Brose Joseph Shumway Humphrey Wang Chuck Yang Griffin Business Boeing Tianjin The Tianjin Juilliard Tianjin United Family Tianjin Pher Farragut (Tianjin) Management Composites Co., Ltd School Hospital Food Beverage Education Consulting Management Co., Ltd. Ltd. AmCham China Corporate Partners The AmCham China Corporate Partner Program provides exclusive visibility in chamber activities and communications across our numerous platforms. The current partners are: 6 AmCham China Quarterly Chairman's Message Working Hard for a Better Environment Dear Fellow Members, Happy New Year and best wishes for health and hap- to make 2021 a fantastic year for all of us in business, piness in 2021. We are all extremely grateful to have health, and happiness. arrived at the end of this last challenging year. But I hope that our membership has a renewed appre- there is so much reason to be hopeful because of how ciation for the vibrancy, relevance, and influence of tough last year was, and how well we managed through