Cash flow from China into the U.S. is drying up, coupled with the deceleration of American investment into China as the trade war drags on. News has it that the White House is considering putting even more restrictions on China’s investment. Join Dr. Huiyao Wang, president of the Center for China and Globalization and advisor to China’s State Council, and Jacob Parker, senior vice president at the US-China Business Council, to find out what a full-blown trade war would cost the global economy, and what is China’s response to shifting supply chains and changing economic power dynamics.
Dr. Huiyao (Henry) WANG is the Founder and President of Center for China and Globalization (CCG), one of China’s leading Chinese think tanks. Chinese Premier Li Keqiang appointed Dr. Wang as a Counselor of China State Council, China’s cabinet. Dr.Wang is also Vice Chairman of China Association for International Economic Cooperation Association of the Ministry of Commerce and Chairman of the China Global Talent Society under the Ministry of Human Resources and Social Security. In addition, he is the Dean of the Institute of Development Studies of China Southwestern University of Finance and Economics.
Dr. Wang has served as an official with Chinese Ministry of Foreign Economic Relations and Trade in charge of Chinese companies going global. He has also worked as Managing Director for Asia at SNC-Lavalin in Montreal and served as Chief Trade Representative of Canada Quebec Government office in Hong Kong and greater China.
Dr. Wang pursued his PhD studies in international business and global management at University of Western Ontario and University of Manchester. He was a Senior Fellow at Harvard Kennedy School and a Visiting Fellow at Brookings Institution as well as a Senior Fellow at Asia Pacific Foundation of Canada. He has taught at Peking University, Tsinghua University and University of Western Ontario as adjunct professor. Dr. Wang has published over 70 books and more than 100 articles and papers in both Chinese and English on global trade, global governance, global migration, China outbound and inbound investment, Chinese Diasporas and Chinese think tanks.
Jacob Parker is senior vice president at the US-China Business Council. In this role in Washington he manages USCBC’s China operations as well as the analysis and advocacy work in both countries. Prior to his current position, he held progressively responsible roles in the Council’s Beijing and Shanghai offices. Jacob has worked on a variety of international public and private projects throughout his career. Before joining USCBC, Jacob worked as a program manager at Philips Healthcare where he oversaw implementation of ExIm Bank, Nordic Investment Bank, and Ashra Bank international government loan projects for developing medical infrastructure in China. Prior to that, as the director of operations of the USA Pavilion Shanghai Expo 2010, Jacob was responsible for the set-up, maintenance, and general operation of the pavilion, and for sharing American culture and values with the more than 7 million visitors during the six months of operation.