CGCC-USA and AmCham China Host Business Dialogue on US-China Climate Change Cooperation – Yahoo Finance

Share Article

PR Newswire
NEW YORK, Dec. 23, 2021
NEW YORK, Dec. 23, 2021 /PRNewswire/ — At the United Nations COP26 climate summit in November, the U.S. and China issued the joint Glasgow Declaration on enhancing climate actions. The meeting of President Biden and President Xi following the conference confirmed their intent to collaborate on critical challenges, set a clearer direction, and provided further impetus for a more cooperative bilateral relationship. With the two leaders conducting a comprehensive and in-depth exchange over both strategic and fundamental issues concerning bilateral relations, the meeting sent a long overdue positive signal relating to U.S-China economic and climate cooperation.
Encouraged by the positive momentum for this significant partnership, on Thursday, December 16, 2021, China General Chamber of Commerce – USA (CGCC-USA) and the American Chamber of Commerce in China (AmCham China) was honored to successfully organize the "Tackling Climate Change Together: U.S.-China Business Dialogue" webinar. This was the first of the joint event series to be co-organized by the two organizations, exploring how the global business community can create a positive trajectory for U.S.-China climate collaboration.
Over 100 member companies of both Chambers attended and had the opportunity to hear from Alan BEEBE, President of AmCham China, and Chen XU, Chairman of CGCC-USA, President & CEO of Bank of China USA, on the business sector's role and responsibilities in the bilateral collaboration on climate action.
Mr. Beebe recognized the significance of this meaningful event, expressing that "it is a privilege to discuss one of the few potential areas of U.S.-China cooperation with our counterparts at CGCC-USA. Climate change is agnostic to politics and borders, but it is time sensitive. The private sector should play a role in U.S.-China climate collaboration." Mr. Xu echoed his words on the CGCC-AmCham partnership and further indicated that "global partnerships are the only viable solution to critical climate issues, and it is of the utmost importance for the U.S. and China to create a collective agenda on environmental protection and a new green economy that will benefit all citizens of both countries and the globe."
Following the remarks, Mr. Beebe moderated a panel of business executives including Linhua GUAN, CEO of Surge Energy America, Yongqing (Judy) ZHANG, Vice President of Corporate Affairs at PepsiCo, and Xiaojun (Dennis) HUANG, Executive Vice President at Bank of China USA. The dialogue emphasized opportunities in light of COP26 for U.S.-China partnerships and global collaboration, with a focus on the importance of gradual transitions to green finance, renewable energy and investments in neglected areas of green technology. The panelists responded to questions from the audience on concrete actions and best practices that the private sector can take to make the most of the current international momentum around climate action.
The urgency to solve climate change and the magnitude of its impact call for global and inclusive solutions, as well as a deeper and wider participation of the business sector in a wider socio-economic development manner. With climate issues being one of the many potential areas of cooperation between the two countries, Chamber representatives and speakers said they remain optimistic about the prospects of the U.S.-China relationship and economic exchanges. Both the CGCC 2021 Business Survey Report on Chinese Enterprises in the U.S. and the AmCham 2021 China Business Climate Survey Report showed that companies are confident and committed to cooperation between the U.S. and Chinese markets, and are optimistic about a mutually beneficial, stable, equitable, and sustainable relationship over the long term.
As an old Chinese saying goes, "long and difficult as the journey may be, sustained actions will take us to the destination" (道阻且长,行则将至). Striving towards the shared mission to create value, generate economic growth, and enhance cooperation between the U.S. and Chinese business communities, speakers at the event said they were encouraged by the candid, constructive, substantive, and productive meeting between Presidents Biden and Xi.
Successfully kicking off their joint event series, both organizations hope to continue being the bridge connecting business exchanges and cooperation between the U.S. and China, as well as to foster continued dialogue between the leaders and business communities of the two countries.
About CGCC
Founded in 2005, China General Chamber of Commerce – USA ("CGCC") has been recognized as the largest and most impactful non-profit organization representing Chinese enterprises in the U.S. As an independent, non-partisan, non-governmental chamber of commerce, CGCC provides a broad range of programs, services, and resources to over a thousand multinational members across the U.S., with a mission to create value, generate economic growth, and enhance cooperation between the U.S. and Chinese business communities.
About CGCC Foundation
Established in 2014, CGCC Foundation is a 501(c)(3) tax-exempt organization. The mission of CGCC Foundation is to deepen mutual understanding and cooperation between the United States and China through research, public charity and engagement in economic, cultural and social exchanges.
View original content to download multimedia:
SOURCE China General Chamber of Commerce – USA
Getty ImagesAlthough carbon emissions in early 2020 plunged thanks to COVID-related lockdowns around the world, they rebounded quite quickly. As we near the end of 2021, many economies are starting to see carbon emissions climb to levels close to or even higher than pre-pandemic averages.The damage of greenhouse gas accumulation in the atmosphere cannot be reversed overnight. Some things are sure to get worse: The world will get hotter, the glaciers will continue to melt a bit, sea levels will r
Upbeat economic data from the U.S failed to support the Dollar, with news of positive vaccine news driving demand for riskier assets in the week.
MP Materials director Randall Weisenburger bought $3.5 million of shares. MP has a deal to provide General Motors with rare-earth magnets.
The short-term direction is likely to be determined by trader reaction to 114.380 and 114.029.
The CEO of Connecticut-based Bridgewater Chocolate told Yahoo Finance that price and supply pressures haven't hit the company "yet."
(Bloomberg) — Exxon Mobil Corp. says an overnight fire at its Baytown, Texas, refinery that injured four people has been extinguished. Most Read from BloombergCoronavirus Can Persist for Months After Traversing Entire BodyWorld Economy Now Set to Surpass $100 Trillion in 2022Singapore Finds New Omicron Cluster, Braces for Community SpreadFrance Reports Record 100,000 New Covid Cases as Omicron RagesAlex Jones' Wife Arrested on Domestic Violence ChargeThe blaze occurred at 1 a.m. local time at t
The 50% to 61.8% retracement zone at .7275 to .7341 is controlling the near-term direction of the market.
The Omicron strain weighed on mortgage rates going into the holidays. Rates are expected to rise, however, along side rising house prices to test demand.
Understand the benefits and the rules of converting your 401(k) to a Roth. You’ll owe taxes on the money now, but enjoy tax-free withdrawals later.
The U.S. Dollar fell to nearly a one-week low on Thursday as investors flocked to riskier currencies such as the Australian, New Zealand and Canadian Dollars as fears over the fallout from Omicron dulled. Risk appetite has improved since last Monday, when financial markets were rattled by government restrictions relating to the spread of Omicron. …
A traditional IRA gives a current-year tax benefit and future years of tax savings—minus the income restrictions that limit who can have a Roth IRA.
529 plans are for education and Roth IRAs are for retirement. But you can use either—or both—of these tax-advantaged plans to boost college savings.
The Federal Reserve’s expected interest-rate increases in the year ahead could make stock investors less willing to accept lofty valuations.
Credit Suisse is seeking information through the U.S. courts which could lead to it taking legal action in Britain against SoftBank Group Corp to recover funds it says are owed to its Greensill-linked supply chain finance funds, U.S. court documents show. Switzerland's second-largest bank has been working to recover funds from the collapse of some $10 billion in funds linked to insolvent supply chain finance firm Greensill. Credit Suisse declined comment, while SoftBank did not immediately respond to a request for comment.
The draft rules follow a nearly six-month pause in Chinese listings in the U.S. since the ill-fated New York IPO of ride-hailing giant Didi Global.
Bitcoin’s price rose by more than 70% in 2021 despite the bearish sentiment in China, and more gains are expected over the coming year.
Boeing recorded 109 737 Max orders in November and some 767 freighter orders in December. Is Boeing stock a good buy now?
COVID-19 has accelerated the decline of oil and gas production in Southeast Asia, with combined production falling below 5 million bpd for the first time since 1998
SHANGHAI (Reuters) -China's central bank has vowed to promote healthy development of the country's real estate market, saying it will safeguard the legal rights of home buyers and better satisfy their reasonable living needs. The statement from the People's Bank of China (PBOC), made following its fourth-quarter monetary policy committee meeting on Saturday, is the latest sign that Chinese regulators are marginally easing curbs on the property sector to prevent a hard-landing. Echoing China's annual Central Economic Work Conference held in early December, the PBOC said it will prioritise economic stability, amid an increasingly severe external environment and the unrelenting global pandemic.
Battle the rising cost of living with these strategies to save and make more money.


You might also like

Surviving 2nd wave of corona

Surviving The 2nd Wave of Corona

‘This too shall pass away’ this famous Persian adage seems to be defeating us again and again in the case of COVID-19. Despite every effort