Pause, Rethink, and Strategize: Capturing the Chinese Opportunity in a Post-Crisis World
January 28, 2010: 6:15 PM - 9:00 PM
Come hear Anita Tang, managing director of Chicago-based Royal Roots Global Inc., a U.S.-China business strategy advisor, discuss potential business opportunities with China for U.S. companies. To help unveil such opportunities, Anita will focus on China’s economic development model, its economic stimulus plan and “Going Out” policy, as well as suggest opportunities that may emerge from China’s 12th Five Year Plan (2012-2017).
450 N. Cityfront Center
Driving Directions:The Chicago GSB has arranged with the AMC Theater-River East Self-Parking Garage for discounted parking at the following:
300 East Illinois Street (AMC Theater-River East Self Park Garage)
$6.00 after 3:00pm
Garage: Self Park Facility
Payment: Automated: at pay-stations by cash or credit card or upon exit pay by credit card only.
To receive discounted rate: Go to card validator at the first floor security desk of the Gleacher Center. The new system for the AMC Theater- River East Self Park Garage is automated: Insert your parking card in the validator and the new price will be automatically applied. You can also validate your parking ticket at any time between your arrival at and departure from the Gleacher Center. When you leave the lot, you will be charged for the lower $6.00 fee.
In September 2008, China – like the rest of Asia – was hit by a rapidly intenisfying global financial crisis. Between 2007 and 2008, China’s annual GDP growth rate plunged from 13 percent to about 9 percent; at the same time, its export growth rate, which had exceeded 30 percent yearly for many years, tumbled to negative territory by September 2009. Foreign direct investment, too, declined substantially. Would China survive the global crisis? Would it resume its growth trajectory?
By September 2009, China, India, and the other developing Asian economies seemed to have emerged triumphant, with these economies being the first part of the global economy to rebound. And China has shown itself to be strong: its second-quarter 2009 GDP increased 7.9 percent compared with results of its same quarter-2008 GDP. Though the rebound surprised many observers, who seemed to have underestimated the fundamental strength of the Chinese economy, questions regarding China’s longterm prospects abound. Indeed, while some forecasts call for even better results for China in 2010, others question its economic strategy and focus on a key issue: Can China sustain its growth once its government stimulus investment starts to fade in mid-2010 and given that exports may continue to lag due to sluggish economic recovery in other countries? Will 2010 see China running its affairs well, providing benefits to “humankind,” as Chinese Premier Wen Jiabao asserts, or will it endanger the world with its mercantilistic trade and development policies, as others have asserted?
Register By Email
6:15 PM-6:30 PM: Registration
6:30 PM-8:00 PM: Program
8:00 PM-9:00 PM: Reception
Anita Y. Tang (Speaker)
Managing Director, Royal Roots Global Inc.
Anita Y. Tang is managing director of Royal Roots Global Inc., which she established in 1994. Headquartered in Chicago, Royal Roots has a liaison office in Washington D.C., and associates in Beijing, Shanghai, Guangzhou and Hong Kong. Focusing on the U.S.-China business space, Royal Roots specializes in formulating and implementing strategies, building and managing networks, and conducting business negotiations. It handles projects in China, England, Hong Kong, Singapore and the U.S. The firm also contributes pro bono services to a number of educational institutions in the U.S. and China.
Prior to establishing Royal Roots, Anita established a trading and investment firm in Singapore. She also spent eight years working with four major European banks in Hong Kong, and trained in Singapore, Japan and France. She is a frequent speaker in Illinois’s business and academic communities. Regularly interviewed by the press to share her experiences on U.S.-China business issues, she has been interviewed by media that includes WTTW, Financial Times, and Crain’s Chicago Business, among others. She was featured in the October 2008 cover article of the Chinese and Foreign Entrepreneurs magazine, the oldest magazine in China devoted to entrepreneurship.
Anita graduated from Loyola University Chicago with a BA in economics and holds an MBA from Kellogg School of Management, Northwestern University.