INSIGHT Januar y / Febr uar y 2010
The Journal of the American Chamber of Commerce in Shanghai
AMCHAM SHANGHAI
Karen Yuen COMMITTEES
Siobhan M. Das COMMUNICATIONS & PUBLICATIONS
David Basmajian EVENTS
Jessica Wu FINANCE & ADMINISTRATION
Helen Ren
MEMBERSHIP & CVP
Linda X. Wang
INSIGHT EDITOR-IN-CHIEF
Justin Chan
COMMUNICATIONS ASSOCIATE
Weina Yang
EDITORIAL INTERN
Chantal Grinderslev DESIGN
Alicia Beebe LAYOUT & PRINTING
Ella Shan Snap Printing, Inc.
INSIGHT SPONSORSHIP MARKETING ASSISTANT MANAGER
Sophia Chen
(86-21) 6279-7119 ext. 5667 Story ideas, questions or comments on Insight: Please contact Justin Chan (86-21) 6279-7119 ext. 5668 justin.chan@amcham-shanghai.org Insight is a free monthly publication for the members of The American Chamber of Commerce in Shanghai. Editorial content and sponsors' announcements are independent and do not necessarily reflect the views of the governors, officers, members or staff of the Chamber. No part of this publication may be reproduced without written consent of the copyright holder.
Shanghai Centre Suite 568 1376 Nanjing West Road Shanghai, 200040 China tel: (86-21) 6279-7119 fax: (86-21) 6279-7643 www.amcham-shanghai.org
Special thanks to the 2009-2010 AmCham Shanghai President’s Circle Sponsors
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IMAGINECHINA
DIRECTORS BUSINESS DEVELOPMENT & MARKETING
12 Biotechnology in China
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ZHU XIAOCI
David Turchetti
MARKET PROFILE
ISTOCKPHOTO
V I C E P R E S I D E N T, P RO G R A M S
F E AT U R E S
ISTOCKPHOTO
PRESIDENT
Brenda Foster
By Andrew Chen
Although still a nascent industry, biotechnology in China is growing rapidly, thanks to constant high demand for new products and outsourcing of research and development work from abroad.
15 An Eye on Due Diligence LEGAL UPDATE
By Mark Bowra
The importance of due diligence when pursuing a merger or acquisition in China is clear, but in light of the poor economic climate, it is important to keep the Foreign Corrupt Practices Act (FCPA) in mind as well.
18 An Optimistic Outlook SPOTLIGHT
Released in December, the 2009 China Business Report highlights the experience and expectations of American companies in China, which when compared to elsewhere around the world, are still very good.
22 The State of Relations COVER STORY
By Justin Chan
2010 is set to be an important year for U.S.-China relations. As the two major economies trying to lead a global recovery, the United States and China must work together to address not only bilateral concerns, but also regional and global issues.
I N S I G H T S TA N DA R D S
3 News Briefs
40 Deal of the Month
8 Staying Competitive in China 15 Partnerships in China MANAGER’S NOTEBOOK
ANALYSIS
More and more expatriates are staying in China after expat assignments. How do they stay competitive?
Foreign enterprises and individuals are now able to establish partnerships in China. Here’s a first look at the rules.
INSIDE AMCHAM
29 From the Chairman: The Year of the Tiger 31 2009 Government Appreciation Dinner
MARCH 2009
34 E&T Conference 36 CSR Conference 38 Events in Review
INSIGHT
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