Monday, June 26, 2017 | 8:45 AM EDT - 10:30 AM EDT

JW Marriott Hotel |, Shanghai

With combined annual investment reaching almost $60 billion in 2016, foreign direct investment (FDI) flows are an increasingly important dimension of U.S.-China economic relations.

Yet recent political developments are changing the outlook in complex ways: in China, worries about capital flight have led Beijing to restrict outbound investment, while slowing inbound FDI has led to promises of fairer treatment to foreign firms. In the United States, the Trump administration and Congress are re-evaluating long-standing FDI policies as the rapid increase of Chinese investment has rekindled existing national security and economic concerns.

On June 26, 2017, the National Committee on U.S.-China Relations and Rhodium Group held a briefing in Shanghai to present the 2017 update of the Two-Way Street report, as well as to discuss the current policy environment and outlook for the future of two-way FDI. This program is built on the U.S.-China FDI Project, led by the Rhodium Group and National Committee in partnership with AmCham Shanghai and the Chinese General Chamber of Commerce – USA.

Eddy Chan

Eddy Chan is head of China and senior vice president of FedEx Express. He began his career as a district sales manager in Hong Kong, and eventually became managing director of sales for the Mid-Pacific region. He later served as managing director of operations for FedEx Taiwan, and later regional vice president and general manager of China and Taiwan. Mr. Chan’s commitment to international economic development in China has been rewarded with numerous honors. He serves as a consultant to the Shanghai World Trade Organization Consultation Center and the China Maritime Arbitration Commission. He has acted as a visiting professor at the University of International Business and Economy and as a logistics consultant to the Tianjin Municipality Communication Commission. In 2011, Mr. Chan received the “Magnolia Award” from the Shanghai Municipal Government. In 2014, Chan received the “2014 CSR Innovator” award from CBN Weekly. 

A Hong Kong citizen, Chan received a Bachelor of Arts in history from the University of Hong Kong. He also holds an Executive MBA from the Kellogg School of Management at Northwestern University in conjunction with the Hong Kong University of Science and Technology.

Tom Chang

Tom Chang is president of East West Bank (China) Ltd, responsible for corporate management, strategic planning, business development and executive leadership in China. He joined East West Bank in 2010 and has been country president for China since 2015. He is a professional banking executive with 25 years of experience and a proven track record in areas of new market expansion, sales management, strategic planning, corporate banking, aviation finance, cross border banking, commercial real estate lending, construction lending, international trade finance, branch management, credit risk management, technology lending and wealth management investments.

Thilo Hanemann

Report author Thilo Hanemann is director of Rhodium Group’s cross-border investment practice. His research assesses new trends in global trade and capital flows, related policy developments, and the political and commercial dynamics of specific transactions. Mr. Hanemann’s most recent work focuses on the evolution of China’s international investment position, and the economic and policy implications of this new trend. He is a frequent speaker and commentator on China’s outward investment and has published numerous reports and articles on the topic. He is also a Senior Policy Fellow at the Mercator Institute for China Studies, Europe’s biggest China think tank, located in Berlin.

David He

David He is Fosun’s Vice President & General Manager for Healthcare and Consumer, responsible for the global development of the company’s healthcare consumer business. With over 20 years of M&A experience at McKinsey, ABINBEV and Johnson & Johnson, he joined Fosun Healthcare Holdings in April 2017. Founded in 1992 in Shanghai, Fosun is one of China’s most successful companies. Fosun’s mission is the “creating a happiness ecosystem for success, bring a healthy, happy and wealthy life to families around the world.” The company has many overseas investments, including in the United States. David has an MBA from Australia Graduate School of Management and a BS in biochemistry from New South Wales University.

Kenneth Jarrett

Kenneth Jarrett has been president of the American Chamber of Commerce in Shanghai since September 2013. Prior to that he was the Greater China Chairman for APCO Worldwide, a Washington-based public affairs consultancy from 2008 to 2013, and before that a U.S. diplomat from 1982 to 2008. During his 26-year diplomatic career, his postings included consul general in Shanghai, deputy consul General in Hong Kong, and director of Asian Affairs at the White House National Security Council. He also served in Beijing, Chengdu, Singapore, and had several assignments in Washington, DC. Mr. Jarrett has degrees from Cornell University, Yale University and the National War College. He is the recipient of the Magnolia Award (Silver) from the Shanghai government and is a member of the National Committee for US-China Relations.

Stephen A. Orlins

Stephen A. Orlins

Stephen A. Orlins has been president of the National Committee since 2005. Prior to that, he was the managing director of Carlyle Asia and the chairman of the board of Taiwan Broadband Communications, one of Taiwan’s largest cable television and high speed internet providers. Prior to joining Carlyle, Mr. Orlins was a senior advisor to AEA Investors Inc., a New York based leveraged buyout firm, with responsibility for AEA’s business activities throughout Asia. From 1983 to 1991, Mr. Orlins was with the investment banking firm of Lehman Brothers where he was a Managing Director from 1985 to 1991. From 1987 to 1990, he served as President of Lehman Brothers Asia. From 1976 to 1979, Mr. Orlins served in the Office of the Legal Advisor of the United States Department of State, first in the Office of the Assistant Legal Advisor for Political-Military Affairs and then for East Asian and Pacific Affairs. While in that office, he was a member of the legal team that helped establish diplomatic relations with the People’s Republic of China. Mr. Orlins is a magna cum laude graduate of Harvard College and earned his law degree at Harvard Law School. He speaks Mandarin Chinese and is a member of the Council on Foreign Relations.