AmCham China Launches New Social Impact Initiative

  • Dual track Initiative will focus on supporting Chinese public health reform and the MSME ecosystem.
  • More than a dozen Fortune 500 companies have signed up, with additional backing from key government stakeholders.

The American Chamber of Commerce in China (“AmCham China”) today launched a new Social Impact Initiative, focused on two tracks: 1) Public Health and 2) micro-, small-, and medium-sized enterprises (MSMEs). This important six-month Initiative aims to pull together government agencies, research institutions, global experts, and AmCham China member companies to drive real change in these two important areas in China.

The purpose of the Initiative is to provide the Chinese government and Chinese society in general with practical and real-time suggestions on public health reforms and on the revitalization of small-scale companies in light of the devastating impact of COVID-19. AmCham China will lead working sessions every 6-8 weeks during the program, focused on critical issues related to China’s public health and MSME ecosystem, with the resulting insights combined into a final report that will be released at the Initiative’s concluding event.

The Social Impact Initiative has already gained significant momentum, receiving backing from a personal endorsement from MOF senior leadership, the Development Research Center (DRC) of the State Council, a personal endorsement from MOF Vice Minister Liao Min, and support from the World Bank, IMF, and other influential stakeholders, and will continue to grow this already impressive ecosystem as the Social Impact Initiative moves forward.

 

MSME Track Working Session #1 - Defining Opportunities,

July 10, 2020

AmCham China launched the Social Impact Initiative’s MSME track earlier today, with strong support from our member companies. The key topics themes for discussion were how to assist MSMEs with financial inclusion, digital transformation, and accessing new markets.

 

Public Health Working Session #1 - Establishing Consensus

July 24, 2020

The Social Impact Initiative’s Public Health track will launch on July 24, and will focus on the following key areas: optimizing healthcare services, improving health financing, and contributing to disease prevention and emergency response. In the opening working session, participants will define the current status of public health in China and discuss how the Initiative can support China’s public health reforms.

AmCham China would like to express our gratitude to all the sponsors that have made the Social Impact Initiative possible through their contributions at this critical time and are committed to making a positive impact in China. These companies include Cargill, Dell Technologies, Google, Intel, Merck, MSD, Nvidia, PayPal, Amazon, FedEx, Honeywell, Johnson & Johnson, eBay, Mars, and Mitsubishi Corporation (China) Commerce Co., Ltd., and others.

Additional companies are currently in talks to join the Social Impact Initiative. If you or your company would like to join this impressive group of sponsors and help create positive change through your involvement, please contact David Jacobs at djacobs@amchamchina.org for more details.