AmCham China Roundtable with CAICT
On June 21, AmCham China and CAICT co-hosted the 2022-2023 Social Impact Initiative – AmCham China and CAICT Roundtable Discussion at CAICT. AmCham China President Michael Hart introduced the AmCham China 2023 White Paper, China Business Climate Survey Report, flash survey results, DC Outreach results, briefed on ICT industry challenges and digital transformation, and discussed potential areas of collaboration between the US and China. Vice President Zhiqin Wang, Director of International Cooperation Rui Liu, and Director of International Governance Research, Research Institute of Policy and Economy Lina Shi and relevant staff from CAICT attended the meeting. AmCham China President Michael Hart, Vice President Claire Ma, and delegates from 12 companies attended the meeting.
President Michael Hart then introduced the work around supporting SMEs undergoing digital transformation and expanding overseas markets under our Social Impact Initiative. US tech companies participating in the digital economy track include Amazon, Dell, Meta, and Google. The Chamber truly appreciates the support from Chinese government departments, think tanks, and other partners who have supprtted this initiative. We welcome CAICT to participate in our working sessions and other events to share expertise and insights.
CAICT representatives introduced the implications and framework of China’s digital economy development, digitization of services and industry, and China’s telecom market opening policy. Lina Shi, Director of International Governance Research, Research Institute of Policy and Economy, mentioned that the current scale of China’s value-added telecom market continues to grow rapidly, and the revenue of Internet companies are returning to a positive growth track. China will continue to steadily promote the opening of the telecom market and optimize the business environment for foreign investment, and gradually expand opening by region and phase on the basis of industrial, regulatory, and security conditions.
Subsequently, the two sides exchanged views on topics such as digital transformation between China and the US, product digitization, cloud penetration, green development of the industrial chain, and prospects for cooperation between the public and private sectors.
AmCham China launched the innovative Social Impact Initiative (SII) in July 2020. The core principle driving this Initiative is our belief that the private sector has a meaningful role to play in helping China achieve its development goals, and that AmCham China members are uniquely qualified to assist.
With the spirit of sharing, commitment, collaboration, and engagement in win-win cooperation, we will continue to explore new public-private partnership opportunities in the realms of digital economy, green development, and rural revitalization. We will organize more events focusing on these three themes in the upcoming months. We welcome both Chinese and foreign companies, governmental and non-governmental organizations, academic institutions, and industry associations to join us on our social impact journey.