On January 23, 2019, Dr. Nicholas Lardy, the Anthony M. Solomon Senior Fellow at the Peterson Institute for International Economics and a renowned expert on the Chinese economy, presented to a large crowd at the Dorsey and Whitney about his new book, The State Strikes Back: the End of the Economic Reform. Dr. Lardy argued that China’s recent slowing economic growth is not the result of the natural maturing of an economy, but rather may reflect the diminished pace of economic form and the resurgence of the state in resource allocation since President Xi Jinping assumed power in 2012. His talk highlighted numerous examples of the growing tilt towards the state sector, such as the delinking of credit allocation with differences between state and private sector firm rates of return on assets and the impacts of enterprise subsidies.
Navigating the World of the U.S.-China Trade War and Technology Distrust: A Conversation with James McGregor
On January 8, 2019, James McGregor, Chairman of Greater China, APCO Worldwide, shared his insights on the current status of U.S.-China relations. He argued that the current trade war is not another downturn in U.S-China relations, but rather a paradigm shift that’s uncertain how it will end. James suggested that joining a trade pact such as TTP would allow for the two different systems to form an enforceable, multilateral and rule-based trading framework.
Washington State China Relations Council appoints J. Norwell Coquillard as the new Executive Director
Marc Berger, the Chairman of the Washington State China Relations Council announced that . J. Norwell Coquillard have been appointed as the new Executive Director of the WSCRC.
Mr. Coquillard’s background includes over 33 years of living in Asia primarily in Japan and China. For the major share of that time he was President of the agribusiness firm, Cargill Incorporated, in those two countries. He moved from Tokyo to Shanghai in 1998 and witnessed the tremendous change and development that China experienced during those 18 years. In his time in China he helped Cargill build a business from one that employed approximately 300 people in four locations to one that had over 5,000 employees in over 40 operations nationwide. Mr. Coquillard served as the Chairman of the American Chamber of Commerce in Shanghai (Amcham) from 2008 to 2009. From 2010 until returning to the U.S. in 2016, he ran the China branch of the international non-profit, Enactus.
US-China Women’s Leadership Forum: Professional Growth Advice for Attorneys
On January 9, 2019, the Washington State China Relations Council organized a panel discussion as part of the U.S.-China Women’s Leadership Forum. The discussion focused on professional growth advice for attorneys, and was led by three legal practitioners experienced in China/Asia and U.S. relations. Sara Sandford, a principal attorney at Garvey Schubert Barer, works with clients from around the world in all stages of establishing, acquiring, and operating businesses across borders. Amy Sommers was former chief representative of K&L Gates in Shanghai, advising multinational companies on their strategic initiatives. Yuping Wang, a partner at Davis Wright Tremaine, advises U.S. and foreign companies on their operations in China. WSCRC Board Directors Annamarie Larson, attorney at K&L Gates, and Ada Danelo, attorney at Garvey Schubert Barer, moderated the discussion.
Based on their personal experiences, the speakers shared their candid insights on a series of questions that are central to practicing cross-border U.S.-China laws with the audience—a group of female attorneys and law school students.
Generalist approach vs. specialized approach to practicing in U.S.-China laws. All three speakers agree that even though a legal practitioner must possess strong skills in areas of practice, it is also important to understand related issues to avoid being pigeonholed, especially when working in a small firm. They also spoke highly of the role of business organizations, specifically WSCRC, in helping to build professional networks. Panelists predicted that intellectual property, data privacy, and healthcare will be increasingly important practice areas in the future.
How to find and retain clients? All speakers see professionals in the other fields, lawyers in other jurisdictions, colleagues, and existing clients as important sources of finding new clients. Regarding retaining clients, echoing Sara’s remarks, Yuping emphasized existing clients are a legal practitioner’s “bread and butter,” not only because they are easier to work with due to longstanding relationships, but also because it means less marketing time. Most of her project-based clients are in fact from existing clients.
Practicing in China or in the Chinese office of a U.S. law firm. Even though the answers depend on where a legal practitioner wants to locate, and whom they wish to represent, the consensus was that it is not easy for a foreign-trained young lawyer to work in China right now. While working in a U.S. law firm, China-born but U.S.-trained young lawyers need to be aware of and able to handle the cultural barriers of working in a U.S. firm with U.S. colleagues. They should also understand how to leverage their Chinese language skills and cultural advantages when practicing U.S.-China laws.
Useful resources that can help keep up-to-date on legal developments. Amy recommended Caixin and Sinocism as good news resources to understand overall business trends. Sara uses China Daily as a channel to receive the Chinese government’s “official” messaging, and The Economist to gain broader perspectives on key political and economic issues. Yuping finds some of the Chinese government’s websites and hotlines provide up-to-date and useful free information on tax and labor issues. Speakers and moderators reiterated that WSCRC events and programs are excellent sources to stay updated on key U.S.-China issues.
In answering questions on their biggest concerns when practicing U.S.-China law, Amy pointed out that clients often do not know the rules and are afraid of being taken advantage of. Yuping compared how U.S. and Chinese businesses and investors see and evaluate risks. Sara noted the importance of being aware of cross-cultural and cross-professional differences.
Upon conclusion, the speakers wished all young attorneys a successful career. In order to be successful, in addition to hard work and persistence, they mentioned that young legal professionals need to be themselves, show clients what they can uniquely offer, and convey to clients an understanding that they are responsible, accountable, and cooperative.
WSCRC extends special thanks to WSCRC board directors Annamarie Larson and Ada Danelo for coordinating the panel and to K&L Gates as venue host.
Summary Author: Man Wang
US-China Women Leaders in Philanthropy
On January 2, 2019, the Washington State China Relations Council held a panel discussion on women in philanthropy in the U.S. and China. Three women experts and leaders in the field—Colleen Willoughby, Susan Heikkala, and Elaine Nonneman—shared their experiences and insights with a delegation of 23 leading philanthropists from China on motivations and effective practices in philanthropy. Emily Weaver, a WSCRC board member, who manages the Richards Rockefeller Fellowship at the Rockefeller Brother Fund, and Victor Kuo, founder of VK Global Advising, moderated the discussion.
Colleen Willoughby is co-founder and former president of the Washington Women’s Foundation. Colleen noted that over the last 20 years, a new space has emerged for women in philanthropy and presented opportunities that were not available in the past. She mainly discussed the collective giving model that was first created by the Washington Women’s Foundation. This form of community financing, where funds are generated from a collection of women members, makes large grants dedicated to community wellbeing possible. The model has been replicated by 65 groups across the U.S., representing a total of 120,000 women.
Susan Heikkala, a former board director of WSCRC, is co-founder and former deputy director of Global Women—Partners in Philanthropy, an organization dedicated to building women’s philanthropy in China. She is also an active member of the Washington Women’s Foundation. Following Colleen’s remarks, Susan added that another reason for women working collectively on these issues is to help nurture leadership, educate members on how to be more effective, and understand and meet the pressing needs within communities. Susan also shared best practices for ensuring the standard and effectiveness of grants, such as inviting local experts to talk about key issues for each grant year and reviewing proposals to evaluate those who are seeking funds at workshops.
Elaine Nonneman is the founder of Channel Foundation and a member for the Women’s Donors Network. Her philanthropy work and grant giving are focused on women’s human rights and social justice in the world. Citing her own experience, Elaine noted that it took her a long time to become conformable being a philanthropist until she joined the Social Justice Fund Northwest, whose purpose was not to solve the symptoms of the problems by simply giving out money, but to get at the root of these problems. Elaine emphasized that there is a place for smaller foundations like the Channel Foundation to meet the needs of organizations (e.g., start-ups and grassroot initiatives) that are too small to be supported by large grants. She explained the importance of a global network and working closely with local partners for fundraising. Being a member of the Women’s Donors Network enables her to understand how collaborative work can bring knowledge and experience to local organizations.
A lively and informative Q&A session followed the panelists’ remarks. After expressing their appreciation to the three experts’ contributions to philanthropy and their insights into women and philanthropy, the Chinese delegation expressed interests in issues related to grant-giving focus, collaboration standards, and how to evaluate a project and potential grantees. Colleen emphasized a foundation should be as “innovative as responsive,” and it is vital to have an experienced grant committee. Susan explained a collaborative way for project/fund evaluation—instead of telling what the grantees should do, her organization relies on the grantees to measure their own work and identify and overcome challenges; they meet with the grantees once a year for three years after giving a grant.
The panelists are very interested in the development of philanthropy in China, and women’s roles in the field. The delegation responded that the direction of China’s women philanthropy has changed from general grantmaking on women’s health and employment to more focused issues such as gender equity. Another representative from the delegation also noted that in big cities like Beijing, Shanghai, Guangzhou, and Shenzhen, there are more women philanthropists than their male counterparts.
At the conclusion of the event, both parties expressed the needs to continue this conversation in greater depth.
WSCRC extends special thanks to WSCRC board member Annamarie Larson of K&L Gates for generously providing the meeting venue and beverages.
Summary Author: Man Wang
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