Chinese enterprises seek to integrate into U.S. society

Source: Xinhua

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Li Jie, executive director of the China General Chamber of Commerce-USA Chicago (CGCC Chicago), speaks at a workshop held in the northern suburbs of Detroit, the United States, on Nov.15, 2019. A dozen Chinese enterprises running business in the US midwestern state of Michigan gathered on Friday at a workshop to discuss how to better integrate into the American society.

DETROIT, Nov. 15 (Xinhua) — A dozen Chinese enterprises running business in the U.S. midwestern state of Michigan gathered on Friday at a workshop to discuss how to better integrate into the American society.

At the event organized by the China General Chamber of Commerce-USA Chicago (CGCC Chicago), representatives from Grant Thornton, a global leading accounting firm, Hylant Insurance, a large U.S. insurance broker and full-service law firm Locke Lord briefed the audience on U.S. taxation rules and policies, as well as risk management.

“There are conflicts in many fields, say the cultural conflict when we hire local employees,” said Liu Lei, deputy general manager of CAEA Automotive Electronic Systems (USA) Inc., the U.S. arm of China’s Changjiang high-tech company.

Noting that the United States has more rules and regulations on enterprises than China, Liu told Xinhua that the workshop is helpful as “we need to adapt to the requirements.”

According to Li Jie, executive director of the CGCC Chicago, Chinese enterprises in the United States should have precautions against risks and “shoulder some social responsibilities to enhance their image and be rooted in local people in the United States.”

“When in Rome, do as Romans do,” and that is why the CGCC Chicago organized the workshop, she added.

The CGCC Chicago is a non-profit organization aiming to promote investment and trade between China and the U.S. Midwest.

Trade ties between China and the U.S. Midwest have been close in recent years. Foreign direct investment from China to the U.S. Midwest reached 22.9 billion U.S. dollars in 2018, creating about 45,000 local jobs, and the export trade volume from the U.S. Midwest to China reached 31.2 billion dollars in 2017, creating 216,900 exporting jobs.

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A representative from Grant Thornton, a global leading accounting firm, briefs the delegates of the Chinese enterprises on US taxation rules and policies at a workshop held in the northern suburbs of Detroit, the United States, on Nov. 15, 2019. A dozen Chinese enterprises running business in the US midwestern state of Michigan gathered on Friday at a workshop to discuss how to better integrate into the American society.

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People attend a workshop organized by the China General Chamber of Commerce-USA Chicago (CGCC Chicago) in the northern suburbs of Detroit, the United States, on Nov.15, 2019. A dozen Chinese enterprises running business in the US midwestern state of Michigan gathered on Friday at a workshop to discuss how to better integrate into the American society.

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Liu Lei, deputy general manager of CAEA Automotive Electronic Systems (USA) Inc., the U.S. arm of China’s Changjiang high-tech company, speaks during an interview in the northern suburbs of Detroit, the United States, on Nov.15, 2019. A dozen Chinese enterprises running business in the US midwestern state of Michigan gathered on Friday at a workshop to discuss how to better integrate into the American society.

 

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