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New Technologies Bring New Opportunities: US-China Business Forum

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George Wang, vice chairman of Zhonglu Group, said at the US-China Business Forum in New York on Tuesday that advances in technology will help U.S. and Chinese companies work together amid geopolitical tensions. said that new methods of

For example, in the field of electric vehicles, change is fast and entanglement is fast. Tesla has become one of China’s largest electric car makers in recent years. Meanwhile, his BYD, backed by Warren Buffett but little known outside of China, has achieved a market capitalization greater than GM and Ford combined and has become a supplier to Tesla.

“Just a few years ago, who would have imagined?” Wang said of the relationship between Tesla and BYD. “We are seeing new forms of US-China cooperation taking shape.” announced plans to invest more than $900 million of his in

Wang’s father, Wang Chaobin, founded Zhonglu in Zhengzhou over 30 years ago. He has an estimated worth of his $1.9 billion on the Forbes Real-Time Billionaires List. “We are proud of what the private sector has contributed to China,” said Wang.

Indeed, Wang noted, “Over the past few years, the Chinese and US economies have had their ups and downs,” as has the currently tense political relationship.

Nevertheless, “the US-China business community still hopes that relations between the two countries will be significantly improved,” Wang said. He said the removal of the tariffs imposed under President Trump would benefit the economy and businesses from both sides.

The 4th The US-China Business Forum, held at Forbes on Fifth New York, was hosted by Forbes China, the Chinese version of Forbes. The rally was held in person for the first time since 2019. Held online during the height of the Covid 19 pandemic in 2020 and 2021.

Other speakers included Qin Gang, Chinese Ambassador to the United States. Wei Hu, General Chamber of Commerce of China – President of the United States. James Shih, SEMCORP Vice President. Abbey Lee, Director of Corporate Communications and Research, General Chamber of Commerce of China. Audrey Lee, managing director of BYD America. Lu Cao is Managing Director of Global Corporate Bank, Corporate and Investment Bank, JP Morgan.

Stephen A. Orleans, Chairman of the National Committee on U.S.-China Relations, also spoke. Sean Stein, president of the American Chamber of Commerce. Ken Jarrett, senior his advisor at Albright Stonebridge Group; John Kerch He is Dean Honorary Chairman and Honorary Chairman of CEIBS’ International Advisory Board. Dr. Bob Li, Memorial Sloan Kettering Cancer Center, Physician Ambassador for China and Asia Pacific. Yue Sai Kang, Co-Chair, China Institute.

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