Dear President Xi, The ENGAGE CHINA coalition congratulates you on your recent elevation to President of the People’s Republic of China and extends our very best wishes for your success. The coalition also thanks you for your continuing leadership to strengthen the relationship between the United States and China. ENGAGE CHINA is a coalition of twelve financial services trade associations united in our view that active engagement and cooperation between the United States and China remains the most constructive means of ensuring that the citizens of both nations mutually benefit from the growing bilateral economic relationship. Download pdf
Dear Mr. Secretary, In advance of the U.S.-China 2012 Strategic & Economic Dialogue (S&ED), the undersigned members of the ENGAGE CHINA coalition and The U.S. Chamber of Commerce write to respectfully urge you to ensure that continued financial reform and modernization in China– including greater foreign participation – will be a priority item on the S&ED’s agenda. We are strongly of the view that a sharp focus on continued reform is highly appropriate, given the importance of ongoing reform to China’s long-term growth prospects – and given the importance of a growing China to American manufacturers, service providers, and farmers. Download pdf
The ENGAGE CHINA coalition thanks you for your continuing leadership to strengthen the relationship between the United States and China. We welcome you to the United States and hope that your visit will be informative and enjoyable. Through your leadership, we also hope that your visit will provide the opportunity to reinvigorate discussions on financial services in the Strategic & Economic Dialogue. Download pdf
The undersigned members of the ENGAGE CHINA coalition write to you ahead of your trip to China to applaud the Administration's ongoning commitment to build upon the critical U.S.-China economic partnership — one of the most important bilateral relationships in the world. Download pdf
Dear Mr. President, The undersigned members of the ENGAGE CHINA coalition wish to join you in welcoming President Hu Jintao to the United States of America. We commend your Administration for its ongoing commitment to build upon the critica U.S.-China economic partnership — one of themost important bilateral relationships in the world. Download pdf
Dear Mr. Chairman and Ranking Member Camp: On behalf of the undersigned organizations and their members, we write to express our strong opposition to H.R. 2378, the Currency Reform for Fair Trade Act, which seeks to address concerns regarding the value of China's currency. We understand that this measure will be discussed at the Ways & Means Committee's September 15th hearing on China's exchange rate policies. Read more...
Dear Speaker Pelosi and Majority Leader Hoyer: On behalf of the undersigned organizations, we write to urge you to reject the inclusion of legislation to address concerns regarding the value of China's currency in the package of manufacturing bills you plan to bring before the House of Representatives next week. H.R. 2378, the Currency Reform for Fair Trade Act, will not bring manufacturing jobs back to the United States. Instead, the bill will likely result in the loss of jobs and market share in many competitive US agricultural, manufacturing and service industries that either operate in, or export to China, and/or rely on global supply chains for importing and exporting - all of which are vital to US business and the US economy. Read more...
Dear Senator: On behalf of the undersigned organizations, we write to urge you to oppose an amendment that may be offered to pending legislation to address concerns regarding the value of China's currency. Sponsors of the Currency Exchange Rate Oversight Reform Act have indicated they will seek to add the bill as an amendment to moving legislation as early as this week. Read more...
Dear Secretary Geithner, On behalf of the members of the ENGAGE CHINA coalition, we look forward to working with you and your colleagues at the Department of the Treasury as you work to secure our nation's economic recovery. As you prepare for the upcoming Strategic & Economic Dialogue in Beijing, we write to respectfully request that you raise with your Chinese counterparts the critical importance of further reform and modernization of China's capital markets. The G20's expressed priority of pursuing more balanced global economic growth and the need for continued reform and modernization of China's financial system are inextricably linked. Read more...