China-American Chamber/Interview

American business community in China concerned about trade frictions

  • English

Shotlist


New York City, USA - July 12, 2018 (CCTV - No access Chinese mainland)
1. Various of buildings, traffic, pedestrians

Beijing, China - July 18, 2018 (CGTN - No access Chinese mainland)
2. SOUNDBITE (English)Harley Seyedin, President, American Chamber of Commerce In South China(partially overlaid with shot 3):
"Excessive people have been worrying, not knowing what is really going to happen next, in fact, not really know. We've talked to many of our members. They are standing by, they are watching. They don't know how it will affect their businesses. They really don't know what to order, what not to order. They are kind of worrying about the future. Of course, their worry is not very good for business, either way."
+++SHOT OVERLAYING SOUNDBITE+++
New York City, USA - July 12, 2018 (CCTV - No access Chinese mainland)
3. Pedestrians
+++SHOT OVERLAYING SOUNDBITE+++
4. Pedestrians, Empire State Building

Beijing, China - July 18, 2018 (CGTN - No access Chinese mainland)
5. SOUNDBITE (English)Harley Seyedin, President, American Chamber of Commerce In South China(ending with shots 6-7):
"Well, I'm always worried about the long-term effects. The short-term effects, of course, can be addressed. People always find ways to deal with alternative methods of purchasing the products they need. The long-term effects are what I'm really worried about, because if it goes for a long time and the frictions last, then the both sides, the businesses of both sides are going to start to look for alternatively sources or procurement. So if both businesses from U.S. and China begin to look for other sources for their products, that's not good for the future. They will have serious long-lasting effects on the supply chain, on the shipping rounds available to the products in different countries, prices and market itself."

FILE: Shanghai, China - June 29, 2018 (CGTN - No access Chinese mainland)
6. Various of consumer goods for sale in supermarket
7. Various of customers selecting products

FILE: Chicago, USA - July 21, 2016 (CGTN - No access Chinese mainland)
8. Various of pork for sale in supermarket

FILE: Detroit, USA - Jan 18, 2018 (CGTN - No access Chinese mainland)
9. Various of Ford, Cadillac cars on display at North American International Auto Show (NAIAS) 2018

FILE: Iowa, USA - Nov 2017 (CCTV - No access Chinese mainland)
10. Various of harvester operating in soybean field
11. Soybean field, soybean pods

Beijing, China - July 18, 2018 (CGTN - No access Chinese mainland)
12. SOUNDBITE (English)Harley Seyedin, President, American Chamber of Commerce In South China (partially overlaid with shots 13-14):
"Well, this has a lot to do with this state of the development China is right now. At this moment, China is still producing a lot of goods for the US market. At the same time, you look at a massive amount of products or services that are developed and produced by American companies in China. And they are actually sold in China, and the benefits go back home, and create jobs at the headquarters in the cities where those companies are located."
+++SHOTS OVERLAYING SOUNDBITE+++
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
13. Various of manufacturing plants of automobiles
14. Various of automatic robots working
+++SHOTS OVERLAYING SOUNDBITE+++

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
15. Various of soybeans being hoisted at port, dumped into truck

Beijing, China - July 18, 2018 (CGTN - No access Chinese mainland)
16. SOUNDBITE (English)Harley Seyedin, President, American Chamber of Commerce In South China (ending with shots 17-18):
"Yeah, we represent some 2300 members. Our members account for nearly 40 percent of all US-China business, trade and investment. And of course our companies have invested billions of dollars in the Chinese market, and they contribute a great deal in development of China over the last 20, or 25 years. They've been profitable. They have been very successful, and they continue to reinvest in this market. "

FILE: Tianjin, China - Date Unknown (CCTV - No access Chinese mainland)
17. Various of containers at port

FILE: China - Date Unknown (CCTV - No access Chinese mainland)
18. Various of soybeans being hoisted at port

Storyline


The American business community in China is concerned about the future amid trade frictions and disputes between the United States and China, according to the president of the American Chamber of Commerce in South China (AmCham South China) in Beijing on Wednesday.

Harley Seyedin, President of AmCham South China, said his members are following closely the ongoing trade disputes between the two countries.

"Excessive people have been worrying, not knowing what is really going to happen next, in fact, not really know. We've talked to many of our members. They are standing by, they are watching. They don't know how it will affect their businesses. They really don't know what to order, what not to order. They are kind of worrying about the future. Of course, their worry is not very good for business, either way," he said.

Compared with short-term effects of the frictions, Seyedin is more concerned about long-term impacts, especially on the global supply chains.

"I'm always worried about the long-term effects. The short-term effects, of course, can be addressed. People always find ways to deal with alternative methods of purchasing the products they need. The long-term effects are what I'm really worried about, because if it goes for a long time and the frictions last, then the both sides, the businesses of both sides are going to start to look for alternatively sources or procurement. So if both businesses from U.S. and China begin to look for other sources for their products, that's not good for the future. They will have serious long-lasting effects on the supply chain, on the shipping rounds available to the products in different countries, prices and market itself,” he said.

In terms of the trade deficit the United States has over China, which is arguably one of the motivations behind the U.S. administration’s tariffs moves against Chinese imports, Seyedin said he believes the deficit is decided by China's development stage.

"This has a lot to do with this state of the development China is right now. At this moment, China is still producing a lot of goods for the U.S. market. At the same time, you look at a massive amount of products or services that are developed and produced by American companies in China. And they are actually sold in China, and the benefits go back home, and create jobs at the headquarters in the cities where those companies are located," said he.

American businesses are investing hugely in the Chinese market and will continue to do so, according to Seyedin.

He said, "We represent some 2,300 members. Our members account for nearly 40 percent of all U.S.-China business, trade and investment. And of course our companies have invested billions of dollars in the Chinese market, and they contribute a great deal in development of China over the last 20, or 25 years. They've been profitable. They have been very successful, and they continue to reinvest in this market. "


DOWNLOAD
  • ID : 8085787
  • Dateline : July 18, 2018/File
  • Location : Beijing,China
  • Category : economy, business and finance
  • Duration : 2'57
  • Audio Language : English/Nats/Part Mute
  • Source : China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Published : 2018-07-19 13:58
  • Last Modified : 2018-07-19 16:34:00
  • Version : 4

China-American Chamber/Interview

American business community in China concerned about trade frictions

Dateline : July 18, 2018/File

Location : Beijing,China

Duration : 2'57

  • English


New York City, USA - July 12, 2018 (CCTV - No access Chinese mainland)
1. Various of buildings, traffic, pedestrians

Beijing, China - July 18, 2018 (CGTN - No access Chinese mainland)
2. SOUNDBITE (English)Harley Seyedin, President, American Chamber of Commerce In South China(partially overlaid with shot 3):
"Excessive people have been worrying, not knowing what is really going to happen next, in fact, not really know. We've talked to many of our members. They are standing by, they are watching. They don't know how it will affect their businesses. They really don't know what to order, what not to order. They are kind of worrying about the future. Of course, their worry is not very good for business, either way."
+++SHOT OVERLAYING SOUNDBITE+++
New York City, USA - July 12, 2018 (CCTV - No access Chinese mainland)
3. Pedestrians
+++SHOT OVERLAYING SOUNDBITE+++
4. Pedestrians, Empire State Building

Beijing, China - July 18, 2018 (CGTN - No access Chinese mainland)
5. SOUNDBITE (English)Harley Seyedin, President, American Chamber of Commerce In South China(ending with shots 6-7):
"Well, I'm always worried about the long-term effects. The short-term effects, of course, can be addressed. People always find ways to deal with alternative methods of purchasing the products they need. The long-term effects are what I'm really worried about, because if it goes for a long time and the frictions last, then the both sides, the businesses of both sides are going to start to look for alternatively sources or procurement. So if both businesses from U.S. and China begin to look for other sources for their products, that's not good for the future. They will have serious long-lasting effects on the supply chain, on the shipping rounds available to the products in different countries, prices and market itself."

FILE: Shanghai, China - June 29, 2018 (CGTN - No access Chinese mainland)
6. Various of consumer goods for sale in supermarket
7. Various of customers selecting products

FILE: Chicago, USA - July 21, 2016 (CGTN - No access Chinese mainland)
8. Various of pork for sale in supermarket

FILE: Detroit, USA - Jan 18, 2018 (CGTN - No access Chinese mainland)
9. Various of Ford, Cadillac cars on display at North American International Auto Show (NAIAS) 2018

FILE: Iowa, USA - Nov 2017 (CCTV - No access Chinese mainland)
10. Various of harvester operating in soybean field
11. Soybean field, soybean pods

Beijing, China - July 18, 2018 (CGTN - No access Chinese mainland)
12. SOUNDBITE (English)Harley Seyedin, President, American Chamber of Commerce In South China (partially overlaid with shots 13-14):
"Well, this has a lot to do with this state of the development China is right now. At this moment, China is still producing a lot of goods for the US market. At the same time, you look at a massive amount of products or services that are developed and produced by American companies in China. And they are actually sold in China, and the benefits go back home, and create jobs at the headquarters in the cities where those companies are located."
+++SHOTS OVERLAYING SOUNDBITE+++
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
13. Various of manufacturing plants of automobiles
14. Various of automatic robots working
+++SHOTS OVERLAYING SOUNDBITE+++

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
15. Various of soybeans being hoisted at port, dumped into truck

Beijing, China - July 18, 2018 (CGTN - No access Chinese mainland)
16. SOUNDBITE (English)Harley Seyedin, President, American Chamber of Commerce In South China (ending with shots 17-18):
"Yeah, we represent some 2300 members. Our members account for nearly 40 percent of all US-China business, trade and investment. And of course our companies have invested billions of dollars in the Chinese market, and they contribute a great deal in development of China over the last 20, or 25 years. They've been profitable. They have been very successful, and they continue to reinvest in this market. "

FILE: Tianjin, China - Date Unknown (CCTV - No access Chinese mainland)
17. Various of containers at port

FILE: China - Date Unknown (CCTV - No access Chinese mainland)
18. Various of soybeans being hoisted at port


The American business community in China is concerned about the future amid trade frictions and disputes between the United States and China, according to the president of the American Chamber of Commerce in South China (AmCham South China) in Beijing on Wednesday.

Harley Seyedin, President of AmCham South China, said his members are following closely the ongoing trade disputes between the two countries.

"Excessive people have been worrying, not knowing what is really going to happen next, in fact, not really know. We've talked to many of our members. They are standing by, they are watching. They don't know how it will affect their businesses. They really don't know what to order, what not to order. They are kind of worrying about the future. Of course, their worry is not very good for business, either way," he said.

Compared with short-term effects of the frictions, Seyedin is more concerned about long-term impacts, especially on the global supply chains.

"I'm always worried about the long-term effects. The short-term effects, of course, can be addressed. People always find ways to deal with alternative methods of purchasing the products they need. The long-term effects are what I'm really worried about, because if it goes for a long time and the frictions last, then the both sides, the businesses of both sides are going to start to look for alternatively sources or procurement. So if both businesses from U.S. and China begin to look for other sources for their products, that's not good for the future. They will have serious long-lasting effects on the supply chain, on the shipping rounds available to the products in different countries, prices and market itself,” he said.

In terms of the trade deficit the United States has over China, which is arguably one of the motivations behind the U.S. administration’s tariffs moves against Chinese imports, Seyedin said he believes the deficit is decided by China's development stage.

"This has a lot to do with this state of the development China is right now. At this moment, China is still producing a lot of goods for the U.S. market. At the same time, you look at a massive amount of products or services that are developed and produced by American companies in China. And they are actually sold in China, and the benefits go back home, and create jobs at the headquarters in the cities where those companies are located," said he.

American businesses are investing hugely in the Chinese market and will continue to do so, according to Seyedin.

He said, "We represent some 2,300 members. Our members account for nearly 40 percent of all U.S.-China business, trade and investment. And of course our companies have invested billions of dollars in the Chinese market, and they contribute a great deal in development of China over the last 20, or 25 years. They've been profitable. They have been very successful, and they continue to reinvest in this market. "


ID : 8085787

Published : 2018-07-19 13:58

Last Modified : 2018-07-19 16:34:00

Source : China Global Television Network (CGTN)

Restrictions : No access Chinese mainland

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