On the 25th of March AustCham Beijing, AmCham China, The British Chamber, The European Chamber, and KPMG hosted an exclusive briefing on KPMG’s China Outlook 2016.
The sold-out briefing unpacked the report with reference to the future of China’s economy and what this means for foreign businesses and governments navigating these changes. Vaughn Barber (Global Chair, Global China Practice, Head of Infrastructure, KPMG China) opened the briefing, which was moderated by David Frey (Partner, Markets Strategy, KPMG China) and included a panel of John Williams (Managing Director, International SOS China), Glenn Corrie (CEO, Sino Gas & Energy Holdings Ltd.), and Sarah E. Kemp (Minister Counsellor for Commercial Affairs, U.S. Embassy, Beijing, China).
Central to the diverse panel discussion was China Outlook 2016’s main hypothesis on the nation’s emerging two-track economy. In this two-track system, basic manufacturing and traditional industry encompasses one track, while services, advanced manufacturing and consumer markets makes up the second track. The report posits that the two-track structure will change current business landscapes, and in responding to the needs of track one and the opportunities of track two, FDI and ODI will act as key enablers of a transition from an investment driven economy to a consumer based one.
Panelists proceeded to discuss the optimism of inward and outward investment opportunities in China, the potential of a governmental credibility gap, sector-wide changes in China over the past decade, and the 13th Five Year Plan growth targets.
Question time followed, with SOE’s and SME’s, overseas government relations, and hiring trends in Chinese SOE’s providing the foundations for more insightful discussion. The event concluded as an undoubted success, giving audience members an exciting opportunity to learn more about KPMG’s China Outlook 2016 from a wide range of viewpoints.
Join AustCham Beijing, AmCham China, The British Chamber and The European Chamber for an exclusive joint chamber briefing on KPMG’s China Outlook 2016. KPMG’s premier report on China provides analysis and commentary on China’s inward and outward investment patterns and the country’s economic restructuring. The report finds that China’s transition from an investment- and export-led growth model to one driven by consumption and innovation has led to the emergence of a two-track economy. The first track, in basic manufacturing and traditional industries, is experiencing significant headwinds, while the second, in services, advanced manufacturing and consumer markets is exhibiting strong growth potential. This will be a great opportunity to hear from KPMG China’s Vaughn Barber and David Frey, followed by an expert panel co-organized by the four chambers. We invite guests for networking drinks following the event.
3:30PM – 4:00PM: Arrival and Registration – Tea and Coffee
4:00PM – 4:25PM: Opening speech by Vaughn Barber (Global Chair, Global China Practice, Head of Infrastructure, KPMG China) & David Frey (Partner, Markets Strategy, KPMG China)
4:25PM – 5:00PM: Panel Discussion
- Moderator: David Frey – (Partner, Markets Strategy, KPMG China)
- John Williams – (Managing Director, International SOS China)
- Glenn Corrie – (CEO, Sino Gas & Energy Holdings Ltd.)
- Sarah Kemp – (Minister Counsellor for Commercial Affairs, Embassy of the United States)
5:10PM – 5:30PM: Q&A session
5:30PM: Networking Drinks at MEI Whisky Bar, Level 5 (Tied in together with March Aussie Drinks, attendees for this event will gain free entry)
Date: Friday, 25th March 2016 (Click here to add this event to your outlook calendar or iCal)
Time: 3:30PM – 5:30PM
Cost: 150RMB (Members) 250RMB (Non Members)
Venue: Salon 301, Rosewood Beijing /贵宾厅301, 北京瑰丽酒店
Address: Jing Guang Centre, Hujialou, Chaoyang District, Beijing / 中国北京市朝阳区呼家楼京广中心
Vaughn Barber ( Global Chair, Global China Practice, Head of Infrastructure, KPMG China)
A fluent Mandarin speaker, Vaughn has extensive experience leading global teams to assist Chinese state-owned and privately-owned companies conduct large-scale overseas M&A transactions in various sectors including energy and power, mining, financial services, manufacturing and infrastructure. Recent landmark transactions that Vaughn has advised on include CNOOC Limited in respect of its USD 15.1 billion acquisition of Nexen Inc and CITIC Securities in respect of its USD 1.2 billion acquisition of CLSA.
An experienced international tax professional, one of the leading tax advisers in China listed in the Expert Guide published by Legal Media, and an Asialaw 2013 Leading Lawyer, Vaughn joined KPMG Hong Kong from Australia in 1996 and became a partner in July 2000. After working in Hong Kong for nearly 15 years Vaughn relocated to Beijing in early 2011 where he continues to provide tax advisory services to Chinese outbound investors.
Vaughn is currently a director of the China-Australia Chamber of Commerce in Beijing. He also served as a member of the Study Group established by the Bauhinia Foundation Research Centre from 2007 to assess the business competitiveness of Hong Kong’s tax system and provide recommendations on tax policy changes and priorities.
He is a regular speaker and commentator on China outbound matters and is the author of KPMG’s highly successful report: The Dream Goes On: Rethinking China’s Globalization (大潮汹涌，梦想可及——再思中国企业全球化).
David Frey – (Partner, Markets Strategy, KPMG China)
David is a Partner for Markets Strategy with KPMG in China. He advises multinational companies on strategic growth and expansion opportunities in China and across Asia Pacific. In addition, he leads KPMG’s US-China Strategic Corridor and has responsibility for the development of KPMG’s cross-border advisory profile among companies and governments in the world’s two largest economies.
David has spent nearly twenty years in industry and consulting roles for clients in China, across Asia Pacific and in the Americas. He appears regularly as a guest commentator in print media and on CNBC and CCTV regarding China’s economic development. David’s views are called upon by both foreign governments and the China government, having served as an expert witness at a US Congressional Commission hearing in Washington on China’s Five Year Plans, chairing a roundtable session at China’s prestigious Party School and hosting numerous sessions with the Development Research Center (DRC) of the State Council regarding the financing of China’s urbanization. Additionally he has been invited to participate in several closed-door sessions with Ambassadors posted in China, and frequently provides background briefings to company Boards meeting in China.
Before beginning his consulting career, David worked at the Development Centre of the OECD in Paris, as an aide to a United States Senator in Washington, and in strategic planning roles with two global telecommunications companies.
David holds a M.A. degree from the Johns Hopkins School for Advanced International Studies (SAIS) in international relations, and graduated with Honors from the University of Kansas, where he was named to Phi Beta Kappa. He has been appointed to the Advisory Council of the Hopkins-Nanjing Center, the first Sino-US university joint venture, for which charter negotiations began in the late 1970s. He currently lives in Shanghai with his wife and three children.
John Williams – (Managing Director, International SOS China)
John Williams is the Managing Director of International SOS China, based in Beijing.
Graduating from the University of Leeds (UK) and Fudan University in Shanghai, in Chinese, German and Management Studies, Mr. Williams began his business career with the Sedgwick Group, London as an Insurance Broker. His appointment as General Manager of Sedgwick Group’s China subsidiary, took Mr. Williams to Beijing in 1989. In 1998 Mr Williams was appointed as General Manager of International SOS Beijing, later as Regional General Manager of International SOS China and then as Managing Director for Partnership an