CHINA-US BUSINESS FORUM

Date: February 14-15, 2006

Venue: The Great Hall of the People, Beijing

Day One, February 14, Tuesday, (The Great Hall of the People, Beijing)

08:00-09:00 Registration

09:00 Opening: The emcee introduces the VIPs.

09:05 Welcome address: Wang Chen, President of the People's Daily of China.

09:10 Welcome address: Zhang Liyong, President, China General Chamber of Commerce in USA.

09:15 Keynote address

China State Leader (to be confirmed).

09:25 Orations by US VIPs

10:00 Keynote speech

"Avenue to China-US Business Win-Win Tomorrow"

By Mr. BO Xilai, Minister of Commerce, China (to be confirmed).

10:35 Coffee Break.

10:45 Market Access: Chinese Market Always Opens to American Business.

China has opened her market in the past four years strictly on timetable according to her WTO commitments.

There will be a brief review in the following aspects: what are the benefits and opportunities to American companies brought by the 4-year opening of Chinese market; what impetus the 4-year opening of Chinese market has created for Chinese reform, opening-up and modernization drive.Prospects, difficulties and solutions for further opening-up of Chinese market. Expectations from American companies and possible areas of cooperation.

Chinese leader or expert in agricultural area

Mickael Kantor, Former Secretary of Commerce and U.S. Trade Representative (to be confirmed)

Representative from Ministry of Commerce, China (to be confirmed)

Stephen Roach, Chief economist of Morgan Stanley (to be confirmed)

John L. Holden, Former President of National Committee on US-China Relations

12:00 Luncheon

Keynote speech: Trade Frictions and Road to China-US Win-Win Tomorrow.

Alexander Haig, former US Secretary of State (to be confirmed).

13:30 Solutions to Trade Imbalance.

Assessment of the huge China-US trade imbalance from a global perspective.

The inter-relationship between US trade deficit to China and US long-term structural global trade deficit. Industry complement and China-US trade imbalance. Discussion on the reasons and solutions to Trade imbalance from each angle of both countries. Best options for Chinese and US governments and companies: Global advantage of American products and their potentials in export to China. American products are popular in China and there is thus a huge market with great potential in China for American SMEs.

Robert Kapp, Former President of US-China Business Council

Mr. XIE Fuzhan, Deputy Director of Development Research Center of State Council, China

Craig Allen, Minister Counselor for Commercial Affairs, US Embassy in Beijing

Mr. CHEN Baosen, Researcher of American Study Institute, Chinese Academy of Social Sciences

15:00 IPR Protection: A Key Issue in China-US Long Term Cooperation.

IPR protection is always required by US government and companies to China in improving market and legal environment. The two countries have been actively cooperating in recent years. It is necessary to review the progress and problems in China's IPR protection as well as the most necessary and feasible cooperation steps for both countries.

Representative from State Intellectual Property Office Of P.R.C (to be confirmed)

Deborah Lehr, President of Stonebridge-China, Former Assistant US Trade Representative, US Chief Negotiator for China's accession to WTO

John Frisbie, President of US-China business Council (to be confirmed).

16:00 Coffee Break.

16:10 Flotation of RMB Exchange Rate and China-US Business Relations.

US appreciation for RMB exchange rate reform on July 21 2005. Any linkages between China-US trade imbalance and RMB exchange rate: historical and empirical studies.

Discussion on the advantages and disadvantages to both China and US if US raises tariffs on Chinese products: Quantitative impacts of RMB exchange rate flotation on China-US trade prospect and the US investment in China.

Ezra Vogel, Former Director, Fairbank Center for East Asian Research, Harvard University (to be confirmed)

XIA Bin, Director of Financial Research Institute, Development Research Center, State Council, China

Lawrence J. Lau, Vice-Chancellor, The Chinese University of Hong Kong (to be confirmed)

He Weiwen, Secretary-General of the Organizing Committee of China-US Business Forum, Former Economic and Commercial Counselor of Chinese Consulates General in San Francisco & New York.

17:30 Cross-Border M&A: International Operation of Chinese Companies and US Policy Options.

Lenovo's purchase on IBM PC division is a big step of internationalization of Chinese companies. Opposition to CNOOC's purchase on Unocal shows the worries from some Americans. In fact, China's M&A investment in US has brought new benefit to US employment, inland revenue and companies. The internationalization progress of Chinese companies is still at the initial stage, which needs more exploration in practice. The relevant US policy options.

Henry Paulson Jr., Chairman and CEO of Goldman Sachs & Co. (to be confirmed)

Liu Chuanzhi, Chairman of Lenovo (to be confirmed)

Stapleton Roy, Former US Ambassador to China; Managing Director of Kissinger Associates, Inc. (to be confirmed).

19:00 Dinner.

Address:

Mr. WAN Jifei, Chairman, China Council for the Promotion of International Trade (to be confirmed)

Thomas J. Donohue, President and CEO, US Chamber of Commerce (to be confirmed)

Day Two, February 15, Wednesday, (Beijing Hotel)

9:00 Mutual complement for a win-win tomorrow: Cooperation between Chinese and American local governments and companies.

US advantages and resources: State Governors, principals of state business delegations or principals of chambers of commerce of Massachusetts, Nevada, Ohio, Utah, etc; Chinese markets and resources: Provincial and municipal governments and their business delegations.

10:20 Case study of win-win cooperation between Chinese and US companies:

COSCO's container direct call of Mass Port; HP in China; Alibaba and Yahoo! China. Huicong (Assistance to developing Chinese markets for American Business)

11:00-17:00 Business Matchmaking.

12:00 V.I.P. Lunch (buffet for the others)

17:00 Closing ceremony (Plenary).

Declaration of China-US Business Forum: "Down-to-earth, Vision to Win-Win".

Closing speeches:

Former minister of Chinese government (to be confirmed).

Stephen A. Orlins, President of the National Committee on United States-China Relations (to be confirmed).

17:40 Close.

Post-forum business visits to selected Chinese provinces and cities by US State and business delegations, with all expenses covered by Chinese host local governments.