 SINA.com in Alliance with PKUAANC Presents: Opportunities in China Market SINA.com in Alliance with PKUAANC Presents: Opportunities in China Market - GE Experience --An Evening with David Wang, Chairman/CEO, GE (China) Co. Ltd. ------------------------------------------------------------------------ "BusinessWeek ranks companies in 21 countries by market
capitalization. For the second year, General Electric Co. (GE) ranks No.
1" Speaker: David Wang, Chairman/CEO, GE (China) Co. Ltd. 6:00 - 7:30 pm: reception and mixer Event In Alliance with: PKUAANC ============================================= Tickets: Regular (After 8/6/01): Group Rate: $32/attendee (After 8/6/01): Available to 3 or more registrants from the same company. All participants must register at the same time. Please bring business cards/or company badges to reception table to verify At Door: Detail online: http://business.sina.com/ge
According to the World Bank Regional Economic Review, "China is expected to remain the fastest growing economy among east Asian countries, with its GDP growth projected at 7.3 per cent in the period leading up to the country's entry into the World Trade Organization." In 2000, China achieved an 8 per cent GDP growth rate, one of the highest rates of any country in the world. What does the word "China" mean to you? Does it mean business opportunities? Job openings? A market of 13 billion people? Or simply three words: a gold mine? While some of us get bogged down in heated discussions on such topics as: "China soon to enter the WTO," or "First mover advantage in getting a share of the vast market in China," many Fortune 500 firms have already geared up and have started to explore their opportunities. Are you ready to do the same? Or do you still have a great many questions and uncertainties to tackle? Let's listen to the master who has already been there and can point the way to the rest of us. ===================================================== 1. Overall Strategy: GE (China) Co., is responsible for the development of GE market and business resources in China, what are the strategies to take maximum advantage of the exciting opportunities in the fast-growing China market? 2. Product strategy: GE China has opened 25 branch offices and established over 30 joint ventures or wholly-owned enterprises in China with total investment over US$1.5 billion in a variety of industries including appliances, medical, capital and so on. What 's your primary focus in the China Market? What main products/services do you strongly promote? 3. Investment strategy: GE Capital has successfully established 6 operations, what are the challenges GE facing in terms of looking for direct investment opportunities in financial companies and manufacturing enterprises in China? 4. Marketing strategy: How to build and maintain a brand in China? 5. PR strategy: How does GE build relationship with Chinese government? 6. Projections for hi-tech inter-trading between US and China when China enters WTO Area also covered: 1. Is there any difference for an executive to run an international
business in China with Chinese background vs. one without? About David Wang Chairman and CEO, GE (China) Co., Ltd. David C. Wang is Chairman & CEO of GE (China) Co. Ltd. He was appointed to this position in January 1997. He is responsible for leading GE's business development, initiatives and government relations activities in China and is based in Beijing. Wang has been in GE for 20 years. He joined General Electric at GE Motors, Fort Wayne, IN as Manager of Product Engineering in 1980, and since then has served various Engineering, Project and Manufacturing roles until moving to Juarez, Mexico as Plant Manager in 1988. In 1990 he joined GE Medical Systems and moved to Beijing to negotiate and start up the GE Hangwei joint venture (first for GE in China). In 1993 he returned to GEMS headquarters at Milwaukee and served on the China Growth Team while negotiating 2 additional jv's. In 1995 David was appointed National Executive for Malaysia, Singapore and Brunei located in Kuala Lumpur. Wang was born on April 28, 1944 in Fujian Province, China, but left China in 1949 with his family. He then received his primary education in Hong Kong, his secondary education in Indonesia, and graduated from St. Louis University with a B.S. degree in Electrical Engineering in 1967. After graduation he ran a family business in Mfg/ Import/Export in Jakarta for 3 years, then returned to the US and served in various engineering capacities at Emerson Electric in St Louis for 10 years. During that time he received the Masters degree in Electrical Engineering from University of Missouri at Rolla. Announcing his appointment for China, Paolo Fresco, the then Vice Chairman and Executive Officer of GE, noted that Wang's "strong technical background, coupled with extensive experience in GE's Asian and North American operations, make him uniquely qualified to help promote the company's growth in China." In 1999, Wang won a "Friendship and Great Wall Award" by the Beijing Municipal Government for his effort to lead GE to contribute to the social and economic development of the Chinese Capital. Wang received a Vice President Award in 1987. Mr. Wang holds 3 patents. Wang is married to Darlene and has a son who is a first year college student at Washington University in St. Louis. ===================================================== BusinessWeek ranks companies in 21 countries by market capitalization.
For the second year, General Electric Co. (GE) ranks No. 1. GE (China) Co., Ltd. acts as an investment vehicle for GE's projects in China and provides services to GE's branches, joint ventures and affiliates in China, including currency management, marketing, purchasing, and after sales support. GE (China) Co., Ltd. gives logistics support and advice to GE businesses by representing GE's interests at government level. It also actively supports management training programs with Chinese customers, partners, and government leaders. Besides, GE (China) Co., Ltd. is responsible for the development of GE market and business resources in the fast-growing markets to take maximum advantage of exciting marketing opportunities. All GE businesses have started operating in China. GE China has opened 25 branch offices and established over 30 joint ventures or wholly-owned enterprises in China with total investments over US$1.5 billion.
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