FOR IMMEDIATE RELEASE                                                        3 MAY 1991

Beijing — The American Chamber of Commerce in the People’s Republic of China in Beijing celebrated its official registration today with a reception held at the Great Wall Sheraton Hotel. The reception coincided with a ribbon cutting ceremony to celebrate the Official opening of the Chamber’s permanent office, located in the Sheraton. The Chamber also unveiled its official logo, designed by Hill and Knowlton Asia Ltd.

Participants in the ceremony included United States Ambassador to China, Mr. James R. Lilley; Vice Minister of the Ministry of Foreign Economic Relations and Trade, Mr. Tong Zhiguang; Vice Minister of the Ministry of Civil Affairs, Mr. Duo Jicairang; Chairman of the China Council for Promotion of International Trade, Mr. Zheng Hongye; and President of the Chamber, Mr. Dean T.C. Lee, PhD.

On July 4, 1990, the American Chamber of Commerce in Beijing submitted its application fro registration under the “Provisional Rules for Administration of Foreign Chambers of Commerce,” adopted by the State Council on April 28, 1989, effective as of July 1, 1989.

With the granting of the official license today, the American Chamber of Commerce in Beijing becomes one of the first foreign chambers of commerce in China to receive formal recognition.

During his remarks at the reception, Mr. Lee thanked all those who contributed to the success of the registration: “We owe much to the efforts of my predecessor Mr. Irl Hicks, under whose initiative the registration process was begun; to Coudert Brothers’ Tom Jones for overseeing the registration process; and to Minister Li Lanqing and Vice Minister Tong of MOFERT, minister Duo of the Ministry of Civil Affairs and Chairman Zheng of the China Council for Promotion of International Trade, for all of their cooperation and assistance. We are proud to be among the first foreign chambers of commerce to receive formal recognitions and look forward to expanding our role in promoting understanding and cooperation between China and the United States in the areas of trade and investment.”

There are currently over 90 U.S. corporate and individual members of the American Chamber of Commerce in Beijing. Activities sponsored by the Chamber include speaker programs addressing topics of interest to the membership; a monthly briefing session by the US Ambassador and Minister-Counsellor of the US Commercial Section; drafting of Chamber position papers on issues facing the Chamber for submission to pertinent Chinese and US government agencies, such as the MFN position paper released today; and coordination of meetings between the US business community in China and visiting US Congressional delegations.

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Issued by: The American Chamber of Commerce in the People’s Republic of China in Beijing. For information, please contact Mr. Dean T.C. Lee in Beijing at tel. 512-3422 fax. 512-3428.