Colin Renk

Mar. 2, 2018: China Business Career Fair

 Posted by on February 4, 2018  Past Events  Comments Off on Mar. 2, 2018: China Business Career Fair
Feb 042018

Meet and recruit Indiana University students from a wide variety of majors for internship and full-time positions. The networking fair is designed for Chinese and Hoosier businesses looking to recruit full-time, part-time, and internship positions.

Sponsored by ACSI and Indiana University’s Career Services Council, Chinese Student Scholars Association, and Chinese Business Association.

Date:     Friday, March 2, 2018

Time:     11:00 a.m. – 1:00 p.m.

Location: Indiana University-Bloomington, Indiana Memorial Union // 900 E. 7th Street, Bloomington

Cost: Free for employers

Registration: If you are interested in attending this event, and would like more information please contact Colin Renk at

Feb. 18, 2018: Chinese Shenzhen Golden Bell Concert

 Posted by on January 31, 2018  Past Events  Comments Off on Feb. 18, 2018: Chinese Shenzhen Golden Bell Concert
Jan 312018

Chinese Shenzhen Golden Bell Youth Chorus Concert with the Indianapolis Children’s Choir

When: Sunday, February 18, 4pm

Where: Cornerstone Lutheran Church, Carmel Location | 4850 E Main Street, Carmel, IN 46033

Free Concert

Regarded as the “National Exemplary Choir of China” and the “National Excellent Choir of China”, the Shenzhen Golden Bell Youth Choir will present a colorful and engaging concert with the Cantantes Angeli choir of the Indianapolis Children’s Choir.

Feb. 13, 2018: 2nd Annual Flagship International Symposium

 Posted by on January 22, 2018  Past Events  Comments Off on Feb. 13, 2018: 2nd Annual Flagship International Symposium
Jan 222018

The Second Annual Flagship International Symposium 2018 will be held at Ivy Tech, 60th Street, Anderson, Indiana, on Tuesday, February 13, 2018, gathering at 8:30am, program begins at 9am until 1:30pm. The theme of is “Coming To America – Overcoming the Hurdles.” In addition there will be discussion on International protocol and global competency, such as learning how intercultural communication skills can improve relations between you and your international counterparts and/or colleagues in our new diverse workforce that has been created. There will be representatives from The International Center (, LUNA Language Services ( and the America China Society of Indiana ( We are please these highly respected organizations have agreed to speak at the symposium.

Indiana is a magnet for new international companies. Represented within Madison County are 8 different Countries, operating 20 International Companies, investing over $1.4 Billion in our communities, employing over 3,500 people. These numbers grow every year! We are Madison County, a diverse and united community! Don’t miss a chance to learn from the experts.

Registration: $30.00 per person, which includes continental breakfast and lunch. Space is limited so please register to guarantee a spot. Programming from 9am until 1:30pm. Gathering at 8:30am.



Feb. 2, 2018: International Center Annual Meeting

 Posted by on January 10, 2018  Past Events  Comments Off on Feb. 2, 2018: International Center Annual Meeting
Jan 102018

Please join us for reflections on a successful transition year, as Martin Baier, who assumed the role of International Center President and CEO in January 2017, highlights Center milestones achieved in 2017.

The International Center will also announce its 2018 International Citizen of the Year honoree, in addition to a new Rising Star award to be introduced at the 2018 ICY event.

Keynoting The International Center’s Annual Meeting will be an informative exchange between International Center board members Gerry Dick, Host, Inside INdiana Business With Gerry Dick and President, Grow INdiana Media Ventures, and Jim Schellinger, Secretary of Commerce for the State of Indiana. Together they will explore Indiana’s efforts and successes throughout 2017 to attract global interest in Indiana as a new venue for business operations, and provide a preview of what we might expect in the coming year.

Register Now

Jan. 23, 2018: ACSI Elects Two New Board Members

 Posted by on January 23, 2018  News  Comments Off on Jan. 23, 2018: ACSI Elects Two New Board Members
Jan 232018


The America China Society of Indiana (ACSI), a non-profit that facilitates bilateral business opportunities between Indiana and China, is delighted to announce the appointment of Dr. Craig Seidelson and Mrs. Jennifer Pearl to its Board of Directors.

Dr. Craig Seidelson assists both Chinese and foreign companies set up and improve their supply chains & operations in China. As a Chief Manufacturing Engineer for a Fortune 500 company, Dr. Seidelson worked in China for 16 years. At the University of Indianapolis, Mr. Seidelson teaches Manufacturing in China at the undergraduate & post graduate levels and his research has been published in China, Europe and the US. 

Mrs. Jennifer Pearl currently serves as Director of International Programs for the Indy Chamber. Before her time at the Chamber, Mrs. Pearl conducted public policy and strategic communications in Beijing as a senior consultant for North Head. Mrs. Pearl received both her M.A. in China/Mandarin Chinese and M.P.A. in Policy Analysis from Indiana University- Bloomington.



Jan. 17, 2018: Chinese FDI in the US in 2017 (Rhodium Group)

 Posted by on January 30, 2018  News  Comments Off on Jan. 17, 2018: Chinese FDI in the US in 2017 (Rhodium Group)
Jan 302018

Thilo Hanemann and Daniel H. Rosen | January 17, 2018

Headline Investment Dropped by 35%

RHG’s China Investment Monitor recorded 141 Chinese direct investment transactions in the US worth $29 billion in 2017. This represents a drop of 35% drop compared to the record year 2016 but is still the second-largest year on the record for Chinese investment in the United States.

The split between mergers and acquisitions (M&A) and greenfield projects remained similar to previous years, with M&A accounting for 98% of total investment. In terms of industries, the biggest losers were entertainment, consumer products and services and real estate and hospitality. Investment remained stable or grew in health and biotech, ICT and transport and infrastructure. While sovereign and state-owned players gained globally in 2017, private investors continued to account for about 90% of investment in the US. More details on the composition of 2017 investment are available through our China Investment Monitor.

New Deal-making Down More than 90%

The completed transactions perspective does not adequately portray the drastic fall-off in Chinese investment activity throughout the year. More than half (60%) of the 2017 transaction value stemmed from the completion of deals announced during the 2016 investment boom. Considering new activity in 2017 only, the decline was much sharper: The value of newly announced Chinese acquisitions in the US fell to $8.7 billion in 2017, a drop of more than 90% from 2016 and the lowest level in six years.

Friendly Fire: Chinese capital controls

The principal factor behind the decline in China-to-US deal flow was Beijing’s changing stance on outbound capital flows. In late 2016, Chinese regulators launched an informal crackdown on “irrational” outbound investment to contain large-scale capital outflows that were melting down China’s reserves. In August, these informal policies were codified through a new OFDI regime based on lists of six types of encouraged investments, five types of restricted investments and five types of prohibited investments. Some of the restricted sectors have been important drivers of Chinese FDI in the US in recent years, including real estate and hospitality (which accounted for 36% of total US investment in the past 3 years) and sports and entertainment (another 7% of total investment in the past 3 years).

In May 2017, Chinese regulators also began to scrutinize large private conglomerates’ outbound investment activities as part of a broader effort to clean up risks and reduce leverage in China’s financial sector. Many of these investors have been aggressive overseas dealmakers in the US in recent years, including entertainment empire Wanda and conglomerate HNA Group (which was single-handedly responsible for almost one third of total Chinese investment in the US in 2015-2016).

Globally, Beijing’s regulatory crackdown triggered the first drop in Chinese outbound FDI after more than a decade of continuous growth: China’s Ministry of Commerce recorded a drop of 29% in non-financial outbound FDI for the full year 2017, the first decline since 2006. Other official Chinese datasets recorded an even sharper decline: the State Administration of Foreign Exchange recorded a drop of 64% in the growth of Chinese FDI assets in China’s balance of payments for 1Q-3Q 2017.

In the United States, the informal crackdown triggered an immediate drop-off in Chinese deal activity (Figure 3). In addition to curbing new activity, Beijing’s crackdown also resulted in the breakup of several pending US transactions, including Wanda’s $1 billion acquisition of Dick Clark Productions or Anhui Xinke’s $345 million acquisition of a stake in Voltage Pictures.

Security Screenings Bog Down US Investment

The second factor explaining the 2017 decline in both completed and announced transactions was greater US regulatory pushback. An unprecedented number of Chinese deals were delayed or abandoned in 2017 as parties failed to obtain approval from the Committee on Foreign Investment in the United States (CFIUS), which screens foreign acquisitions for potential national security risks.

Growing CFIUS deal risk was driven by two factors: first, the slow progress with government transition left many leadership positions unfilled for the better part of 2017, causing delays and a cycle of re-submissions. Second, and more importantly, CFIUS seems to have broadened its approach for reviewing Chinese deals, taking into consideration a broader array of criteria when assessing security risks, for example state-sponsored M&A activity to obtain certain technologies or concerns about data protection.

Prominent transactions that were abandoned during the year because of unresolved CFIUS concerns included Canyon Bridge Capital’s acquisition of Lattice Semiconductor, Zhongwang’s acquisition of Aleris Corp, Orient Hontai’s acquisition of a stake in Applovin and HNA’s acquisition of a stake in Global Eagle Entertainment. In early January 2018, Ant Financial abandoned its proposed acquisition of Moneygram due to CFIUS concerns. Financial regulators also stepped up scrutiny of Chinese investors in 2017, with the SEC freezing the sale of the Chicago Stock Exchange to a consortium led by China’s Chongqing Casin Enterprise Group, and state financial regulators inquiring into Anbang’s acquisition of Fidelity & Guaranty Life. If completed, these deals would have added at least another $7-8 billion to the 2017 headline figure.

In addition to busting pending transactions, growing US regulatory assertiveness and uncertainty also weighed on new Chinese deal making through the end of the year. This is particularly apparent when looking at the investment momentum in the second half of 2017: While global Chinese outbound investment activity rebounded globally and in other OECD economies (most importantly the EU and Canada), it remained depressed in the US (Figure 4).

Outlook: From Bad to Worse?

Chinese commercial appetite for US investment expansion is stronger than ever, but regulatory hurdles won’t fade in Beijing and will almost surely increase in the US.

In China, the restrictive outbound investment regime will remain in place. Worries about capital flight have subsided and Beijing is putting on a brave face about 2018 expectations. However, the table looks set for a return of the conditions that fueled capital flight during the past two years: rising US growth and interest rates, and a China unable to raise rates significantly without causing corporate insolvencies. While Beijing has loosened the leash on corporate outbound investment a bit in the second half of 2017, we expect regulators to remain in a conservative mode, trying to keep capital outflows at “healthy” levels and steering aggregate investment levels by influencing individual deals as needed.

Even if domestic and global macroeconomic conditions permit Beijing to loosen capital controls this year, changes on the US side may stymie a recovery in bilateral flows. The 2017 China-US OFDI downturn was overwhelmingly due to China’s capital controls, with tighter US screening playing just a supporting role. But 2018 will be a different story. A series of 2017 and early 2018 deal failures suggests CFIUS concerns are already swelling. The Foreign Investment Risk Review Modernization Act, or FIRRMA, is making progress on Capitol Hill and appears likely to come to a vote this year. China epitomizes the “countries of special concern” the bill is concerned with, and in expanding the types of transactions subject to screening, a significant share of the marginal growth in foreign investment in the US would be treated with suspicion.

Beyond FDI policy and screening per se, the Trump Administration issued a new National Security Strategy in the final days of 2017 which redefined China as a strategic rival, removed a presumption of engagement and knit economic interaction into the security calculus in a profound way.  This change to a confrontational economic-security policy will almost surely sour the US-China investment climate, with negative implications for future flows. The presumption that China is actively pursuing a zero-sum campaign toward the United States – as suggested by the new Administration document – will result in more onerous treatment for many Chinese firms operating in the US, even when they are not in sectors of national security concern. President Trump’s State of the Union on January 30th and decisions on several trade cases in coming weeks will signal just how aggressive this shift will be.

The extent of strategic re-orientation will make a huge difference in future Chinese investment flows to the US. If it were just a matter of narrowly-defined national security, the US could redouble its diligence screening for risks and still enjoy a great expansion of Chinese investment: today’s levels are not high in proportion to the size of our two economies. National security and ample deal flow are not an either-or.  But a draconian effort to push back on China’s economic footprint in America that transcends discreet national security concerns will forfeit these opportunities.


Jan. 11, 2018: World Trade Center-Indy Signs MOU with WTC-Harbin

 Posted by on January 23, 2018  News  Comments Off on Jan. 11, 2018: World Trade Center-Indy Signs MOU with WTC-Harbin
Jan 232018

On January 11th, World Trade Center-Indianapolis signed a Memorandum of Understanding agreement with World Trade Center-Harbin (China). The agreement, witnessed by Lt. Gov Suzanne Crouch, seeks to develop commercial exchanges with regular meetings to cultivate opportunities in agriculture, ag-tech and water resource management.