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* China Government Delegation for the Deputy Mayor of Philadelphia December 1-10, 2010 2010年12月1-10日副市长代表团中国行 STEPHEN CHING, OBERMAYER LAW FIRM, CHAIR-INT’L DEPT CHAIR OF US DELEGATION 程文雄 欧伯来麦?里博曼律师事务所国际部主席 访华团主席 PRESENTATION: Creating Opportunities in the US To Best Promote the Development of Chinese SMEs About the Obermayer Law Firm At over 100 years old, the Obermayer Law Firm, based in Philadelphia, the Birthplace of America and its legal system, is one of the oldest and most respected law firms in the United States. We have had honor of assisting US presidents and other senior US government officials, as well as the heads of other foreign states including France, Lebanon, the Philippines, Mexico and South Africa. We represent Fortune 100, 500 and 1000 companies in the US as well as leading Chinese companies. We have worked on significant business transactions in virtually every major country in the world. We work closely with governments of different countries to promote relationships. THE VITAL ROLE SMES PLAY IN THE DEVELOPMENT OF THE US AND CHINESE ECONOMIES The development and promotion of small to medium-sized enterprises (SMEs) has been critical to the development of the US and Chinese economies, and will be the pillar for future growth and prosperity. The US economy and its emergence as a world economic power were founded on the development of US SMEs and the establishment of the middle class in the US. There are over 8 million Chinese SMEs. They account for 99 percent of the countrys total enterprises. They contribute roughly 59 percent of GDP, 50 percent of tax revenues, 68 percent of foreign trade volume, and 75 percent of urban employment. OPPORTUNITIES IN THE US TO BEST PROMOTE CHINESE SMES—PROMOTING COOPERATION BETWEEN CHINA AND THE US Mergers Acquisitions of US Companies Going Public -- the US Stock Exchanges Front Door IPOs Reverse Mergers-Shell Acquisitions Technology Transfers and Acquisitions Distribution to the US Market and Other Marke