http://www.usccc.org/Current/mem-b.htmHis Excellency, Premier Zhu Rongji and Prescott Bush, Chairman (retired) of US-China Chamber of Commerce
USCCC MEMBERS RECEIVED AN INVITATION TO JOIN PRESIDENT GEORGE W. BUSH
AT THE WHITE HOUSE FOR THE ARRIVAL CEREMONY OF WEN JIABO, PREMIER OF CHINA
President George Bush, Siva Yam, President of Us-China Chamber of Commerce and Prescott Bush, Chairman
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Chairman's Circle Members, and select guests
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or provided by US-China Chamber of Commerce (up to two representatives
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President's uncle shares Bush family ties to China02/18/2002
CHICAGO — When President Bush arrives in Beijing on Thursday, he'll embrace a policy that's something of a family tradition.
Bush's approach centers on promoting U.S.-China economic ties. That's a course favored not only by his father, the first President Bush, but also by his uncle, Prescott Bush Jr., a longtime acquaintance of Chinese President Jiang Zemin.
The Bush family's ties to China go back to 1974, when President Nixon named George Bush ambassador to China. The college-age George W. Bush spent two months in China visiting his parents during his father's two-year stint.
Seven years after his brother left the ambassadorial post, Prescott Bush made his first trip to China. He later joined with Japanese partners in 1988 to build a golf course in Shanghai, the first in China. He met Jiang, who was then the mayor of Shanghai.
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Some experts argue otherwise. A name is not just helpful, it's essential, says Nick Larty, a professor of international relations at George Washington University in Washington, D.C.: "Who you get access to in China is pretty much a function of how important you are."
Along with access, the family name has also brought scrutiny to Prescott Bush's deals:
*He was criticized in 1989 for visiting China to meet with business and government leaders just three months after the Tiananmen Square massacre, in which army troops fired at pro-democracy demonstrators.
*His Shanghai partnership with the Japanese firm Aoki in 1988 proved embarrassing when revelations surfaced that Aoki at the same time was allegedly trying to get business contracts by bribing Panamanian leader Manuel Noriega, whom the first President Bush later ousted from power.
*His connections to an American firm, Asset Management, came into question in 1989, when the company was the only U.S. firm able to skirt U.S. sanctions and import communications satellites into China.
*When Asset Management went bankrupt later that year, Bush's deal to arrange a buyout through West Tsusho, a Japanese investment firm, raised eyebrows. Newspapers reported that Japanese police were investigating West Tsusho's alleged ties to organized crime.
Bush declines to discuss those controversies. "That's old news. It's in the past," he says.
Last year, he opened the U.S.-China Chamber of Commerce offices in Chicago. The membership roster includes United Airlines, American Express, McDonald's, Ford and Arthur Andersen, the beleaguered company that audited Enron's books.
Bush says opportunities abound now that the 1997-98 Asian financial crisis is in the past: "The Chinese are very much interested in getting foreign capital in. They desperately need the jobs."
Last fall, Bush hosted a well-attended trade conference in Chicago at which U.S. Trade Representative Robert Zoellick gave the keynote address. At a dinner he sponsored last month at the Yale Club in New York, the U.S. ambassador to the United Nations, John Negroponte, was guest of honor.