US states woo Chinese investors
Updated: 2016-06-22 10:57
By Chen Weihua in Washington(China Daily USA)
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Andrew Lange, director of international business development at JobsOhio, can't tell you how proud he is about Fuyao Glass America, a $360 million Chinese investment in the state.
The Fuyao factory is expected to create some 2,000 jobs by the end of the year and will produce glass for 4 million vehicles annually. It is already supplying products for Hyundai and General Motors.
Lange called Fuyao Chairman Cao Dewang a "wise man to make that happen."
"It was a quick entry. It was a great business culture. He and the governor and all the local government and state, we all got along very well," Lange told China Daily at the JobsOhio booth in the exhibition hall of the SelectUSA Investment Summit held in Washington Hilton on June 19-21.
Ohio Governor John Kasich praised the Fuyao investment for creating American jobs while campaigning months ago as a Republican candidate in the 2016 presidential primary. One of his rally venues in March was a Fuyao factory in Moraine.
"We think the Chinese economy and Ohio economy are very similar. We make things, really good things," Lange said. JobsOhio is a private non-profit corporation designed to create jobs and attract investment to Ohio.
Ohio opened a trade office in Shanghai in 2006 and another in Beijing in 2008. China is the third-largest export market for Ohio, trailing Canada and Mexico.
Lange said Chinese investors are coming to Ohio for visits almost on a monthly basis and "we are hopeful that we can have more nice investors like Chairman Cao." A typical foreign investment in Ohio creates about 100 jobs.
Erron Smith, at the booth for the state of Connecticut, said some Chinese delegates attending the summit have talked to him about business opportunities in Connecticut.
"We want to see if there's anything we can find to fit their needs," he said, noting that aerospace, defense, pharmaceuticals and healthcare are some of the strong industries in the state.
Vincent Perez, project manager with Alabama's department of commerce, said some Chinese investments in the state are doing very well. "We have great logistics in the state, centrally located in the fastest growing region in the United States, all kinds of opportunities are in front of you in Alabama," he said.
He also touted the state's competitive tax structure and one-stop environmental permitting system.
Timothy Kelley, president and CEO of Imperial Valley Economic Development Corp in California, said he has a full-time intern originally from China working for him. He said Chinese investment there has changed quite a bit over the years. Many investments are now in renewable energy, agriculture, hospitality and manufacturing.
Arlington, Virginia, just across the Potomac River from Washington, also had a booth to attract foreign investment. Sindy Yeh, senior business ambassador of Arlington Economic Development, said some Chinese delegates asked for information, including about the schools.
"We have a wonderful school system," she said. "We also have a lot of technology companies if they want to invest in that. We are a prime location, with the proximity to Washington."
While SelectUSA is a federal program that aims to draw foreign direct investment to the US, governors and mayors have also embarked on busy trade missions abroad, including China, to attract foreign direct investment into their cities and states.
US Virgin Islands Governor Kenneth Mapp talked last week about his recent trade mission to China. He announced that the Sinopec's investment in the US Virgin Islands will result in hundreds of new jobs for the territory.
Nebraska Governor Pete Ricketts announced late last month that he will lead a delegation to China later this year to promote business ties with his state's fourth-largest trading partner.
The group will include state representatives and businesses that want to expand into global markets on a trip that will include Xi'an, Shanghai and Hong Kong from Nov 9-15.
At Idaho's booth, the Chinese flag was among the many foreign national flags displayed.
Susan Davidson, business attraction manager at the Idaho department of commerce, doesn't like the fact that foreign investment is being demonized or politicized. "We are a global economy now," she said. "The more business we can bring over here, and employ US citizens and strengthen the economy - that's a good thing."
chenweihua@chinadailyusa.com
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Wu Xi (right), deputy chief of mission at the Chinese embassy in Washington, chats with Max Baucus (center), the US ambassador to China, at a reception on Tuesday evening at the Chinese embassy in Washington for the Chinese delegation attending the 2016 SelectUSA Investment Summit held in Washington from Sunday to Tuesday. Wu praised the bilateral economic and trade cooperation as playing the role of "ballast" and "booster" in China-US relations. Baucus said he was totally confident and bullish about US-China relations, whoever gets elected as US president in November. Chen Weihua / China Daily |
(China Daily USA 06/22/2016 page1)
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