Share this article
As a communication platform for business cooperation between China and the U.S., CGCC IT Committee / Chinese Enterprises Association (CEA) of Northern California held its Annual Meeting on September 29 in Redwood City, California. Participating companies exchanged views regarding the China-U.S. trade development. Consul-General of PRC in San Francisco Luo Linquan, Economic Counsellor Xia Xiang and the president of CEA Chen Guanmin delivered speech at the meeting, they shared insights on the bilateral economic and trade relations and expressed great expectations looking forward. California has been the hub of Chinese investment in high-tech sector across the States, shown by the highest transaction volume. According to a report from Rodium Group, a consulting firm in New York, Chinese investment in the U.S. reached $6.4 billion during the first half of 2015. Data from Chinese Consulate General in San Francisco indicated that as of the end of May 2015, they have received new registration consisting of 191 enterprises with a total investment of $810 million, 2,730 local employement and 3,188 employees in total. Their business covers a wide range of industries, such as trade, real estate, biology, medicine, Internet, green energy, new material, environmental protection etc.
(Source: People.cn)