China Delegates Net $44 Million In Local Contracts
CHINAnUSA bridging the investment and the opportunity

NEWARK - A Chinese delegation will leave the city with more than 844 million in contracts from corporate partnerships with Bay Area entrepreneurs.

At a Friday seminar, three little-know Bay Area companies-Memsic Inc., Golden Gate State Holding Group Corp. and NorBan Co. - agreed to form business partnerships with the city of Wuxi.

The Chinese government usually requires companies to partner with local firms before they can do business in the country.

"The economy of China is developing healthily and rapidly while the development of the world economy has been slowing down." Said Xiao Ping Mao, vice mayor of Wuxi, through a translator.

The official from the coastal city in northern China spoke to a crowd of more than 100 Bay Area business people at the Newark-Fremont Hilton.

He pointed out that China's gross domestic product - the total value of a country's production - is growing at a greater rate than the rest of the world. China entered the World Trade Organization this year and US government has pledged to further open its economy to foreign investment.

About two or three trade delegations from China come to the Tri-City area every year, said Fremont Mayor Gus Morrison, who attended event, organized by the Wuxi visitors.

Events like these are important because there are no borders in the world today," Morrison said. "You have to deal directly with brains now, not boundaries."

General Electric Co., Eastman Kodak Co. and 39 other Fortune 500 companies have offices in Wuxi (pronounced woo-zee). The city of 4.3 million is about one-hour north of Shanghai, Mainland China's largest trading center.

Tao Luo, a Union City-based saleswoman for Chinese software from USSP, said Wuxi is mostly known for its tourism but has changed its culture to attract more businesses.

"Wuxi has a very distinctive Asian beauty." Said the saleswoman, who has traveled there several times." Now, Wuxi is focused on high-tech businesses and attracts companies that want to be close to Shanghai but can't afford to locate there."

Fremont coucilmember Steven Cho also attended the Wuxi event as a warmup for his trade mission to China in August with several other Fremont city officials, including Morrison.

"The government is still involved in a lot of business in China." Cho said, "Our talks with them help open possibilities for Fremont companies to do business in China Face-to-face meetings are so important for us."

CHINAnUSA coordinated for the whole event of Investment in Wuxi in the USA, including promotion, invitation of guests from businesses and governments, and logistic services concerned. CHINAnUSA is a trustable partner to the clients who need help in business communication between China and the United States.

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CHINAnUSA.com, the leader in facilitating an “evolving” international trade community with integrated online and offline solutions, was founded in June 1999 under AskE Media, Inc. Headquartered in Fremont, California, the heart of Silicon Valley, and with branch offices in Shanghai and Suzhou, China, the company mission focuses on "Connecting the supply and demand between China and USA." The company’s a complete suite of cross-border trade solutions—Marketing Solution, E-Commerce Solution, Trading Solution, and Biz-Travel Solution—are tailor-made for businesses to drive revenue with maximum efficiency and lower costs. In addition, CHINAnUSA.com commits to bringing buyers and sellers together, domestically and internationally, to achieve significant reductions in the burdens and costs associated with the complexities in international trade. For more information on CHINAnUSA.com and its products and services, please visit www.CHINAnUSA.com.