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Background

California Chamber of Commerce Joins Gubernatorial Trade Mission to China

The mission is to expand trade and investment between California and China by identifying opportunities that will be of mutual benefit. With more investment deals from China than any other state, California is positioned to capture China’s growing foreign investment.

The delegation will travel throughout China and open a California Trade and Investment Office in Shanghai. This will be California’s first official permanent presence in China in nearly a decade. As ambassadors for California, the delegation will take the next step to ensure the state’s leading role in attracting Chinese investment.

The Governor will be joined by a delegation organized by the Bay Area Council that includes approximately 75 business, economic development, investment and policy leaders from throughout California. Senior administration officials will also accompany the delegation.

The California-China Trade and Investment Office

California-China Trade and Investment Office

The California-China Trade and Investment Office, a public-private program led by the State of California, the Bay Area Council, and economic development groups and private sector companies across the state, will be California’s flagship vehicle for promoting both trade and investment between the state and China. Dedicated experts located in Shanghai, Sacramento, San Francisco, and Los Angeles will provide concierge services to businesses throughout California and China to forge cross-border trade and investment deals – work that will be held to ambitious and transparent performance benchmarks to help chart the program’s success.

The Trade and Investment Office will focus on promoting state exports as well as attracting investment back into California. Helping Chinese businesses land and prosper in the state will feed billion-dollar trade flows, create jobs, and attract more funding to get new projects off the ground. The Trade and Investment Office will feed this momentum, supporting Chinese investment in California from start to finish.

CalChamber Mission Participation

Allan Zaremberg, President and Chief Executive Officer, CalChamber

Margaret Wong, President and CEO of McWong Environmental Technology

Janet Lamkin, California State President of Bank of America, Chair of the Bay Area Council

Allan Zaremberg, President and CEO of the CalChamber, together with Susanne Stirling, Vice President of International Affairs, are both delegation members. Two members of CalChamber Board of Directors are also delegates: Margaret Wong, President and CEO of McWong Environmental Technology, and Janet Lamkin, California State President of Bank of America – who also serves as Chair of the Bay Area Council.

In addition, 28 CalChamber member companies are represented on the delegation, including: Deloitte LLP, FedEx, Harris Farms, Kaiser Foundation Health Plan, Paramount Farming Company (a part of Roll Global), Siemens, State Farm Insurance, United Airlines, The Walt Disney Company and Wells Fargo.

Past CalChamber Trade and Investment Missions

As California steps further into the international market, we are there. Over the years, CalChamber delegations have participated in the state’s trade and investment missions to Tokyo, London, Mexico City, Frankfurt, Hong Kong, Taipei and Johannesburg.

Members and CalChamber officials also have participated in international trade events in Expo ’86 in Vancouver, Expo ’88 in Brisbane, Expo ’10 in Shanghai, Japan, Korea, Taiwan, the People’s Republic of China, and the World Economic Forum in Davos, Switzerland.

Further, CalChamber Board members and officials have accompanied five California governors to various worldwide destinations, including Mexico City to discuss the North American Free Trade Agreement, Canada, Japan, Southeast Asia, China, and Europe.

View previous California Chamber of Commerce Trade Missions

Background / Media:

Announcements and multimedia content will also be distributed via social media before, during and after the trade mission via Facebook, Google+, Twitter and Weibo (in China). For trip-related content, the following hash tag will be used on Twitter: #CAChinaTrade.

Social Media Links

From the Governor’s Office: February 2012

Trade and Investment Overview

According to the U.S. State Department, China has been one of the world’s fastest-growing economies over the last several years, and its efforts to reform and modernize have helped transform China into a large trading economy. China’s total trade is more than $3.6 trillion, making it the second largest trading nation and the country with the second largest economy in the world. This translates into enormous opportunities for U.S./California exporters.

U.S.-China trade has risen rapidly over the last several decades. Total trade between the two nations has increased from $4.8 billion in 1980 to slightly more than $536 billion in 2012. U.S. exports to China in 2012 were approximately $110.6 billion, a steady increase from previous years.

In 2012, China continued as California’s third largest export destination, with more than $14 billion in exports. Computer and electronic products accounted for approximately 28 percent of exports, totaling close to $3.9 billion. Waste and scrap material brought in $2.4 billion, or 17.4 percent, while both the machinery (except electrical) and the transportation equipment categories each accounted for approximately 10 percent of the total, with roughly $1.4 billion in exports each. U.S. Department of Commerce

Chinese Direct Investment in California
The Rhodium Group estimates that Chinese firms now employ 27,000 people in the U.S., up from fewer than 10,000 five years ago. Asia Society, October 2012

Recent Event

Chinese Vice Minister of Commerce Wang Chao (left) and CalChamber President and CEO Allan Zaremberg. Full Story

CalChamber President, Chinese Vice Minister: Foster Strong Ties Between California and China

(July 24, 2012) Fostering business and cultural relationships between the California business community and China was the focus when Chinese Vice Minister of Commerce Wang Chao and his delegation gathered at the California Chamber of Commerce International Luncheon Forum yesterday.

Susanne-Stirling-2012-300x300Blog By (Mrs.) Susanne Stirling
Vice President, International Affairs