OK-SAFE, Inc. Blog

September 2, 2011

China/Indiana: Trade Marriage to Hit New Heights – China Daily News

The article below, dated Sept. 2, 2011, is from the China Daily USA news site about Indiana Governor Mitch Daniels’ latest deal with the Chinese.

Daniels recently attended the National Governors Association (NGA) meeting in Salt Lake City, Utah July 13-17, 2011 which included the first-ever U.S.-China Governors Forum.  The purpose of the Governors Forum was to increase cooperation between the U.S. and China at the sub-national level.

Looks like Mitch took the meeting to heart.

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Trade marriage to hit new heights

2011-09-02

By Ariel Tung (China Daily)

“Firms in Indiana, Zhejiang look to create jobs through biz deals

Their landmasses are very similar. Manufacturing dominates each region. Each is economically invested in what the other region produces.

The connections between the state of Indiana and Zhejiang province, which established ties as sister states in 1987, are already numerous, but in the next few years, leaders from both regions say they are planning to further cement economic ties.

“Indiana is very excited and proud of the significant flow of the Chinese investments that have only begun in our state. We hope Chinese investments will continue to rise sharply in our state,” says Indiana Governor Mitch Daniels.

China is Indiana’s fastest-growing export market. According to a report from the US-China Business Council, the state’s exports to China in the last 10 years have grown a hefty 554 percent, while the state’s exports to all other countries have grown by 81 percent.

Daniels says China has contributed at least five significant job-creating investments to the state in the last few years in sectors ranging from manufacturing to automotive to agriculture and furniture.

China’s investments across many sectors of Indiana reflect the nation’s growing investments across the United States. A recent study by the Asia Society in New York estimates that China could potentially invest almost $2 trillion overseas in the next 10 years with a great portion of that heading to the US.

When Daniels first took office in 2005, he made job creation his top priority. He created the public-private Indiana Economic Development Corporation (IEDC) to replace a failing state bureaucracy in attracting new jobs. In 2008, CNBC named Indiana as the most improved state for business in the nation.

As a result of his efforts, Indiana’s cemented relationship with Zhejiang province has brought Chinese businesses to the Hoosier state, such as Wanxiang Group Corp and Anji Yuankai Furniture Co.

Zhejiang, located on the east coast of China, is known for its thriving private sector. Daniels says he wants to concentrate on attracting the province’s investments. He has visited Zhejiang twice in the last two years with other Indiana officials and business executives.”   Rest of China Daily article here.

June 22, 2011

Next Stop: America – Chinese CEO’s Eye American real estate

Research on the deepening U.S. involvement with the communist Chinese revealed this:  the Next Stop America China 2011 conference promoted by a members-only organization called Golden Networking.

Golden is right since the focus of the conference is to instruct Chinese CEO’s how to invest in U.S. commercial and residential real estate, including a session called Leveraging Incentives and Government Relations.

Just in time to scoop up home foreclosures or those urban properties local municipalities are so anxious to develop?

Below is the Golden Networking description of the Next Stop America China 2011 conference:  (www.nextstopamerica.com, click Business Receptions, then scroll down through the list of events to see this one.):

Beijing: June 13th-14th 2011, InterContinental Beijing Beichen
Shanghai: June 16th-17th 2011, Radisson Blu Hotel Pudong Century Park

Download Information Package


“Next Stop America China Conference 2011 is a comprehensive guide to the operational, legal, branding, professional, financing and investment services needed to launch and expand your company in America, through a world-class faculty:

  • Structuring your Operations and Supply Chain: Michael A. Zakkour, Principal, Tompkins/Technomic Asia
  • Practical Understanding of Legal Issues: Dan Harris, Principal, Harris and Moure
  • The Secret Sauce for U.S. Branding and Marketing: Scott Markman, President, The Monogram Group
  • Leveraging Incentives and Government Relations: Michael Press, President, Michael Press Consulting
  • Overview of US Economy and Investment Environment and The Private Equity and Venture Capital Landscape: Ann Lee, Adjunct Professor of Economics and Finance, New York University
  • The Art and Science of Successful M&A in America: Tripp Davis, Partner, 7 Mile Advisors
  • Planning a Successful (and Rewarding) IPO on a U.S. Exchange: Lijie Zhu, Managing Director, Dragon Gate Investment Partners
  • Commercial and Residential Real Estate Investing in America: Bruce Fogelson, Co-Chair, Roosevelt University China Initiative

As China transitions from a low cost manufacturing country to a well rounded economy that includes services and overseas expansion, the reality of landing your firm in America is here.

If Chinese business owners and CEOs are going to heed the government’s call to become more innovative, to create Chinese brands and to take their businesses abroad, they must understand what it takes to succeed in foreign markets and in the United States, in particular. Chinese business owners have been reluctant to take their businesses to America because they are uncertain about the market requirements and rules of doing business in America. Next Stop America China Conference 2011 will address what Chinese business owners need to know to enter and to actually succeed in the United States.” End of excerpt.

This event precedes the upcoming  U.S.-China 2011 trade conference, scheduled for July 14-17, 2011 in Salt Lake City, Utah.  This conference is to focus on trade, culture and education. Saturday’s agenda includes 3-hour session for U.S./China one-on-one business meetings.

What a coincidence that the National Governors Association (NGA) will be sponsoring the U.S.-China Governors Forum* right across the street at their own conference with Chinese party officials.  This NGA closed-door meeting includes one-on-one pairing with Chinese party officials to develop agreements on job creation, education, health and economic development.

We’re in trouble here.

*Repeated requests for a copy of the Memorandum of Understanding creating the U.S.-China Governors Forum, announced on the U.S. State Department’s website, have gone unanswered.  This effort will continue to be pursued by OK-SAFE.

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