The new California Center in Shanghai is providing opportunity for California businesses, and LAEDC continues to attract investment to LA County through its trade missions to China
LAEDC and World Trade Center Los Angeles-Long Beach
Recap of Investment Missions to China in April and May 2014
April and May 2014 missions successfully increase investment
Pearl River Delta: SelectUSA Roadshow:
The Los Angeles County Economic Development Corporation (LAEDC) and the World Trade Center Los Angeles – Long Beach (WTC LA-LB) recently participated in the first ever Pearl River Delta: SelectUSA Roadshow in April, 2014. China is the fastest growing source of Foreign Direct Investment (FDI) into the United States and the Pearl River Delta region has emerged as an economic powerhouse, with thousands of companies looking to invest in the United States.
The LAEDC and it’s delegation (including representatives from PricewaterhouseCoopers, LLP and East West Bank) visited Hong Kong, Shenzhen, and Guangzhou in April with the goal of attracting foreign investment between the Pearl River Delta region and Los Angeles County. Bill Allen, President and CEO of LAEDC, staff from WTC LA-LB, and the delegation successfully completed ten business meetings with firms interested in setting up operations or subsidiaries in Los Angeles County, including firms from the medical, real estate development, manufacturing, telecommunications, and transportation industries.
California Asian Pacific Chamber of Commerce: China 2014 International Trade Mission & Expo:
In May, the LAEDC participated in another international trade mission to China through the leadership and organization of the California Asian Pacific (CalAsian) Chamber of Commerce, McWong International, and Chic Group. Bill Allen, representing the LAEDC, travelled to Chongqing and Shanghai with the goal of helping to expand businesses, explore trade into the world’s fastest growing market, and promote the products and services of California businesses. This International Trade Mission & Expo also unveiled the historic grand-opening of the California Center in Shanghai, which provides Chinese and Californian companies access the CalAsian Chamber’s large network of contacts from Chinese government agencies as well as from the food, agricultural, consumer goods, products/services, clean/green technologies, education and finance/investment industries. To learn more about leveraging the California Center in Shanghai, businesses can contact [email protected]