Tim Truman is the supervisory public affairs specialist in the International Trade Administration’s Office of Public Affairs.
Economic development officials from 11 states and the District of Columbia just spent 12 days visiting nine cities throughout greater China recruiting potential partners and investors to complete important projects in their local areas. The SelectUSA Greater China Roadshow wrapped on May 29 in Shenyang after 470 meetings and matchmaking sessions between U.S. and Chinese officials and business leaders.
“I’m very pleased that our national effort to attract foreign investment into the United States is creating jobs and strengthening state and local economies across the nation,” said U.S. Consul General from Shenyang Scott Weinhold. “The United States welcomes investments from our Chinese colleagues and we look forward to continuing to work together to ensure a brighter future.”
China is among the fastest-growing sources of investment in the United States, with a compound annual growth rate (2009-2013) exceeding 41.5 percent. This Roadshow event followed closely on the heels of the 2015 SelectUSA Investment Summit in March, where the Chinese delegation was the largest international group for a second consecutive summit.
This was the second time the U.S. Commercial Service and SelectUSA hosted U.S. economic development organizations and their partners seeking investors in China. In 2014, the inaugural SelectUSA Pearl River Delta Roadshow made stops in Hong Kong, Shenzhen, Shunde, and Guangzhou. This year’s event launched in Hong Kong, and featured stops in Shenzhen, Dongguan, Guangzhou, Shanghai, Hangzhou, Dalian, Anshan, and Shenyang.
“The SelectUSA China Roadshow provided the unique opportunity to make business connections with companies in areas of China where our state hasn’t previously spent extensive time,” said South Carolina Deputy Secretary of Commerce Jennifer Noel. “As a result of the well-organized, meaningful program, our team was able to continue to introduce and promote South Carolina in the global marketplace.”
“This is the second time we have participated in the SelectUSA Greater China Roadshow,” said Enterprise Florida China Office Director Emma Yeung. “We are very excited that this year’s program expanded to include more cities, bringing us close to different investors across the country. We very much look forward to the next one!”
“I expected to meet investors interested in California and indeed I did, but I did not expect to meet so many interesting, experienced and savvy delegates,” said Ken Petrilla, executive director of the California-China Office of Trade and Investment. “This was an added bonus.”
The United States is home to more direct investment than any other country in the world, with a total stock of $2.8 trillion, and has been ranked No. 1 in the A.T. Kearney Foreign Direct Investment Confidence Index for a third straight year in 2015.
For more information about SelectUSA, visit www.selectusa.gov.