Today, California Governor Edmund G. Brown Jr. concluded a highly successful trade and investment mission to China in the port city of Shenzhen. Multimillion-dollar business deals between Chinese and Californian companies were announced during the visit.
At an April 10 reception at the U.S. Embassy in Beijing hosted by Ambassador Gary Locke, Governor Brown announced a $1.5 billion investment partnership between a California-based developer and a China-based investor and developer that will create thousands of California jobs. "This massive influx of Chinese investment will put thousands of Californians to work and dramatically improve Oakland's waterfront," said Governor Brown.
Governor Brown described this trade mission as a first step toward improved relations between California and China that will benefit both sides. The trade and investment mission's seven-day visit -- April 10-16 -- included stops in Beijing, Nanjing, Shanghai, Guangzhou, and Shenzhen. The Governor was joined by a delegation of 75 business, economic development, investment, and policy leaders from throughout California.
Governor Brown highlighted bilateral trade and investment opportunities and stressed the importance of collaboration between California and China on renewable energy, climate change, research, higher education, and technology. The Governor opened a trade and investment office in Shanghai, signed six memoranda of understanding on trade and environmental issues, and met with Chinese central and provincial leaders in both government and business. Governor Brown and Chinese Minister of Commerce Gao Hucheng signed a landmark agreement to bolster economic ties and cooperation between California and China and established a joint working group that includes representatives from California, the Chinese Ministry of Commerce, and six Chinese provinces.
Governor Brown's trade mission followed more than a year of significant diplomatic and business exchanges between the State of California and China. My office, in collaboration with U.S. Embassy Beijing, supported Governor Brown in the planning and execution of the trade mission, which is a concrete manifestation of our ongoing efforts to increase U.S.-China engagement at the local level. U.S.-China ties are richer and more extensive than ever before. The further we deepen our relationship, the more we need to bring into play the skills and energies of partners beyond our central and federal governments.