$ 90 billion trade volume of mid-western United States with China

$ 90 billion trade volume of mid-western United States with China



06/15/2017 12:00

Des Moines / Follow-up to the morning
China and the US mid-western United States enjoy "good momentum of economic relations" as the volume of trade in these nine states with China, US $ 90 billion last year, according to a senior Chinese diplomat.
Hong Li said Chinese Consul General to the Chicago speech head of speech at a banquet American seminar thought - Chinese held in Des Moines , Iowa on Monday that " the close economic relations between the center of the western United States and China is an example of the strengthening of cooperation between the two countries at a local level» .
Hong pointed out that one of the new features of economic and trade relations lies in the Sino - US economic cooperation between the states and cities in China and the United States has become more vital.
Since 2012, it established the 25 provinces and the city of a Chinese joint working group for trade cooperation and investment between the Chinese provinces of America and the US with seven US states and cities , including California, Chicago, Iowa, Texas, Michigan, Washington and New York.
During the period between 2000 and 2016, invested by Chinese companies nearly US $ 15 billion, to create 36 thousand new jobs in the nine states covered by the Chinese Consulate in Chicago and is Illinois, Missouri, Kansas, Colorado, Wisconsin, Minnesota, Michigan, Indiana, Iowa, said Hong.
And after it was acquired by China International Marine Containers, Monoun company based in Indiana , which was on the brink of bankruptcy three times achieved thanks to the management of profits optimally and cost reductions achieved. The record revenues now worth up to $ 500 million with employment to 500 local residents.
The company Nexter Systems, based in Michigan when it was bought by a Chinese company in 2011, was employing 3 thousand people. And now that number has risen to 5 thousand, while the company has hired Chinese Ianfng specializing in interior design of cars 4 thousand individuals in Michigan and a thousand others in Missouri. Hong said many multinational companies in nine states increased their investment in China and expanded cooperation with factories and established new research centers where, to reap great successes and abundant profits.
Hong said that " the president of Eli Lilly and Company based in Indiana told him that China has become the largest source of foreign employees in the company».

http://www.alsabaah.iq/ArticleShow.aspx?ID=139179