Second U.S. - Central China Business Summit Highlights Opportunities
The second U.S. - Central China Business summit was held in Changsha on April 20. The event was hosted jointly by China Council for the Promotion of International Trade Hunan Sub-council (CCPIT Hunan) and the U.S. Commercial Service of the U.S. Consulate General in Wuhan.The chief guests at the event were U.S. Chargé d’ Affaires David H.Rank, Hunan Province Vice Governor He Baoxiang, and CCPIT Vice Chairman Wang Jinzhen.
At the opening ceremony, Hunan Vice Governor He Baoxiang highlighted the industrial advantages and the existing cooperation between Hunan and the United States. He expressed hope that the summit would promote further benefits for U.S, - China businesses. In his remarks, U.S. Chargé d’ Affaires David Rank explained that U.S. companies recognized the economic importance and dynamism of Hunan province and central China, and said that the “U.S. Government sees central China as a new frontier, full of untapped business opportunities for U.S. companies.”CCPIT Vice Chairman Wang Jinzhen noted that U.S.-China commercial relations were complementary and have developed into a mutual “win-win” pattern.
The first U.S.-Central China Business Summit was held March 2016 in Wuhan and was an effort to encourage Chinese provinces and U.S. states to take leadership in the area of trade and investment at the subnational level. As a result of the 2016 summit, an increasing number of U.S. companies have become aware of the huge market potential in central China and are attracted by the increase in U.S. jobs that often accompanies growth in international markets.
The summit gathered over 400 people for the two-days of events including representatives from 20 U.S. companies and over 200 Chinese companies from Hunan, Hubei, Henan and Jiangxi provinces. During the ‘Select USA’ roundtable on the 19th over 15 Chinese executives were able to learn in detail about U.S. investment policies and opportunities from five U.S. economic development organizations. During the roundtable discussions on the 20th, the U.S. companies were able to learn about opportunities in central China in four strategic sectors: environment, rail transportation, healthcare and advanced manufacturing.