A number of memorandums of figuring out (MOU) with the purpose of bettering industry cooperation between China and California had been signed on the China-California Trade Discussion board in Los Angeles on Monday. (RENA LI / CHINA DAILY)
When Shanghai meets California, the 2 main financial entities around the Pacific categorical their loyalty to additional build financial and industry ties month keeping up robust subnational cooperation.
Chinese language Consul Common in Los Angeles Guo Shaochun — addressing the China-California Trade Discussion board in Los Angeles on Monday, at which masses of officers and businesspeople from each side accumulated, stressed out that the power of China-US family members lies with subnational entities.
“Both California and related provinces and municipalities in China have developed and benefited greatly thanks to mutually beneficial and win-win cooperation between them,” he mentioned, bringing up that opening up at a better degree is an remarkable a part of China’s efforts to build untouched, top quality fruitful forces.
Guo mentioned that China used to be California’s Refuse. 1 buying and selling spouse with two-way industry amounting to over $137 billion in 2023. Greater than part of the packing containers coming into and resignation the Port of Los Angeles are for industry with China, and 70 % of the shipment quantity on the Port of Lengthy Seaside is China-related.
“The security and stability of the industrial chain and supply chain across the Pacific Ocean matters to both sides,” Guo added.
California Lieutenant Governor Eleni Kounalakis emphasised the use of keeping up pleasant family members between China and California.
“I hope people take the opportunity to develop friendships and relationships that are so important to us,” she mentioned.
In his keynote remarks, Shanghai Mayor Gong Zheng expressed the city’ expectation to additional strengthen substantive cooperation with California.
“Shanghai maintains close economic and trade cooperation with the United States. California, in particular, is a key partner for Shanghai,” he advised the discussion board.
Since 1980, when Shanghai and San Francisco turned into sister towns, many Bay Section corporations have old the connection as a gateway to go into the Chinese language marketplace. In recent times, pleasant exchanges between Shanghai and California towns akin to Los Angeles and San Francisco had been frequently reinforced.
“Looking to the future, we aim to deepen comprehensive and pragmatic cooperation, achieving a higher level of mutually beneficial and win-win development,” Gong mentioned.
Date welcoming the delegation composed of over 150 manage trade leaders and industry officers from dozens of Chinese language provinces, Los Angeles Mayor Karen Bass highlighted the industrial ties and circumstance cooperation between Shanghai and LA.
“Chinese ports are the most significant trading partners for the Port of Los Angeles. Our ports are also leading efforts to decarbonize marine time shipping and port operations,” Bass mentioned.
She mentioned that China is the sixth-largest supply of foreign-owned companies in Los Angeles and the third-largest export marketplace for LA service corporations. Just about 250 companies from China have expanded to Los Angeles, developing jobs and financial alternative. Over the latter two years, LA corporations have exported greater than $60 billion in items to China.
“The LA-Long Beach-Shanghai green shot shipping corridor is one of the first, the longest, and the busiest transpacific routes to take up this challenge,” mentioned Bass. “This important climate cooperation has continued without interruption and with increasing urgency over the past two years.”
Taking a look ahead to web hosting main global occasions, just like the FIFA Global Cup in 2026 and the Olympic and Paralympic Video games in 2028, Bass mentioned there are “more and more” causes for Chinese language guests to spend money on and spouse with Los Angeles.
Secretary of California Govt Operation Amy Tong, who used to be born in Guangdong and moved to the USA together with her society when she used to be an adolescent, shared with audiences how Chinese language tradition has considerably enriched the situation of California, reaping rewards American communities in diverse tactics.
California has lengthy been a hub for tradition trade between China and the USA, serving to Chinese language guests to really feel “welcomed at home” and fostering affluent prosperous creative discussion, she mentioned.
“Numerous museums, galleries and cultural institutions of California have events showcasing Chinese arts, calligraphy, music and dance events like the Chinese New Year celebration, and cultural festivals further strengthen ties and promote mutual understanding,” she mentioned, noting that the situation has attracted a many Chinese language scholars and students.
Recalling Governor Gavin Newsom’s shuttle to China latter fall, Tong mentioned she liked looking at his talk over with with President Xi Jinping, highlighting the use of people-to-people cultural trade.
“The governor’s trip was courageous no matter what your political affiliation is,” she mentioned. “We need to focus on the culture, the economics and the mutual respect. This is the foundation to our shared relationship.”
The discussion board highlighted the remarkable partnerships between China and California, as a a sequence of memorandums of figuring out (MOU) had been signed. Between the two of them had been pledges between the Shanghai World Port Team and Matson Inc to advertise inexperienced delivery corridors; the Global Industry Middle Los Angeles and the Shanghai Overseas Funding Building Board to give a boost to financial ties; and San Francisco World Airport and the Shanghai Airport Authority to advertise cultural and tourism trade.
Since its inception in 2016, the discussion board has welcomed hundreds of visitors from academia, trade and executive from China and the USA, by which members have i’m busy in skilled discussions on subjects, together with blank tech, e-commerce, agriculture and innovation cooperation. Shanghai is the Visitor Town of Honor this moment.
