The 2019 China-California Business Forum was held on June 5th at the Millennium Biltmore Hotel in Downtown Los Angeles, to promote and highlight California’s trade and investment cooperation with Chinese provinces, and to encourage individual California and Chinese business leaders to explore and develop mutually beneficial trade and investment opportunities.
The Forum is organized by the Chinese Consulate General in Los Angeles, the Los Angeles Regional Export Council (LARExC), the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME), the California Governor’s Office of Business & Economic Development and, in partnership with the Milken Institute, the Bay Area Council, the China General Chamber of Commerce Los Angeles, the Los Angeles Area Chamber of Commerce, and Guangdong Department of Commerce.
“California was the number one recipient of foreign direct investment from China, totaling more than $16 billion in 2017. We are also home to a vibrant Chinese American community. This forum will build on our strong business and cultural ties, strengthen our international partnerships, and grow our economy.” said Lt. Governor Eleni Kounalakis.
“The China-California Business Forum over the past few years has become a premier platform for California and Chinese companies to meet and create new business opportunities. This annual Forum is also an integral part of the China Provinces and U.S. California Joint Working Group on Trade and Investment Cooperation established under an MOU between the State of California and MOFCOM to expand trade and investment between California and China. During this time of uncertainty for global trade, this year’s Forum is especially important in maintaining the vibrant and mutually beneficial trade and investment relationship between California and China and their respective businesses,” said Brian Peck, Chair of the Los Angeles Regional Export Council.
“As the Chinese Secretariat of the China Provinces and U.S. California Joint Working Group on Trade and Investment Cooperation, CCCME together with the seven member provinces all attach great importance to the China-California Business Forum and will actively participate in it. Over the past few years, as it has become an important platform of facilitating more exchanges and cooperation between Chinese and Californian businesses, the Forum has been fully recognized by Chinese enterprises and has become an annual focus of China-U.S. sub-national cooperation”, said Liu Chun, Vice President of CCCME.
“Sub-national cooperation is the foundation of China-U.S. economic and trade relations. The China-California Business Forum plays an important role in promoting this cooperation. The Forum is a joint effort by both sides, which not only brings business opportunities, but also enhances China-U.S. sub-national exchanges and cooperation. I look forward to welcoming more Chinese and California business leaders at the event”, said Amb. Zhang Ping, Chinese Consul General in Los Angeles.