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Blog Category: Beijing

Secretary Bryson Meets with American Business Community and Chinese Investors While in Beijing

Secretary Bryson Visits Beijing Airport to See American-Made Service Vehicles

This weekend Secretary Bryson will be in Chengdu, China for the 22nd Joint Commission on Commerce and Trade (JCCT), the annual bilateral trade negotiations between the U.S. and China. Before going to Chengdu, the Secretary stopped in Beijing to meet with American business community and Chinese investors. He participated in a meeting with the American Chamber of Commerce (AMCHAM) and the U.S.-China Business Council (USCBC), and met with members of the Chinese business community to discuss bilateral trade and investment issues. Even though he was surrounded by wonderful local cuisine, Bryson stopped off at a local U.S. franchise–Subway–to highlight the success of American brands in China, and joined U.S. Trade Representative Ron Kirk to tour Wisconsin-made airport vehicles at the Beijing Airport.

During the meeting with the American business community, Bryson shared his commitment to opening markets and leveling the playing field for U.S. companies in China and he pledged to take their issues to the JCCT meeting in Chengdu. The discussion focused on intellectual property protection, bilateral investment and China’s indigenous innovation practices.

Bryson also met with Chinese business leaders to encourage them to invest–by establishing factories, facilities, operations and offices–in the United States and to help them better understand the opportunities and ease of investing in the U.S. China's foreign direct investment in America increased nearly twelve-fold (from $0.5 billion to $5.8 billion) between 2008 and 2010. The Obama administration recently announced Select USA–the first coordinated federal effort to aggressively pursue and win new business investment in the United States while cutting red tape and removing barriers.

Our Biotech Trade Mission in China: Developing Prosperous Partnerships

Sánchez, officials at DiaCarta signing ceremony

Guest blog post by Francisco Sánchez, Under Secretary for International Trade, International Trade Administration

“A journey of a thousand miles begins with one single step.”

That’s a proverb I learned during my recent trip to China, where I led a delegation of 19 U.S. biotech companies on a trade mission. Today marked the end of our journey. But, I’m confident that the steps we took will help these firms generate new opportunities in the region.     

As I get ready to depart, I’m struck by the huge possibilities in the country. China’s biotech sector is growing roughly 25 percent a year. Its market is huge in terms of sales and clinical trial opportunities, as well as potential investment. And, China’s enormous consumer base and impressive economic growth further reinforce the importance of the market for U.S. firms.

Secretary Locke Completes Clean Energy Trade Mission to China

U.S. Commerce Secretary Gary Locke addresses students and scientists at China’s prestigious Tsinghua University.Secretary Locke wrapped up his China clean energy trade mission – the first Cabinet-level trade mission of the Obama administration –  Friday in Beijing. Over the last week, Locke visited Hong Kong and Shanghai and will continue on to Jakarta, Indonesia on Tuesday after participating in the U.S.-China Strategic and Economic Dialogue.

Throughout the mission Locke focused on opportunities for U.S.-China collaboration in the clean energy market and the special responsibility the two countries have to lead the way in combating global climate change. 

At his last stop in Beijing, Locke engaged in a first-of-its-kind dialogue and live webchat with Tsinghua University students and scientists who are working on cutting-edge, clean-energy technologies. Locke told the students that the United States, China and the entire world are counting on bright, motivated people to discover new energy technologies to reach energy efficiency goals while creating jobs in China and the United States.

He also visited the United Family Hospital New Hope Cancer Treatment Center, a joint U.S.-China venture featuring nearly $6 million worth of U.S. exports of medical technology.

In China, Locke traveled with representatives of 24 U.S. businesses. Ten executives will be continuing on with him to Jakarta, Indonesia, along with representatives from the Trade Development Agency (TDA), Overseas Private Investment Corporation (OPIC) and the Export-Import Bank of the United States (EXIM).

The clean energy trade mission comes on the heels of President Obama’s call to double U.S. exports in the next five years and support 2 million American jobs.

U.S. Commerce Secretary Gary Locke engages in a dialogue with 
students at Tsinghua University  working on , clean-energy tech

U.S. Commerce Secretary Gary Locke engages in a dialogue with students and scientists working on cutting-edge, clean-energy technologies at China’s prestigious Tsinghua University.  The dialogue featured live questions from Chinese “netizens,” and a transcript of the event was streamed live on the Global Times Web site and later re-posted on NetEase.com.