September 19th, 2014

San Francisco (CA) – The 3rd Annual California Asian Business Summit was successfully held on Thursday and Friday, September 18th and 19th at the Palace Hotel in San Francisco.  During the summit, Margaret Wong, the founder of California Center, served as moderator for the breakout session titled International Trade-Skills for Success in Multinational Business. The four panelists who joined the session were Charlie Sweat, CEO and founder of Frequentz, Inc. and former CEO of Earthbound Farm; Steven Schafer, Vice President of Chic Foods Co. Ltd. and former managing director of Tropicana in China; Jennie Garcia, Vice President – Investment Banking and Markets of Union Bank; and Jason Huck, Senior Vice President Head of Americas, HSBC Bank (China).

During the discussion, the panelist mainly discussed doing business in China. Two important takeaways of the discussion were how Guanxi plays a very important role in doing business successfully in China; and how businesses can ensure payment of goods before shipping their products to China. IMG_2571IMG_2558 Panelists


The iPhone 6 Will Make or Break Apple in China – Time

U.S. Treasury Warns China Over Antimonopoly Efforts – The Wall Street Journal

China’s funds for foreign exchange drop unexpectedly – Xinhua 

Alibaba’s IPO and the hypocrisy in U.S.-China economic relations – Fortune

China Fines Foreign Auto Makers for Price-Fixing – The Wall Street Journal

Facebook Says Chinese Want Its Site as Regulator Says No -Bloomberg

For U.S. tech firms, China entices in spite of tight state control – Reuters

Apple Pay to invade China, with help from UnionPay – MarketWatch

Asian Markets Slide After Weak China Data -The Wall Street Journal

Almost Half of China’s Rich Want to Emigrate – BloombergBusinessWeek

China’s Environmental Awakening – The New York Times

IMF Formula: China GDP Grew 2.2% In 2013 – Forbes

China’s TV War Machine – The New York Tims

The Alibaba Effect: How China’s eBay Transformed Village Economics -NPR

China Inflation Softens to Four-Month Low – The Wall Street Journal

Food Prices Lead Drop in Consumer-Price Index; Some Economists Warn of Deflationary Risk

Doing Business In China: ‘Terry & The Pirates’ Part II – Forbes

Opening happiness: An oral history of Coca-Cola in China – Fortune

T-Minus Eight Years: China Sets Launch Date for Space Station – The Wall Street Journal

China’s new rich learn class rules – Financial Review

Looking Beyond China, Some Companies Shift Personnel – The New York Times


September 4th, 2014

Los Angeles (CA) – California Center’s luncheon event in LA was held at the LA Area Chamber of Commerce.  Among the many companies and organizations that attended this event included: East West Bank, UCLA, California Bank and Trust, Kintetsu International Express, Megaworld International, HKTDC, The Maratom Group, Wilders’ Inc, LA Area Chamber of Commerce and more.

September 3rd, 2014

Fresno (CA) – California Center’s Fresno Luncheon was held at the Fort Washington Country Club and was graciously hosted by one of California Center’s premier banking partners, California Bank and Trust.  Among the many companies and organizations that attended this event were: the Office of Assemblyman Jim Patterson, California Bank and Trust, Fresno MBDA, PR Farms, Sun-Maid, American Pistachio Growers, Meridian Nut Growers and many other central valley Ag companies. During the event, the Office of Assemblyman Jim Patterson presented California Center a special Certificate of Recognition for its efforts helping California businesses export to China.


September 3rd, 2014 

San Francisco (CA) – California Center’s Inaugural Member/VIP reception was successfully held on the 51st floor of the Millennium Tower in San Francisco. There were more than 50 guests from various industries who joined for this special event.  Margaret Wong and Edward Zhu, Owners and Founders of California Center, addressed the attendees to provide an overview of what California Center is currently doing to service its members.

Also, during the event, representatives from the Port of San Francisco and Food and Beverage World (both being California Center Members) shared the latest news from their organizations.  California Center will be offering this monthly networking opportunity exclusively for its members and special guests, so they can get the latest news on China, connect/network with other California Center members, and to share their own stories to highlight new products and services.

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