Nov. 22, 2015 Guangdong, China – During the annual meetings of 26th US-China Joint Commission on Commerce and Trade (JCCT) in Guangdong, China, U.S. Secretary of Commerce Penny Pritzker witnessed the MOU signing among the US Smart Cities Alliance, the California Center, and Sichuan Provincial People’s Government. The US Smart Cities Alliance and the California Center will cooperate with Sichuan government to help Sichuan with smart city development.  Among the witnesses include Under Secretary of Commerce for International Trade, Stefan M. Selig, and Deputy Assistant Secretary for China within the International Trade Administration, Patrick Santillo.

For more info, please visit:  http://www.prnewswire.com/news-releases/us-industry-welcomes-trade-meeting-on-us-china-commercial-relations-300182982.html

About JCCT:

The JCCT, established in 1983, is a forum for high-level dialogue on bilateral trade issues between the United States and China. From its inception until 2004, the JCCT was co-chaired by the U.S. Secretary of Commerce and China’s Minister of Commerce. Following the December 2003 meeting of President Bush and Premier Wen the two sides agreed the Commission would be co-chaired on the U.S. side by two cabinet officials (the Secretary of Commerce and the U.S. Trade Representative) and, on the Chinese side, by the Vice Premier responsible for foreign trade. The JCCT also includes 16 active working groups covering a wide variety of issues and industries including, intellectual property, environment, information industry, pharmaceutical and medical devices, statistics, commercial law, and trade and investment, among others.

IMG_3103 IMG_3102 IMG_3096
  Markets

China limits overseas cash withdrawals for its citizens – CNN

China’s yuan jumps to fourth most-used world payment currency – The Guardian

U.S. trade deficit widens as exports sag, imports from China surge – Reuters 

Now Is the Time to Buy Chinese Stocks, Says Prominent London Hedge Fund – The Wall Street Journal

The next thing to worry about in Chinese markets – CNBC

‘Medical Tourism’ Continues to Grow in China, as New Website Offers Services – Caixin Online

The brightest minds on China explain what’s really going on – Business Insider   Li Ka-shing shows CEOs how to deal with China – Financial Times Foreign Company R&D: In China, For China – China Business Review Banking Online Financiers Banking on China’s Future – Caixin Online

China to curb yuan speculation amid reform push: central bank – Reuters 

Ecommerce/Technology Alibaba Firm Riles Gov’t with Promotions for Credit Score Service – Caixin Online

Chinese Consumer Apps Burn Out in Price War – The Wall Street Journal

‘It Had Better Get Bloodier:’ Q&A with Xiaomi’s Lei Jun on China’s Smartphone Battle – The Wall Street Journal

Apple Music faces tough audience in China – CNBC

Zuckerberg, Sandberg Keep Up Facebook China Press – Forbes

Agriculture/ Food&Wine Tough new law sets new regulatory system – CCTV

China’s Amended Food Safety Law Effective Oct. 1 – Food Safety Magazine 

Chinese sprout an interest in organic farming amid concerns over food safety – South China Morning Post

Large Inventories, Strong Dollar, Chinese Economy All Weighing Down on U.S. Agriculture Prices – Market Watch

China to investigate illegal domestic GMO crops: agriculture ministry – Reuters

US Agriculture Secretary on US-China agricultural cooperation – CCTV Real Estate White-gloved butlers a new must-have for China’s super-rich – The Washington Post Why China Is on an L.A. Spending Spree: “It’s Just Monopoly Money to Them” – The Hollywood Reporter  China Business Insights

Marketing in China: a five-step guide – The Guardian 

Unique China

China’s First Nobel Laureate in Science – The Wall Street Journal

A Tradition for New Mothers in China, Now $27,000 a Month – The New York Times

The fuerdai, China’s second-generation rich kids, are the most loathed group in the country. They’re also its future. –  Bloomberg

SACRAMENTO,CA ( October 5th, 2015) – California Center’s President/CEO Margaret Wong and Vice President of Global Operations, Gordon Hinkle attended a special meeting yesterday at the Stanford Mansion in Sacramento, California.  The meeting featured Governor Brown and China Party Secretary, Luo Zhijun of the Jiangsu Province who had gathered for a special friendship delegation meeting focused on climate change and business relations. Governor  Brown and Jiangsu Party Secretary Luo Zhijun announced that Jiangsu Province – California’s Chinese sister-state – has endorsed the Under 2 MOU climate agreement, a pact among cities, states and countries around the world to limit the increase in global average temperature to below 2 degrees Celsius – the warming threshold at which scientists say there will likely be catastrophic climate disruptions.

IMG_1631
Margaret Wong, President of California Center, speaks at the meeting.

Wong gave special remarks during the event detailing the engagement of California Center in the Jiangsu Province and its plans to create a special offline-to-online showroom to promote California goods and products in the city of Wuxi.  Additionally, Wong promoted the creation of the newly formed U.S. Smart Cities Alliance (USSCA) which derived from an April Presidential Trade Mission team to China, led by Secretary Penny Pritzker of the U.S. Department of Commerce and Deputy Secretary Dr. Sherwood-Randall from the U.S. Department of Energy that Wong was a part of.   The USSCA, being led by Wong’s McWong Environmental Technology company, and other top U.S. companies from the trade mission, like The Digit Group, Sensity, Xylem, Dais, Dresser-Rand and others — is focused on bringing top-down support in both China and the U.S. for U.S. smart technology and clean energy companies to engage in smart city projects all throughout China.

i19146lb0
Governor Brown (Right) and Jiangsu Party Secretary Luo Zhijun (Left) shake hands after signing MOU.
48350841419253492
Governor Brown delivers speech at the event.
126826745963257797
Jiangsu Party Secretary Luo Zhijun speaks at the event.
154836289571596254
Brian Peck, Deputy Director of International Affairs and Business Development, speaks at the event.
508474879354352177
Susanne T. Stirling, Vice President – International at California Chamber of Commerce, speaks at the event.

Markets

Shanghai share prices fall by 8.49% – Shanghai Daily

Apple Stock Recovers After Tim Cook Email Praises China Sales – The New York Times

Why Trouble in China is Hitting Your 401(k) – Time

How China’s market meltdown impacts big technology companies – Fortune 

E-commerce/Technology

E-Commerce Firms May Have to Pay More Attention to Food Vendors – Caixin Online

Hey Uber, Welcome To China – TechCrunch

Uber Offers 109% Returns for Chinese With $500,000 to Spare – Bloomberg

Airbnb Seeks to Expand in China With Local Help – The New York Times

TripAdvisor Sells Kuxun Brand And Revises China Strategy – iResearch News

Microsoft Brings Chinese Personal Assistant to WeChat – iresearch News

Real Estate

Realtors Worry Downturn In Chinese Economy Could Cool Red-Hot Bay Area Real Estate Market – CBS SF Bay Area

China’s woes inject uncertainty into Seattle’s real estate market – Business Journal

Agriculture/Food and Wine

Corn War  – The farm-by- farm fight between China and the United States to dominate the global food supply – New Republic

The changing image of Californian wines – Decanter China Why do we drink wines in China? – Decanter China

China Business Insights

China’s ‘Post-Millennials’ Embrace Emojis and E-Commerce as Brands Study Their Culture- Jing Daily

RURAL CONSUMPTION KNOCKS ON CITY DOORS IN CHINA IN THE SECOND QUARTER-Nielsen

China is making a huge shift to mobile (INFOGRAPHIC) – TechInAsia

Beijing, China (August 17-19, 2015) – California Center successfully organized a group of U.S. companies to attend U.S. Embassy meeting in Beijing and U.S. Business Summit at Green Dragon Lake district in Beijing, China from August 17 -19, 2015. The purpose of the meeting and the Summit is to help U.S. companies to understand the Green Dragon Lake (GDL) project and how to implement U.S. companies’ technologies into the project. Owned and operated by China Development Orient Urban Development and Investment Co., Ltd ( CDO), the GDL project is a world-class sustainable energy and clean technologies project that will utilize the latest in clean/smart energy innovation. The project presents a great opportunity for U.S. companies in green energy/smart city industries to implement their technologies into the project. Participating companies include Honeywell, Cisco, GE, McWong Environmental Technology, The Digit Group, Dais Analytic Corporation, Dresser-Rand, Xylem, Autodesk, LumaNext, Ecolab Inc and Chic Capital. Most of the participating companies are also the ones that joined the April presidential trade mission in China  led by Secretary of U.S. Department of Commerce.

IMG_0492

IMG_0495

On August 17,  the group attended the meeting at U.S. Embassy in Beijing and was welcomed by Val Huston, Principal Commercial Officer at U.S. Commercial Service of U.S. Embassy, together with other U.S. Embassy staff. During the meeting, the group discussed about the Green Dragon Lake project and how U.S. companies can participate to help the project to become a low-carbon model city in China.  At the beginning of the meeting, Margaret Wong, President of California Center and McWong Environmental Technology introduced the overview and history of the forming of U.S. Alliance on Smart Energy and low carbon cities.  Following that, special presentation about the Green Dragon Lake project was delivered by Edward Zhu, the Chief Strategist of CDO. The special presentation along with the Q&A section answered questions about the scope of the project, technologies that will be used and overall vision of the project. Later, Paul Doherty of The Digit Group presented how U.S. companies can assist  GDL to become a successful low carbon/smart city by implementing  U.S. technologies in the project. Val Huston of the U.S. Embassy are very supportive of the project and provided detailed suggestion on how the group can better relay the significance of the project in order to gain top-down level support from both U.S. and China governments.

IMG_0491

IMG_0488

On August 18th, the group attended U.S. Business Summit at the Green Dragon Lake project site. In the morning,  China Development  Orient Urban Development and Investment Co. Ltd. (CDO), the operator  of the project, held a site tour to help the group to understand the development area and surrounding environment.  Following the site tour, CDO chairman Mr.Zuo Kun and  Vice President  Mr. Zhang Kun welcomed the group and gave the group an overview of the Green Dragon Lake project, including the project’s mission and planning.  In the afternoon, the U.S. companies present had the opportunity to provide individual presentations about their companies with the group and CDO representatives. Several individual private meetings for contract negotiations also occurred with many of the companies present and CDO.

IMG_0507

IMG_0501

The next day on August 19th, the business summit concluded with more private meetings and discussions with U.S. companies and CDO.

In summery, the meeting at the U.S. Embassy and the Business Summit at the Green Dragon Lake project site were well received by all parties. California Center will continue to connect U.S. companies with the project and help U.S. companies to get contract from it.  Gaining support from U.S. government will help facilitate the collaboration between U.S. companies and the project. Therefore, California Center is planning to provide a high-level debriefing about the summit in Washington D.C. with U.S. government staff from Department of Commerce, Department of Energy , U.S. Trade office and so on.

Market

California braces for falling yuan’s ripples – Los Angeles Times

Why Beijing Reformed Its Exchange Rate System Now – Caixin Online

PBOC Dismisses Talk of Devaluation as Move to Boost Exports – Caixin Online The world has a bigger problem than China’s currency devaluation – The Washington Post

China’s Devaluation of Its Currency Was a Call to Action – The New York Times

China’s yuan depreciation could hit domestic firms – CNBC

Ecommerce/Internet

Macy’s to set up China online store on Alibaba’s Tmall Global – Reuters 

Global Brands works on an alliance with China e-commerce giants – Internet Retailer

Mobile accounts for more than half of all sales in China for Alibaba – Internet Retailer

Alibaba Spends $4.6 Billion on Suning in Ma’s Biggest Buy – Bloomberg 

Real Estate

Overnight, NYC real estate got more expensive for Chinese buyers – The Real Deal

What next? A China housing crash? – Financial Times

Chinese buyers feed new energy into Texas real estate – CNBC

Agriculture/Food and Wine

Highlights Of China’s 2015 Food Safety Law – Law360

U.S. growers worry over China’s economy – Los Angeles Times

Going Organic: Investing in China’s Growing Health Foods Market – China Business Review

5 Reasons You Shouldn’t Trust ‘Organic’ From China – Epoch Times

How China’s yuan devaluation could affect your food costs – CNBC

Mintel: China overtakes U.S. as top ice cream market – FoodBusinessNews

Food scares strip McDonald’s, KFC of treat status in China – Reuters 

Doing Business In China

E-commerce drives investment in China’s reefer logistics networks – JOC.com

The Trademark Woes Of Michael Jordan (And Many Others) In China – NPR

Washington D.C.(July 15th,2015)-California Center successfully organized a high-level briefing in Washington D.C. to introduce China-based Green Dragon Lake (GDL) project, which is  a newly developed urban area in design phase located 25 kilometers southwest of Tiananmen Square in Beijing and covers about 122 square kilometers. Owned by China Development Orient Urban Development and Investment Co., Ltd, the GDL project is a world-class sustainable energy and clean technologies project that will utilize the latest in clean/smart energy innovation. The project presents a great opportunity for U.S. companies in green energy/smart city industries to export their technologies to the project.

photo 2

The briefing was held at the U.S. Department of Commerce office in downtown Washington D.C. on Wednesday, July 15th, 2015 from 8:00am to 10:30am. The goal of the briefing was to put the GDL center stage for key decision and policy makers in U.S. government and related U.S.companies to support and participate in the project.

1

The briefing was very successful and well-received by the attending U.S government officials and companies.

High-level Guest Speakers at the Briefing including:

Patricia Loui – Board of Directors Member, EXIM Bank (Presidential Appointee)

George Mui – Senior Advisor for the White House – Initiatives on Asian Americans and Pacific Islanders/Global Market Access Team Lead, U. S. Department of Commerce – MBDA

John C. Yang – Senior Advisor for Trade and Strategic Promotion, Office of the Secretary, U.S. Department of Commerce (personal advisor to Secretary Penny Pritzker and to the President)

Albert Shen – National Deputy Director, Minority Business Development Agency, U.S. Department of Commerce

Carl B. Kress – Regional Director East Asia, The Middle East, North Africa, Europe, Eurasia/Energy Sector Worldwide Team Leader, U.S. Trade & Development Agency

Patrick Santillo – Deputy Assistant Secretary for China, U.S. Department of Commerce

John Larsen – Trade Promotion Coordination Committee Secretariat, U.S. Department of Commerce

Frank Spector – ITA Trade Missions, U.S. Department of Commerce

Edward Zhu – Chief Strategist, China Development Orient Urban Development and Investment Co., Ltd

Margaret Wong – President/CEO, McWong Environmental Technology and California

Center

Gordon Hinkle – Vice President, California Center

List of Key U.S. Companies/Agencies/Organizations in Attendance at briefing:

  • Bureau of Industry and Security, U.S. DOC
  • California Center
  • Capitol MBDA Business Center, U.S. DOC
  • China Development Orient Urban Development and Investment Co. Ltd.
  • Cummins Inc.
  • Dais Analytic
  • Dresser-Rand
  • Essex
  • Honeywell
  • International Trade Administration, U.S.DOC
  • McWong Environmental Technology
  • National Asian/Pacific Islander American Chamber of Commerce and Entrepreneurship (ACE)
  • Sensity Systems
  • Superior Brands Corp.
  • The Digit Group
  • U.S. Department of Commerce – Office of the Secretary
  • U.S. Department of Energy
  • U.S. DOC ITA Industry & Analyst Division
  • U.S. DOC ITA Office China
  • U.S. DOC ITA Travel Missions
  • U.S. Export Import Bank
  • U.S. National Export Strategies
  • USTDA
  • White House – Initiatives on AAPI (WHIAAPI)
  • William McDonough

Market

China markets slump despite central bank rate cut – The Guardian

China regulators juggle IPOs with growth and a market plunge – Reuters 

China to become world’s biggest overseas investor by 2020 – Financial Times

Uber’s Biggest Rival In China Claims It Handles 3 Million Rides Per Day – TechCrunch

Internet/Technology/E-Commerce

Alibaba’s E-commerce Globalization Banks on Chinese Demand For Foreign Brands – Jing Daily

Western Firms Caught Off Guard as Chinese Shoppers Flock to Web – The Wall Street Journal

Alibaba’s Digital Bank Comes Online To Serve ‘The Little Guys’ In China – TechCrunch

Qualcomm in Venture With Chinese Chip Maker – The New York Times

Banking

China launches development bank for Asia, calls it first step in ‘epic journey’ – The Washington Post

China’s banks dominate rankings for profits, strength -Reuters 

Real Estate

Will China’s Manhattan Succeed, or Crash and Burn? – Bloomberg

Auction.com Targets Chinese Investors – Nation Real Estate Investor

New Program Could Further Boost Chinese Real Estate Investment in U.S – The Wall Street Journal 

Education

Scrutiny for Campuses in China – InsideHigherEd.com

Agriculture/Food and Wine

China’s grape rush – Financial Times

Ten Reasons Why China Needs the US – The Poultry Site

China to Implement Stricter Regulation on Imported Food, Improvements to Law Made – Yibada.com

China Business Insight

Can You Understand the Chinese Consumer in Just One Hour?  – McKinsey 

China’s Growing Pains – McKinsey 

In China, The Devil Now Wears Zara – Forbes

Mobile Is Key to Reaching China’s Wifi-‘Addicted’ Tourists En Route – Jing Daily

[Video] Cross-border Commerce: Winning Strategies for China – Thoughtful China