State News

Chinese delegation visits NC for investment pitch

Posted January 18, 2011 4:02 a.m. EST
Updated January 18, 2011 4:02 p.m. EST

— China's president is making a state visit to the United States and Chinese business and government leaders are making a side visit to North Carolina as both countries aim to increase trade.

Gov. Beverly Perdue and U.S. Sen. Kay Hagan on Tuesday welcomed more than 100 Chinese entrepreneurs, investors and business leaders led by the country's vice minister of commerce to Research Triangle Park.

"Last year, when I was in China, I had the opportunity to meet with many business leaders and see many incredible sights," Perdue said. "That laid the groundwork in my mind for the urgency with which North Carolina needs to pursue these economic, social and educational relationships."

The important business is taking place outside the spotlight, as local and Chinese business leaders make connections that should make money for both sides.

The Hamner Institutes for Health Sciences in RTP and the XY Group International of China have already signed a formal agreement to advance biomedical innovation, collaborate on technology, facilitate international business development and create unique training and education opportunities.

“What we’re doing today is paving the way for future development between our countries – development that may one day translate into jobs for our people," Perdue said. "That’s what it’s all about: finding opportunities to position North Carolina for job growth and better, stronger investments for our future.”

Treasury Secretary Timothy Geithner said Friday that China will likely become the largest trading partner of the United States in the next decade, replacing Canada at the top.