The China-California Business Forum will be held in Los Angeles, CA on June 5, 2019 at the Millennium Biltmore Hotel downtown Los Angeles. As a signature event under the framework of The China Provinces and U.S. California Joint Working Group on Trade & Investment Cooperation, the Forum is aimed at promoting and highlighting California's trade and investment cooperation with participating Chinese provinces. The joint working group has held three similar events since 2016. Then Governor Brown took part in all three events which attracted a total of over 1200 business participants.
The Forum is the premier event for California business leaders engaged with or considering engagement with Chinese business leaders. This is a rare opportunity to meet top business leaders and investors from across China who are ready to do business with California. It offers convenient access to various business, political and thought leaders and to learn about the latest information on the dynamic partnership between California and Chinese provinces.
Six major topics will be featured, co-organized by industry leaders and experts in the field including:
• The Business Opportunities of the Greater Bay Area of Guangdong, Hong Kong and Macao
• Advanced manufacturing
• Cross-border E-commerce
• Innovation Cooperation
• How to Seize California-China Business Opportunities
The 2019 forum will be attended by about 150 Chinese top business executives and trade officials from nine different provinces and municipalities, namely Guangdong, Jiangsu, Shandong, Hebei, Hubei, Sichuan, Inner Mongolia, Shanghai and Chongqing. The total GDP of these provinces and municipalities is around 6.27 trillion US dollars, more than twice that of California. Guangdong will be the Guest Province of Honor of the 2019 summit, and the Forum will highlight, among others, the business opportunities of the newly-established Greater Bay Area of Guangdong, Hong Kong and Macao.
The full-day event will include plenary sessions on policy developments and trade & investment opportunities, breakout sessions on clean-tech, advanced manufacturing, cross-border e-commerce, and innovation cooperation, as well as one-on-one match-making opportunities.
The Forum is designed to help companies understand the latest information regarding opportunities and challenges in the dynamic trade relationship between Chinese and California businesses and build practical strategies and partnership for shared success. Participants will be able to get the information of all participating enterprises and make one-to-one match-making arrangements with any of them before, during, and even after the event, through a mobile app provided by the Forum. U.S. businesses are most welcome to attend The Forum where attendees can expect to enjoy the following benefits:
• Meeting senior Chinese investment and trade delegates from/throughout China
• Learning about trends and opportunities in cross-border business directly from top practitioners
• Connecting with valuable business and strategic resources to help you define and execute your China strategy
• Getting involved with ongoing California-China business development activities and initiatives
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) and the California Governor’s Office of Business & Economic Development (GO-Biz), and co-organized by the Department of Commerce of Guangdong Province, the China General Chamber of Commerce Los Angeles (CGCC-LA), the Milken Institute, Bay Area Council and the LA Area Chamber of Commerce.
China Provinces and U.S. California Joint Working Group on Trade and Investment Cooperation was initiated by Mr. Jerry Brown, then Governor of the California State, in his meeting with then Chinese Vice President H.E. Xi Jinping in Xi’s visit to the United States in 2012. It’s purpose is to boost sub-national trade and investment cooperation between California and China. The Joint Working Group was officially launched in April, 2013, following the signing of an Memorandum of Understanding (MOU) between Chinese Ministry of Commerce (MOFCOM) and six provinces with the California State Government in Beijing. For the Chinese part, MOFCOM was the leading agency and the number of Joint Working Group members grows from the original six to seven provinces and municipalities, namely Guangdong, Jiangsu, Shandong, Hebei, Inner Mongolia, Shanghai and Chongqing. The coordination is done by provincial departments of commerce and China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) which serves as the Secretariat on the Chinese side. For the California part, it is led by the Governor Office and administered by the Governor’s Office of Business and Economic Development. Los Angeles Regional Export Council (LARExC) and Bay Area Council serve as Secretariats.
The Joint Working Group is designed to expand bilateral trade and investment cooperation, enhance communication, boost mutual trust, and promote economic growth and employment. By holding a series of events including annual meetings, exchange visits, exhibitions, it seeks to enhance SINO-US cooperation in key areas such as infrastructure, bio-medicine, IT, agriculture, energy, manufacturing, tourism, environmental protection, and exhibitions.
China is now California’s largest trading partner, the largest source of California’s imports and the third largest export market for California. Last year, the trade between California and China reached about 178 billion USD, ranking first place in the US. Among them, California’s exports to China were 16.35 billion USD, ranking the second in the US. Imports from China were 161.19 billion USD, accounting for 36.5% of its total imports, and ranking the first among all states in the United States. Moreover, California is No. 1 destination for Chinese foreign direct investment in the US, making California the top state in attracting Chinese investment. From 2000 to 2017, California attracted nearly 30 billion USD of Chinese investment. California is also one of the most popular destinations for Chinese tourists. In 2017, about 1.4 million Chinese tourists visited California.