Chinese Officials Look to Riverside County for Trade, Investment

News Release


Apr 03

Chinese Officials Look to Riverside County for Trade, Investment

RIVERSIDE – County officials met with 22 government and business leaders from Beijing recently to establish diplomatic relations and are scheduled for a second meeting with Chinese representatives later this month, paving the way for increased Riverside County exports to China.

“The Beijing delegation is seeking opportunities to work with our unique, internationally known trade office to increase trade and foreign investment,” said Supervisor John J. Benoit. “This meeting opens the door to dialogue, strengthens our relationship and is a positive step toward creating jobs and investment opportunities in Riverside County.”

The meeting was led by Yin Yisheng, deputy director for the Beijing Municipal State-owned Assets Supervision and Administration Commission. Other leaders included Shao Jianyun, vice chairman of the board of directors of Beijing Shi’ao Olympic Park Development, Ltd. Other highlights of their visit included a Southern California Edison seminar and a stop at COSCO, China’s major shipping company.

Last year, China made an investment of $300 million in Riverside County manufacturing that ranked as China’s second-largest single investment in the entire country. Delegations from China have visited approximately a dozen times in the last three years. Benoit met with a delegation from Jiangsu Province in July 2010 during a stop in the City of Industry.

The Riverside County Office of Foreign Trade offers expertise and assistance in exporting and importing, financing with the Export-Import Bank of the United States, investment, EB-5 visas and diplomacy to many countries around the world.

The meeting with Beijing leaders was held Thursday afternoon. There will be another meeting of Chinese officials April 19 to discuss the county’s second-largest industry, agriculture.

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