header image

[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather


 
Calendar
Today in
S.C.V. History
January 2
1855 - American Land Commission confirms 48,612-acre Rancho San Francisco (SCV) to Jacoba Feliz, widow of Antonio del Valle [story]
fake deed


brown041213a[Shanghai, China] – Positioning California to attract a growing share of China’s massive foreign investment pool and bolstering California-China trade, Governor Edmund G. Brown Jr., the Bay Area Council and the Governor’s Office of Business and Economic Development (GO-Biz) opened the California-China Office of Trade and Investment Thursday.

“California is the gateway to the Pacific and this office in China will help businesses large and small expand trade and jobs,” said Governor Brown.

The office opening comes on the third full day of Governor Brown’s trade and investment mission to China. It is the state’s first foreign trade office in a decade.

The California-China Office of Trade and Investment will serve as a hub for California companies interested in entering or expanding in China – the world’s second largest economy – and Chinese companies seeking investment opportunities in California – the world’s ninth largest economy by GDP.

The privately-funded office will be staffed and operated by the Bay Area Council, which has deep roots in China. The Council organized the trade and investment mission’s delegation of approximately 90 business, economic development, investment and policy leaders.

brown041213b“The California-China Office of Trade and Investment ushers in an exciting new era of cooperation and partnership between two of the world’s largest economies,” Jim Wunderman, President and CEO of the Bay Area Council, said. “This office will provide California with a valuable and necessary portal for attracting Chinese investment and expanding trade. Some estimates suggest China’s foreign direct investment may reach $2 trillion by 2020 and this trade office says clearly that California is ready to do business, and that we want a big piece of that pie.”

The office opening was made possible in part by AB 2012, authored by Assembly Speaker John A. Pérez (D-Los Angeles) and signed last October by the Governor. This bill allowed GO-Biz to establish a public-private partnership to create state trade and investment offices. The trade office that opened Thursday is the state’s first since 2003.

“California and China have maintained a robust trade and investment relationship but the potential to expand that connectivity is limitless,” said the Governor’s Senior Jobs Advisor Mike Rossi. “This office will focus on creating business-to-business connections between California and China to ensure that the Golden State takes full advantage of every international business opportunity.”

On the heels of the $1.5 billion China-California investment partnership announced Wednesday, four more deals were announced Thursday by the California-China Office of Trade and Investment, including:

• Beijing-based pharmaceutical company JOINN Scientific is investing $50 million to establish a pharmaceutical production plant in cooperation with Staidson Pharmaceuticals, to be located at the former Bayer manufacturing facility in Richmond, California.

• Hongye International of Wuhai, China is investing $100 million of private equity investment into the Arcadia, California-based firm Singpoli Capital to develop green energy, biochemistry, media, high-technology and real estate construction projects in California.

• Sacramento-based McWong International and Emeryville-based New Logic Research Inc. have secured a $20 million contract with Inner Mongolia-based ChinaCoal Mengda New Energy Chemical Company and China National Coal Group for a zero-liquid-waste discharge project.

• Scripps Institution of Oceanography/UC San Diego (UCSD) signed an agreement with Ningbo University that includes: $50-$100 million of Chinese funding for a Scripps/UCSD research center for development of renewable marine resources and technologies at Ningbo University; the formation of $25 million marine innovation and technology fund for commercialization in China of Scripps/UCSD discoveries; and a program to send top Ningbo students for advanced academic work at Scripps/UCSD.

With Thursday’s office opening, Governor Brown is following through on the commitment he made last year to visit China and open a trade and investment office when then-Vice President, and now President of China, Xi Jinping, visited California.

“I want to thank Governor Brown for his leadership in re-establishing California’s official global trade and investment presence,” said U.S. Senator Dianne Feinstein in a videotaped message from Washington, D.C. “And thank you also to the Bay Area Council and the many businesses and economic development organizations that have made this important public-private partnership possible.”

This week and next, the Governor will meet with Chinese government and business leaders and highlight bilateral trade and investment opportunities at events across China, from Beijing and Shanghai to Nanjing, Guangzhou and Shenzhen.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

0 Comments

You can be the first one to leave a comment.

Leave a Comment


Latest Additions to SCVNews.com
SCV Chamber of Commerce will host a Non-Profit Love Match: Speed Networking with Local Nonprofits event, 5-6:30 p.m. Wednesday, Feb. 12 at James T Ventress Clubhouse, 24909 Newhall Ave., Santa Clarita, CA 91321.
Feb. 12: Non-Profit Love Match, Speed Networking with Local Nonprofits
The Santa Clarita Valley Education Foundation has announced registration is open for the annual Principal for a Day fundraising event to be held on Monday, Jan. 24.
Jan. 24: SCV Education Foundation Principal for a Day Returns
Beginning Tuesdays, Jan. 21 through May 27 from 10 a.m. - Noon, ARTree Community Arts Center will host Acrylic Painting Technique Classes for ages 18 and up.
Jan. 21-May 27: Acrylic Painting Techniques Classes at ARTree Arts Center
The city of Santa Clarita's “Exploring Domestic Spaces” exhibition will be on view through March 20, located at the Newhall Community Center, 22421 Market St. Newhall, CA 91321.
Newhall Community Center’s ‘Exploring Domestic Space Exhibition’ Runs Thru March
The Santa Clarita Artists Association presents "Signature YOU," Art Show, bringing an artists unique signature style to Old Town Newhall with a reception, 5-8 p.m. Saturday, Jan. 18 at 22508 6th St., Newhall, CA 91321.
Jan. 18: SCAA Presents ‘Signature YOU’ Art Show Reception
Prepare businesses for 2025 with SCV Chamber’s comprehensive employment law update, led by Brian Koegle of Koegle Law Group, 3:30-5:30 p.m. Thursday, Jan. 23 at College of the Canyons University Center at 26455 Rockwell Canyon Road, Santa Clarita, CA 91355.
Jan. 23: SCV Chamber’s 2025 Employment Law Update
The Placerita Canyon Nature Center will host a Community Hike on Saturday, Jan. 4, from 4-6 p.m.
Jan. 4: Community Hike at Placerita Canyon Nature Center
As we jump into the new year, the city of Santa Clarita has so much to be thankful for. The city’s 37 years of growth has brought the community top-notch events, a high quality of life and many amazing amenities.
Bill Miranda | Happy New Year, Santa Clarita!
The Old Town Newhall Public Library will host a adult Mindful Art Hour workshop Tuesday, Jan. 7, 4-5 p.m. at 24500 Main St., Santa Clarita, CA 91321.
Jan. 7: Mindful Art Hour at Newhall Library
The Los Angeles County Board of Supervisors has published the agenda for its Tuesday, Jan. 7 meeting starting at 9:30 a.m.
Jan. 7: Supes Meet to Discuss Landfill Closure
1855 - American Land Commission confirms 48,612-acre Rancho San Francisco (SCV) to Jacoba Feliz, widow of Antonio del Valle [story]
fake deed
Three of Santa Clarita’s most talented women artists, each employing a distinct medium will be showcasing over 30 original artworks at the Santa Paula Art Museum in an upcoming exhibit titled “A Brush With Nature: Three Artists’ Perspectives.”
Jan. 18: SCV Artists’ Showcase at Santa Paula Art Museum
The South Coast Air Quality Management District continues to issue No Burn Day alerts for the first week of January.
Jan. 2: No Burn Days Continue Into New Year
As we close out another year, let's take some time to celebrate and reflect on the progress we've made. It is this work we have done together that makes it such an honor to continue serving as your Assemblymember for another two years.
Pilar Schiavo: Celebrating Progress, Community, and a Bright Year Ahead
As the year 2024 comes to a close, it is a good time to reflect on what a great year had at SNAP Sports.
SNAP Sports Looks Back and Gives Thanks for 2024
The new year is a time to reset, while also setting goals for the next 12 months. Thanks to the leadership of our City Council, strategic planning has always been a key part of our City’s success.
Ken Striplin: Happy New Year
Every year, law enforcement faces unforeseen challenges due to changes in laws, policies, and societal shifts.
L.A. Sheriff’s Department Shares 2024 End of Year Highlights
Los Angeles County Board of Supervisors Chair Kathryn Barger and Supervisor Hilda L. Solis have introduced a motion to declare Thursday, Jan. 9, 2025, a Day of Mourning across Los Angeles County in honor of former President Jimmy Carter, who recently passed away on Dec. 29, 2024, at the age of 100.
Supes Will Vote to Honor Former President Carter With Day of Mourning
Los Angeles County Board of Supervisors Chair Kathryn Barger proudly highlights her top accomplishments of 2024, showcasing her dedication to the residents of the Fifth District and Los Angeles County. 
Supervisor Kathryn Barger Celebrates Landmark Achievements in 2024
1850 - Death Valley '49ers William Manley & John Rogers reach SCV, find help for Bennett-Arcan party [story]
William Manly
The California Department of Public Health has launched "Take Space to Pause," a statewide campaign made for teens and by teens that will focus on reducing self-stigma surrounding youth mental health challenges and promoting positive ways to seek help.
Teens Encouraged To ‘Take Space to Pause’ To Help with Mental Health
By sustaining its commitment to support healthy individuals and families in healthful communities, the California Department of Public Health recognizes the need to transform as public health advances and society evolves.
Tomás J. Aragón, M.D. | California Department of Public Health
The Los Angeles County Department of Public Health is advising residents to not feed their pets Monarch Raw Pet Food sold at several farmers markets in California due to detection of H5 bird flu virus in product samples. A house cat that consumed this product has been confirmed H5 bird flu positive.
Public Health Warns Against Raw Milk, Meat for Humans, Pets
Chiquita Canyon, LLC has announced that the Chiquita Canyon Landfill is closing active waste disposal operations effective Jan. 1, 2025. The last day for accepting incoming solid waste at the landfill is Tuesday, Dec. 31. While waste disposal operations will conclude, Chiquita Canyon, LLC will continue to manage the landfill, address the noxious odor incident occurring onsite and oversee closure and post-closure activities.
Chiquita Canyon Landfill Ceases Operations Jan. 1
SCVNews.com