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The “Meet in Shanghai, Share the Future” conference on Oct. 13 in downtown Los Angeles highlighted the upcoming China International Import Expo on Nov. 5 in Shanghai, China.
The Shanghai Municipal Commission of Commerce, World Trade Center Los Angeles and Shanghai Foreign Investment Development Board hosted the conference to extend a welcome to companies and organizations participating in the expo in China. The conference promotes trade between Los Angeles and Shanghai, and brought together more than 80 exhibitors, state and county officials, Chinese government officials and industry leaders from both countries.
Deputy Los Angeles Mayor Erin Bromaghim said Shanghai and L.A., which operate the largest ports of their countries, have many great opportunities to work together. She highlighted L.A.’s technological advancement in developing clean energy transportation, such as the newly opened K Line Metro Rail Line in South Los Angeles. Bromaghim also discussed advancements in the manufacturing industry for fashion and technology, as well as the sports entertainment industry.
Martin Breidsprecher, COO of the Los Angeles Area Chamber of Commerce, said the chamber is committed to facilitating international trade and providing access, advocacy and support to local businesses. Trading between China and California has recently reached significant levels. Last year, China was California’s third largest export destination, generating approximately $150 billion.
Michael McClune, senior director of international trade for WTCLA, demonstrated how investments from L.A. and Shanghai have boosted the economy of both regions. Chinese companies such as Tencent, Wanda and Alibaba are paying an estimated $290 million in wages. Conversely, American companies including Disney and Tesla are launching business initiatives in Shanghai. Andre Morgan, co-chair of CAFF and CATF, producer of Academy Award-winning Film “Million Dollar Baby,” encouraged anyone considering doing business in China to start in Shanghai.
For information, visit ciie.org.
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