More Chinese entrepreneurs and local government representatives could soon be packing for New York and California, aiming to take advantage of a recent stabilisation in US-China relations to hop across the Pacific and scout out potential trade and investment opportunities.
Advertisement
Visits by delegations from China in the coming months will seek to leverage the pro-business amity and autonomy of local authorities in the US to advance economic ties, as Beijing encourages subnational exchanges.
China’s major exporting provinces, including Zhejiang, are set to dispatch economic missions to major American cities and states in the coming months, the Post has learned.
One source involved in Zhejiang’s export sector said such visits would not be feasible without Beijing’s tacit approval, nor the recently extended pause in blanket tariff increases agreed to by the world’s two largest economies.
“Of course [trips to the US] must be meticulously planned under Beijing’s auspices and we also think it’s good timing now that there is another 90-day extension [after bilateral trade talks in Stockholm],” the source said.
Advertisement
After the two countries held talks in the Swedish capital at the end of July, US President Donald Trump signed an executive order on August 11 that continued the pause on tariff increases targeting Chinese goods for another 90 days.