In a dramatic transformation of world economic power over the past decade, China has become the nation with the greatest potential for growth of cross-border trade and investment with California.
Greater China represents:
We also see strong potential for sharing policy and technology innovation on a wide range of issues from energy efficiency and to food safety.
$143 billion in two-way merchandise sales
Billions of dollars in services sales
Tens of billions of dollars in prospective foreign investment
Nearly $180 billion in two-way seaborne and airborne shipping
For more statistics, please see our 2013 Datasheet on California's International Economy
In September 2012, Governor Brown signed into law Assembly Bill 2012, authored by Speaker John A. Pérez.
The bill made GO-Biz the lead state agency for international trade and investment activities. This includes creating international trade and investment offices outside of the United States, and accepting private donations for those purposes.
Governor Brown chose to open the first office in China, based on the economic potential outlined in the sidebar and the report linked below.
In October, GO-Biz signed a partnership agreement with the Bay Area Council, a San Francisco-headquartered nonprofit business organization, to operate a California Trade and Investment office in Shanghai and organize trade and investment missions to China. Governor Brown announced during his State of the State address in January 2013 that he would head the first such mission to open the office in April 2013.
The new office will provide Californian companies increased access to Chinese business contacts, provide Chinese investors with access to California projects that will benefit from increased investment and will continue to facilitate new investment and trade growth between California and China.
GO-Biz is required to list all donations for the operation of the office and related activities. For the current list, please refer to our donor page.
For more information on opening of the China office, please see our March 2013 report to the Legislature:
Establishment of a California-China Office of Trade and Investment - 2013
One page summary
California-China Office of Trade and Investment 2014 Annual Report