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Chinese Ambassador to US to Address New Jersey Business Community

China Business 2007:  Expanding Opportunities for New Jersey Companies
WHAT:           
As part of an eight city tour,
The U.S. Chamber of Commerce China Business 2007 Initiative, in partnership with New Jersey Chamber of Commerce, will host senior Chinese Embassy officials, including Chinese Ambassador to the U.S. Zhou Wenzhong, executives from the American Chambers of Commerce in China, and other business experts for a discussion about opportunities for New Jersey companies in China.  They will provide information on topics such as finding suitable partners, licensing, sales and marketing, distribution and trading, customs clearance, and regulatory issues in China.  Members of the New Jersey business community will provide accounts about their experiences in the Chinese market.

China is New Jersey’s biggest growth market, in dollar terms.  Export shipments to China rose from $259 million in 2000 to $579 million in 2004, an increase of $320 million.  In 2005, China was the second largest exporter of goods to New Jersey (second only to Canada) with a 24% hike in exports to New Jersey - the biggest increase of any country in the top 20 exporters to New Jersey.  With an annual current account balance of $130 billion and reserves of foreign exchange and gold nearing $800 billion, China will grow in importance as a source of Foreign Direct Investment.

WHEN:            
June 12, 2007
8:00 a.m. to 1:00 p.m.
Press Availability at 11:00 a.m.
Keynote Address at noon

WHERE:            
Kean University , Kean Hall, Room 127, Union, New Jersey

WHO:             
Chinese Ambassador to the U.S. Zhou Wenzhong

BACKGROUND:

The New Jersey Chamber of Commerce
is a business advocacy organization based in Trenton.  Created in 1911, the State Chamber staff represents its members on a wide range of business and education issues at the State House and in Washington.  The organization also links the state’s local and regional chambers on issues of importance through its grassroots legislative network.  For more information please visit www.njchamber.com

June 2007