January 21, 2011

Mayor Daley And President Hu Jintao Attend Exhibition Of Chinese Companies With A Midwest Presence

Chicago Is Best Location For Any Company With Business Interests Across The United States, Mayor Says
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Mayor Richard M. Daley and President Hu Jintao, President of the People’s Republic of China, today attended an exhibition highlighting the products and services of several Chinese companies that have established a presence in the Midwest.

“There are many Chinese businesses that have chosen to locate in the Chicago region and we appreciate their decision to do so,” Daley said at the exhibition, which was held in a warehouse in Woodridge, Il.

“Our long-range goal is to make Chicago the most “China-Friendly” city in the United States and I hope this visit will help President Hu discover that Chicago is by far the best location for any company with business interests across the United States,” he said.
Daley said China is the largest trading partner with the Chicago Customs District. In 2009 the district had $28.6 Billion in imports and $2.8 Billion in exports.
There are some 300 Chicago-based companies in China, including such names as Motorola, Wrigley and Boeing.
A few years ago, the City opened the Chicago-China Economic Development Center in Shanghai, which promotes Chicago to Chinese companies, while serving as a resource for Chicago’s small and medium-sized companies entering the China market, as well as large corporations that already have Chinese operations.
The Mayor highlighted the City’s strengths as a transportation center with the best access to North America, and as a place with a highly-skilled workforce where the business community is fully engaged in the overall goal of improving the quality of life for every resident of Chicago.
“We have a long-term strategy to secure Chicago’s economic future in the global economy, and a big part of it is raising Chicago’s profile as a center of international commerce,” Daley said.
More than 30 China-based companies are located in the Chicago area, some of which displayed their products at the exhibition, which was organized by the China General Chamber of Commerce- USA, which provides services to Chinese organizations registered in the United States.
The companies participating in the exhibition are:
  • Wanxiang America Corporation
  • Huawei Technologies
  • China Telecom (Americas) Corporation
  • ZTE USA, Inc.
  • DMTG Ingersoll Production Systems
  • BYD Company, Ltd.
  • BFM Fire and Security, Inc.
  • Bank of China, New York Branch

A. Finkl & Sons, the Chicago-based steel company also had an exhibit.

“Finkl is a great example of a mid-sized company that has been able to expand due in part to its collaboration with China. And they have done a great job infusing innovation and technology into their operations, which has enabled them to be successful with efficiency and sustainability,” Daley said.

The Mayor pointed out that he has traveled to China more than once over the past six years and has met with business and civic leaders, as well as government officials.
“These and other efforts help us continue to strengthen our relationship with China and grow as an international city,” Daley said.
“I know the companies here today have a positive story to tell about the Chicago region as a place to locate. We’re glad they chose to do business here and as I’ve said before, we hope to establish Chicago as China’s economic ‘Gateway to America’.”
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