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Gov. Snyder’s China Trade Mission Bolsters Businesses, Jobs in Michigan

Capitalizing on the growing interest of Chinese firms to invest in Michigan, the Detroit Regional Chamber participated in a weeklong trade mission to China with Gov. Rick Snyder in November to promote economic development opportunities in the region.

The Governor met with top executives from numerous Chinese companies in one-on-one business receptions and roundtable discussions, along with government officials in Beijing, Shenyang,Guangzhou, Shanghai and Hangzhou to address Michigan’s economic recovery and Detroit’s exit from bankruptcy. The Governor also signed a memorandum of understanding between the Michigan Automotive Office and Chinese Council for Promotion of International Trade (CCPIT) Automotive Committee. The agreement provides for a U.S.-China automotive forum both at the North American International Auto Show and the Shanghai/Beijing Auto Show.

The trip included several contract signings between Chinese and Michigan companies, includingShanghai Automotive Industry Corp. The company’s STEC USA subsidiary will locate a new headquarters and manufacturing facility in Madison Heights, investing more than $100 million and creating more than 1,000 jobs in the state. These contracts will increase export opportunities from Michigan to China.

As part of the trip, Maureen Krauss, vice president of economic development for the Chamber, helped facilitate meetings with the Governor, the Michigan Economic Development Corporationand several key Chinese prospects to ensure that the Detroit region is front and center for future investment.