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Nebraska serious about growing trade with China


MAY ZHOU / CHINA DAILY

By MAY ZHOU and ZHANG YUAN in Omaha, Nebraska | China Daily USA

In welcoming scores of Chinese and American business leaders to Omaha, Nebraska Governor Pete Ricketts said that he believes the state’s relationship with China will grow.

“In China, we see the middle classes are increasing tremendously,” Ricketts said on Friday. “That presents opportunities for us to expand the relationship. In Nebraska, we think long term.”

“That’s actually one of the things that is very similar between the Nebraska culture and Chinese culture — emphasis on long term. That’s why I think the relationship with China will grow,” he said.

The governor said that China is the state’s second largest trade partner outside of North America and one of the fastest-growing: “Nebraska exported $1.3 billion of products last year to China,” he said.

Elaborating on the state government’s effort to improve education, regulation and the tax system, Ricketts invited business leaders to consider investing in the state.

“We seek those Chinese companies who look to invest in Nebraska to help them to grow their business in the US, help them to leverage our regulatory and tax environment, our central location and the shared culture value,” Ricketts said.

Compared to other states such as Texas or California, Chinese direct investment in Nebraska is relatively small. The notable Chinese investments include a $3 million investment in shipping and logistics by Easyway International of Xi’an, Shaanxi province, and a $25 million investment in Worldlawn Power Equipment by Jiangsu World Group from Zhenjiang, Jiangsu province.

Read the full article at China Daily.