Delegation Explores Investment Opportunities in Eastern Chinese City

A business delegation of representatives from U.S. companies such as IBM, Johnson & Johnson, and Qualcomm visited Quzhou, Zhejiang province, from Oct. 23 to 24, to explore business and investment opportunities.

A U.S. delegation meets with Quzhou entrepreneurs and commerce officials in Quzhou, Zhejiang province, on Oct. 23, 2024. [Photo provided to China.org.cn]

The delegation led by Dong Zailiang, a commerce and investment director at the American Chamber of Commerce in Shanghai, met with their Quzhou counterparts as well as local commerce officials. They learned about the city's industrial and economic situation, investment environment, and policy framework and discussed ways to expand cooperation on trade and investment between the two sides.

The delegation visited industrial parks and leading enterprises in Quzhou during the two-day visit.

A U.S. delegation visits an industrial park in Quzhou, Zhejiang province, during a visit from Oct. 23-24, 2024. [Photo provided to China.org.cn]

Dong said this visit offered opportunities for more member enterprises from the chamber to get familiar with Quzhou's business environment and industrial advantages, and that he hopes more member companies would come and invest in the city.  

Members of the delegation expressed their interest in developing economic cooperation with Quzhou.

"Quzhou is a very vibrant city full of possibilities," said Jiang Nan, a senior manager of government relations at Qualcomm China. "We hope to collaborate with more local enterprises."

In 2023, 497 enterprises in Quzhou had trade connections with the U.S., with a total import and export volume of 5.9 billion yuan ($827.5 million), an increase of 11.08% year on year. In the first eight months of 2024, Quzhou's import and export with the U.S. reached 4.26 billion yuan, marking a year-on-year increase of 20.44%.