Chinese LED lighting manufacturing and engineering compnay is seeking US partners

A leading LED manufacturing and engineering firm in Southern China is actively seeking business partners in the U.S., if you are interested in details, please contact us at http://www.midwestUSAChina.com

China Trade Mission for U.S Business Immigration Lawyers

Artisan Business Group is planning a China trade mission for U.S. based immigration lawyers who are interested in helping Chinese investors and businesses to establish presence in the U.S. The mission is designed for those firms that have never had direct contact with China market. For complete details, please contact us at http://www.midwestUSAChina.com

Premier: China "able to achieve" about 8% growth

China will be able to achieve the economic growth target of about 8 percent in 2009, if proper policies and measures are taken, says a government work report to be delivered by Premier Wen Jiabao at the parliament's annual session Thursday.

"As long as we adopt the right policies and appropriate measures and implement them effectively, we will be able to achieve this target," reads the report, distributed to the media before the opening of the Second Session of the 11th National People's Congress (NPC).

It is the fifth year in a row for the country to target an eight-percent growth.

"In China, a developing country with a population of 1.3 billion, maintaining a certain growth rate for the economy is essential for expanding employment for both urban and rural residents, increasing people's incomes and ensuring social stability," says the report.

China's economy cooled to a seven-year low of nine percent last year, and broke a five-year streak of double-digit expansion, as the global financial crisis takes its toll on the world's fastest growing economy.

China is under great pressure to actualize the targeted eight-percent growth, which is essential for the populous developing nation, although the country outperformed the target in the previous four years.

With the global financial crisis still unfolding, the report acknowledges that 2009 could be "the most difficult year for China's economic development since the beginning of the 21st century."

Last time when the country was confronted by a similar crisis, China's economy expanded by 7.8 percent in 1998, in the wake of the Asian financial crisis.

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China stresses domestic demand in stimulating growth as crisis harms export

China would make boosting domestic demand a "long-term" strategy and take further measures to stimulate consumer spending, as the country seeks to lead its economy out of a slowdown that started with falling export.

The country would "give a full play" to the "leading" role of domestic demand, particularly consumer demand, in driving economic growth, Premier Wen Jiabao said in his government work report at the opening of the second session of the 11th National People's Congress (NPC) Thursday.

China would actively boost domestic demand by increasing people's income, encouraging auto consumption, tapping the rural market, stabilizing the real estate market, offering proper housing for low-income families and accelerating the reconstruction of areas devastated in the May 12 earthquake last year, Wen said.

The government would raise the proportion of the national income that goes to wages, he said, adding the government would continue to adjust income distribution and increase subsidies to farmers and low-income urban residents.

Wen also said that central government investment, planned at 908 billion yuan (132.7 billion U.S. dollars) this year, would mainly go to projects that could improve people's lives, to create a more favorable environment encouraging people to spend.

"We must channel government investment to areas where it best counteracts the effects of the global financial crisis and to weakareas in economic and social development," he said.

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Chinese MPA students visit Illinois State Capitol

Professor Bernard Sieracki led a group of 50 MPA students (Chinese government officials) at IIT to Springfield, Illinois. Mr. Brian Su of ABG was invited to accompany the group. The group met with Illinois Senate President John Cullerton; and held meetings at the office of Illinois Comptroller Dan Hynes and Illinois EPA. The students were impressed with open committee meetings and rally held at the capitol.

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U.S. China Business Cooperation in the 21st Century (April 15-17, 2009)

China and the United States have become highly interdependent over the past three decades. Deepening business cooperation is central to restoring growth and prosperity in both countries.

Participants who register for this free three-day program will:

• Meet and network with leading American and Chinese entrepreneurs, corporate leaders, investors, officials, and scholars
• Find new business opportunities across a wide range of industries
• Receive practical advice on managing the challenges of doing business with China
• Learn of regional strategies to support business cooperation with China

Day 1: Expanding US-Chinese Business Cooperation in the Current Economic Climate
Day 2: Entrepreneurship and US-Chinese Business Cooperation
Day 3: Entrepreneurship Law Clinic Workshop, Industry Tour, and Meeting with Vincent Mo

Our 50 speakers include Michael Barbalas, President of the American Chamber of Commerce in China; Vincent Mo,Chairman of the Board and CEO of SouFun Holdings; Stephen Sterrett, Chief Financial Officer of Simon Property Group; Daniel Wright, Senior Vice President of Stonebridge International; Indianapolis Mayor Gregory Ballard; IU President Michael McRobbie; and many more American and Chinese entrepreneurs, investors, regional officials, and leading specialists in entrepreneurship, economic development, commercial law, and US-China relations.

To register for 1, 2, or 3 days, visit: http://www.indiana.edu/~rccpb/uschinacooperation.

The conference is presented by Indiana University and sponsored by Cornerstone Information Systems, the Enlight Foundation, the Indy Partnership, Baker & Daniels, the American Chamber of Commerce in China, Simon Property Group, and the City of Indianapolis. Our Chinese media partner is Caijing Magazine.

China's aquatic product export tops $10 billion

China's aquatic product export volume valued at 10.6 billion U.S. dollars in 2008, making it the biggest sources, or 26.2 percent of the country's total farm produce exports, according to the Ministry of Agriculture (MOA) statistics.

China exported 2.97 million tonnes of aquatic products last year, a year-on-year drop of 3.2 percent, but the export value was8.9 percent higher than 2007, due to rising prices, the MOA said Saturday.

The total import and export volume rose 4.9 percent to 6.85 million tonnes, worth 16.02 billion U.S. dollars, up 10.7 percent from a year earlier.

Influenced by the United States import ban on four Chinese aquatic products in 2007, fearing it contained carcinogen and other harmful substances, and "dumpling poisoning" case in Japan in early 2008, China's aquatic products export faced difficulties for some time.

The situation began to turn around since last March thanks to efforts from various sides, the ministry said.

Japan remained China's biggest overseas market, although the export value was down 5.8 percent from a year ago, according to the ministry.

MOA official noted the aquatic product export would face severe challenges in 2009 as the global financial crisis deepened.

He said the ministry would take measures to secure and expand market to ensure a stable export in 2009.

Contact: http://www.midwestUSAChina.com

Artisan Business Group Plans Trade Mission for U.S. Lawyers

Artisan Business Group is planning a China trade mission for U.S. lawyers who are interested in establish business contacts or presence in China. For details, please contact http://www.midwestUSAChina.com.