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WASHINGTON, D.C. –- While visiting China on a trade mission with key staff, Mayor Vincent C. Gray and Deputy Mayor for Planning and Economic Development Victor L. Hoskins today announced the launch of the D.C. China Center in Shanghai. The District’s first foreign-trade office, the D.C. China Center will cultivate business and trade relationships in the People’s Republic of China.
The office is a crucial part of the Mayor’s efforts to build a New Economy in the District that cultivates local businesses and businesspersons who want to compete in the global marketplace. The D.C. China Center will be overseen by the Business Development Office within the Office of the Deputy Mayor for Planning and Economic Development (DMPED), and it will serve as a platform to aid both Chinese and District businesses seeking to enter either the Chinese or U.S. market. Its launch marks a pivotal step forward in the District’s economic development by giving the District a physical footing on foreign soil for the first time.
“Throughout this trade mission, I have met countless Chinese business leaders who are eager to take part in the District’s economic renaissance. The trade mission is soon coming to an end, but I am delighted to launch the D.C. China Center as a permanent way to build on the enthusiasm for doing business in D.C. that I’ve seen here,” Mayor Gray said. “The D.C. China Center will connect new Chinese companies and investors with our city, helping launch businesses and break ground on real-estate projects. We want entrepreneurs and investors alike to know that doing business in the District can be powerfully rewarding.”
“Chinese business leaders appreciate the District’s global impact as a political and economic hub. But they may not know how to enter our markets, and without help they won’t try” said Deputy Mayor Hoskins. “With this office, we will now have a resource right in their backyard that can guide them through the process of investing in the District and show them that our city welcomes them.”
The D.C. China Center will provide full-time professionals in Shanghai who will be available to help District businesses gain access to the Chinese market and help Chinese businesses gain access to the District market. DMPED will identify District-based businesses seeking to export their products and services to China and will connect them with D.C. China Center staff, who can address their particular needs. The center will also identify and assist Chinese businesses that have an interest in establishing a presence in the District. D.C. China Center staff will disseminate information about business incentives, regulatory frameworks and the many attractions of doing business in the nation’s capital.
For more information on resources available to business looking to expand or grow in the District, please visit www.dmped.dc.gov.