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October 4: Chinese Subsidiary Opens Facility in Jeffersonville

 Posted by on October 2, 2021  News  Comments Off on October 4: Chinese Subsidiary Opens Facility in Jeffersonville
Oct 022021
 

HempRise, a subsidiary of China-based Layn Natural Ingredients, opened the doors to its new 100,000 square foot facility last Thursday in Jeffersonville, Ind.

The $80 million facility is expected to reach full capacity next year becoming one of the largest hemp-producing facilities in the U.S.

“HempRise has a passion for unleashing mother nature’s healing power by creating natural ingredients with amazing health benefits, we bring science and economy of scale together to make hemp derived cannabinoids widely available to the masses ,” said Dr. Zheng Yang, general manager of HempRise. “We are also committed to help building local community and contribute to the growth of manufacturing in Indiana.”

The facility, which will extract and process CBD from hemp, will process up to 8 million pounds of biomass per year within the River Ridge Commerce Center.

“We have a broad spectrum of industrial sectors that are represented at River Ridge,” said Jerry Acy, executive director of the River Ridge Development Authority. “We are really excited and happy to be part of this emerging industry in the state of Indiana and the region.”

September 8: Zhejiang-Indiana Virtual Roundtable

 Posted by on October 2, 2021  News  Comments Off on September 8: Zhejiang-Indiana Virtual Roundtable
Oct 022021
 

On September 8th, the Zhejiang Foreign Affairs Office hosted the Zhejiang-Indiana Virtual Roundtable. The purpose of the event was to promote and explore bilateral investment and trade opportunities, especially in the cities with existing sister-city relationship.

Participating organizations from Zhejiang included the Foreign Affairs Office, Department of Commerce and the China Council on Promotion of International Trade along with representatives from the cities of Hangzhou, Jiaxing, Jinhua, and Taizhou.

Participating organizations from Indiana included the Indiana Economic Development Corporation, ACSI, and Indiana University along with representatives from the cities of Batesville, Fort Wayne, Indianapolis, and Wabash.

July 14: Leutert Named Public Intellectuals Program VII Fellow

 Posted by on August 4, 2021  News  Comments Off on July 14: Leutert Named Public Intellectuals Program VII Fellow
Aug 042021
 

ACSI Board Member Dr. Wendy Leutert (GLP-Ming Z. Mei Chair of Chinese Economics and Trade at Indiana University) has been named as a Fellow for the seventh round of Public Intellectual Program (PIP) by the National Committee on US-China Relations. Launched in 2005, the PIP is dedicated to nurturing the next generation of China specialists through activities spread out over two years.

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June 23: ACSI Featured in SupChina China Corner Office Podcast

 Posted by on June 23, 2021  News  Comments Off on June 23: ACSI Featured in SupChina China Corner Office Podcast
Jun 232021
 

This week on China Corner Office, Chris Marquis talks with Mitchell Spencer, the founder of Indiana-based Polaris Rare Earth Materials, Craig Allen, the president of the US-China Business Council (USCBC), and Colin Renk, the executive director of the America China Society of Indiana. They discuss the growth of Mitchell’s businesses focused on manufacturing and supplying rare earths, particularly neodymium magnets to U.S. manufacturers, and why China is so dominant in this industry. The guests also reflect on the different lessons they have learned about doing business in China, such as the importance of flexibility and how to develop successful partnerships. Regarding the current environment, they discuss how the tariffs and global nature of supply chains affect U.S. businesses, especially SMEs.

Listen Now: https://supchina.com/podcast/china-and-rare-earths-a-view-from-u-s-states/

May 19: Indiana Exports to China Increase 56% in 2020, Becomes 5th Largest US State Goods Exporter to China

 Posted by on May 19, 2021  News  Comments Off on May 19: Indiana Exports to China Increase 56% in 2020, Becomes 5th Largest US State Goods Exporter to China
May 192021
 

Last year, Indiana goods exports to China surged by $1.4 billion—up 56% percent from 2019. After two years of trade tensions that hurt American consumers and businesses, market openings and Chinese tariff exclusions in support of purchase commitments stoked US exports, according to a study released today by the US-China Business Council (USCBC), a non-partisan trade association representing more than 200 US companies from a wide range of industries.
“Indiana has been consistently punching above its weight and that’s down in no small part to the state’s strong leadership and collaborative business environment,” said Craig Allen, CEO and President of the USCBC.

Last year, Indiana’s top exports to China included pharmaceuticals & medicines ($1.4 billion), oilseeds & grains ($1.2 billion), medical equipment & supplies ($224 million), motor vehicle parts ($210 million), and resins & synthetic fibers ($107 million). According to USCBC, Indiana’s exports to China supported 20,400 American jobs in 2019.

“Since 2018, we’ve made it our mission to help companies navigate trade-related issues to help Hoosier business not only grow, but thrive,” said Colin Renk, executive director of the America China Society of Indiana (ACSI), a business-focused non-profit that facilitates bilateral trade and investment between Indiana and China.

Between 2011 and 2020, Indiana’s exports to China increased 88% while Indiana’s exports to the rest of the world grew 3%. To read the full report, please visit https://www.uschina.org/reports/2021-state-export-report.

May 3: As US-China Ties Fray, Indiana Firms Seek to Keep Trade Flowing

 Posted by on May 3, 2021  News  Comments Off on May 3: As US-China Ties Fray, Indiana Firms Seek to Keep Trade Flowing
May 032021
 

Fifty states, fifty stories of trade relations with China. What distinguishes these stories from the national narrative, which is increasingly marked by wariness and even hostility toward China, is a pragmatic desire to keep trade flowing, preferably growing, while the federal government figures out the meaning of terms like “strategic competitors.”

States are the terrain where rubber meets the road when it comes to trade policy. Get the trade policy right, and state economies benefit. Getting it wrong means job and tax revenue losses. For example, according to a recent study commissioned by US-China Business Council, trade with China supports 1.9 million US jobs. In 2018, the most recent year data are available, there were at least 200,000 fewer US jobs because of the trade conflict with China. Government officials and businesspeople are left to wonder: Will trade continue to shrink into a shadow of its former self, or will it somehow expand to new heights in the years to come?

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Mar. 27: Asian American Hoosiers, Allies Rally Against Anti-Asian violence

 Posted by on May 3, 2021  News  Comments Off on Mar. 27: Asian American Hoosiers, Allies Rally Against Anti-Asian violence
May 032021
 

On March 27th, a coalition of Asian-American organizations including the Indianapolis Chinese Community Center Inc., the Asian American Alliance Inc., the America China Society of Indiana, the Korean American Association of Indiana, the Burmese American Community Institute, and the Asian American Association at Indiana University rallied against Anti-Asian violence on Monument Circle in downtown Indianapolis.

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Feb. 13: ACSI Receives Awards from Local Community Center

 Posted by on April 5, 2021  News  Comments Off on Feb. 13: ACSI Receives Awards from Local Community Center
Apr 052021
 

 

On February 13th, the Indianapolis Chinese Community Center, Inc. (ICCCI) celebrated their 25th anniversary and awarded the America China Society of Indiana the Collaboration Partner Award! Additionally, ACSI Board Member Weilin Long and retired ACSI Board Member Joe Xu were recognized for their Outstanding Community Service with ACSI Executive Director Colin Renk awarded the Friend of ICCCI Award.


Feb. 2: ACSI Signs MOU Agreement with US-China Business Council

 Posted by on February 1, 2021  News  Comments Off on Feb. 2: ACSI Signs MOU Agreement with US-China Business Council
Feb 012021
 

ACSI is delighted to announce a comprehensive MOU partnership with the US-China Business Council (USCBC). As part of the agreement, both organizations will collaborate on case studies, engagement, research, and other projects to support business and trade exchanges between Indiana and China. Additionally, the USCBC will provide quarterly updates to ACSI Members on the latest business and policy activity from Washington D.C.

Learn more about USCBC