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Feb. 22, 2017: Gov. Holcomb Meets Chinese Consul General, Chinese Businesses

 Posted by on February 23, 2017  News  Comments Off on Feb. 22, 2017: Gov. Holcomb Meets Chinese Consul General, Chinese Businesses
Feb 232017
 

Holcomb Meeting

On Wednesday, February 22nd, Governor Eric Holcomb met with Chinese Consul General Mr. Hong Lei at the Governor’s Office in downtown Indianapolis. Accompanied by representatives from Wanxiang America, Hainan Airlines, Bank of China, Nanshan America, C&U Americas, Kingfa Science and Technology and CIMC Vanguard, the group discussed business and economic development opportunities with leadership from the Indiana Economic Development Corporation along with strengthening Indiana’s relationship with China.

Feb. 8, 2017: Chinese Tire Importer Buys Former GM Plant in Anderson

 Posted by on February 8, 2017  News  Comments Off on Feb. 8, 2017: Chinese Tire Importer Buys Former GM Plant in Anderson
Feb 082017
 

A company that imports tires from China has purchased a former General Motors plant in Indiana as a site to service its business customers.

Anderson economic development director Greg Winkler said Houston-based Sutong China Tire Resources is in the process of upgrading the 330,000-square-foot building, which was known as GM Plant 20.

The company plans to have 20 to 40 workers at the site, where it will service the utility and recreational vehicle trailer industry, large retail chain stores and independent tire retailers and wholesalers, according to Resource Commercial Real Estate, which was involved in the building’s sale.

Financial terms were not disclosed, The Anderson Herald Bulletin reported.

The building was built in 1972 to house ignition-production operations for the Delco Remy division of General Motors. It was operated by Delco Remy and related companies until 2007.

S&S Steel bought the plant for $1.5 million from the city of Anderson in 2010 for an expansion, but the company filed for bankruptcy protection in 2015 and put the site up for sale.

Sutong, founded in 1993, imports more than 5 million tires annually.

 

Courtesy of Indianapolis Business Journal and Associated Press

Dec. 7, 2016: Trump picks longtime friend of Beijing as U.S. ambassador to China

 Posted by on January 3, 2017  News  Comments Off on Dec. 7, 2016: Trump picks longtime friend of Beijing as U.S. ambassador to China
Jan 032017
 

President-elect Donald Trump will nominate Iowa Governor Terry Branstad as the next U.S. ambassador to China, choosing a longstanding friend of Beijing after rattling the world’s second largest economy with tough talk on trade and a telephone call with the leader of Taiwan.

The appointment may help to ease trade tensions between the two countries, the world’s two biggest agricultural producers, diplomats and trade experts said. Branstad has visited China at least six times, and Chinese President Xi Jinping has traveled to Iowa twice, including once while Branstad was governor.

Branstad’s appointment also suggests that Trump may be ready to take a less combative stance toward China than many expected, the experts said.

Trump in a statement cited Branstad’s qualifications including experience in government and longtime relationships with Xi and other Chinese leaders. The nomination, which will be formally made once the Republican president-elect is sworn in on Jan. 20, was well received, even among some Democrats.

“He’s tenacious, and trust me, with the Chinese, you need to be tenacious,” U.S. Agriculture Secretary Tom Vilsack, a former Iowa governor, said of Branstad.

Trump, who defeated Hillary Clinton in last month’s election, has said that when he takes office he intends to declare China a currency manipulator, meaning it keeps the yuan artificially low to make its exports cheap, and has threatened to impose punitive tariffs on Chinese goods coming into the United States.

Added to that, his unusual decision to accept a call from Taiwan President Tsai Ing-wen last week prompted a diplomatic protest on Saturday from Beijing, which considers Taiwan a renegade province. Trump’s transition team played down the exchange as a courtesy call, but the White House had to reassure China that its decades-old “one-China” policy was intact.

Branstad’s established personal connection with China could help smooth a relationship defined largely by international security matters and by bilateral trade, where the massive U.S. trade deficit with the country is a source of friction.

“It means that the Trump team understands that it is important to have an ambassador who has access to Xi Jinping,” Bonnie Glaser, a China expert at the Center for Strategic and International Studies think tank in Washington, said of the pick.

Branstad called Xi a “longtime friend” when Xi visited Iowa in February 2012, only nine months before he became China’s leader.

On Wednesday, Branstad said he and Xi have had a “30-year friendship” and added: “The president-elect understands my unique relationship to China and has asked me to serve in a way I had not previously considered.”

Before his nomination was announced, Foreign Ministry spokesman Lu Kang called Branstad an “old friend” of China when asked in Beijing about a Bloomberg report on the appointment, although he said China would work with any U.S. ambassador.

“We welcome him to play a greater role in advancing the development of China-U.S. relations,” he told a daily news briefing.

Xi’s ties to Iowa go back more than 30 years: He visited Iowa in 1985 on an agricultural research trip when he led a delegation from Hebei Province, returning 27 years later and reuniting with some of the people he had met.

Trump’s stance on China has been in particular focus since Friday’s call with Tsai, the first such top-level contact with Taiwan by a U.S. president-elect or president since President Jimmy Carter adopted a “one-China” policy in 1979, recognizing only the Beijing government.

Story Courtesy of Reuters: http://www.reuters.com/article/us-usa-trump-china-branstad-idUSKBN13W0H3

Nov. 10, 2016: ACSI Celebrates Fifth Annual Gala

 Posted by on December 1, 2016  News  Comments Off on Nov. 10, 2016: ACSI Celebrates Fifth Annual Gala
Dec 012016
 

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On November 10th, ACSI hosted its Fifth Annual Gala at the The Conrad in downtown Indianapolis. With more than 175 guests in attendance, the event began with performances by the Indianapolis Chinese Community Center, Inc. followed by a keynote address by Chinese Consul General Mr. Hong Lei. ICCCI was awarded the 2016 Friend of China Award with Mr. Jay Chu awarded the 2016 Friend of Indiana Award  for their continued efforts in strengthening economic and cultural ties between Indiana and China. A huge thank you to our event sponsors Buchanan Group, Greater Columbus Economic Development Corporation and Indiana Economic Development Corporation and our Table Sponsors: Barnes & Thornburg, Confucius Institute, East Terra Supply, Eli Lilly, Gaylor, Hoosier Energy, ICPAI/Lilly CCN, Ivy Tech Community College, JP Morgan Chase, Ogletree Deakins, Purdue China Center/Nanshan Fund and Telamon Corporation.

Oct. 27, 2016: Indiana Hosts Investment Delegation from Zhejiang Province

 Posted by on December 1, 2016  News  Comments Off on Oct. 27, 2016: Indiana Hosts Investment Delegation from Zhejiang Province
Dec 012016
 

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On October 27th, the State of Indiana welcomed an investment delegation from Zhejiang Province. Led by Deputy Secretary General Mr. Lu Jianqiang, the 40-person delegation attended the Invest in America Conference hosted by the U.S. Chamber of Commerce and Indiana Economic Development Corporation. The group, which included representatives from Automotive, Banking, Energy, Manufacturing, Media, Medical Device, and Venture Capital industries, met with city and state officials before touring the Indianapolis Motor Speedway and attending a welcome reception by ACSI.

Sep. 1, 2016: ACSI Hosts First China Business Conference

 Posted by on October 14, 2016  News  Comments Off on Sep. 1, 2016: ACSI Hosts First China Business Conference
Oct 142016
 

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On September 1st, the America China Society of Indiana hosted its first ever China Business Conference at the Conrad in downtown Indianapolis. The half-day event began with a welcome address by Secretary of Commerce Victor Smith and Chinese Consul General Hong Lei followed by a China Economic Outlook by JP Morgan Chase’s Kok-Chi Tsim. The event also included two panel discussions: the first on China Investment in the Midwest by Mr. Charlie Cai (Westfield Outdoors), Mr. Jim Lechleitner (STARR Strategic Partners), Mr. Eric Lo (China Telecom Americas) and Mr. Russell Menyhart (Taft Stettinius & Hollister); the second on Indiana Investment in China by Ms. Christine Sohar Henter (Barnes & Thornburg), Mr. Ye Hu (U.S. Commercial Service), Mr. Kingdon Offenbacker and Ms. Julie Xing (Eli Lilly and Company).

Thank you to our Sponsors:

conference-sponsors

July 25, 2016: ACSI Hosts Reception for Sinocare

 Posted by on October 14, 2016  News  Comments Off on July 25, 2016: ACSI Hosts Reception for Sinocare
Oct 142016
 

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On July 25th, the America China Society of Indiana welcomed Shaobo Li, Chairman and CEO of Sinocare to Indianapolis. Founded in 2002, the company develops, manufactures and sells biosensor technology real-time detection products. In 2012, the company was listed on the Growth Enterprise Market of SZSE (Shenzhen Stock Exchange SHE: 300298) and became the first biosensor stock in China. Earlier this year, Sinocare announced plans to acquire Indianapolis-based PTS Diagnostics.

July 22, 2016: Mr. Hong Lei Named New Consul General

 Posted by on October 14, 2016  News  Comments Off on July 22, 2016: Mr. Hong Lei Named New Consul General
Oct 142016
 

Mr.HONG Lei, the new Consul General of the People’s Republic of China in Chicago, has arrived in the city of Chicago and assumed his office from July 22, 2016.

In an interview with local Chinese media at the O’Hare airport upon his arrival, Consul General HONG Lei extended cordial greetings to local Chinese community. He said that, with the unprecedented development of China-US relations and the unprecedented scale of common interest between China and US, our two nations are shouldering unprecedented responsibilities to safeguard the peace,prosperity and stability of the world. We should keep the bilateral ties developing steadily on a healthy track so as to benefit our nations and people.

Consul General HONG Lei noted that all the nine states within the consular district of the Chinese Consulate General in Chicago are showing strong desires to develop closer ties with China. As a new Consul General, he will devote himself to working with people from all walks of life in the Midwest, with the aim of strengthening China-U.S. Relations, to further promote pragmatic cooperation and people-to-people exchanges between China and the region. He will also dedicate himself as always to providing good services to the local Chinese community, who has played an important role in promoting China-US ties and the development of our two nations, as well as to the Chinese students.

Consul General HONG Lei was a spokesperson for the Chinese Foreign Ministry before this posting, and he spent years working in Chinese Embassy in Netherlands and Chinese Consulate General in San Francisco.

Story Courtesy of Chinese Consulate in Chicago

May 12, 2016: Bedford Mayor Leads Delegation to China

 Posted by on June 6, 2016  News  Comments Off on May 12, 2016: Bedford Mayor Leads Delegation to China
Jun 062016
 

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On May 12th, Bedford Mayor Shawna Girgis travelled to China on an eight-day business trip. Accompanied by Mr. Larry Ingraham (Ingraham & Associates) and Ms. Ellen Chen (William-Lynn-James), Mayor Girgis travelled to Shanghai, Hangzhou and Bedford’s sister city, Fenghua to meet with business, government and education leaders.

In Shanghai Mayor Girgis met with an executive of the Starr Company that is representing Indiana in China to discuss business interests. She then met with Zhejiang provincial officials in Hangzhou to discuss the investment attractions of Bedford/Lawrence County, and ways to celebrate the 30th anniversary of the Indiana-Zhejiang sister-state relationship in 2017. In sister-city Fenghua Mayor Girgis met with Mayor Gao Haomeng, and signed an historic sister-school agreement between Bedford Middle School and the Fenghua Experimental Middle School that sets the stage for student/teacher exchanges between the two communities beginning in 2017. In addition, in both Hangzhou and Fenghua Mayor Girgis visited manufacturing companies that are interested in investing in the U.S. in the future. Her trip was dedicated to creating new opportunities for her community in the areas of culture, education and business.

May 2, 2016: PTS Diagnostics to be Acquired by Sinocare

 Posted by on October 14, 2016  News  Comments Off on May 2, 2016: PTS Diagnostics to be Acquired by Sinocare
Oct 142016
 

Indianapolis-based PTS Diagnostics is being acquired by a Chinese company in a $200 million deal. The biometric testing device company expects the deal with Sinocare to close later this year. The companies say anticipate adding employees because of the business growth they expect from the acquisition.

PTS Chief Executive Officer Robert Huffstodt says the acquisition will put the company’s products in front of a much larger customer base. PTS has 215 employees, including 149 in Indianapolis.

The deal also includes considerations of up to $90 million, which are contingent on meeting certain milestones. Upon closing, PTS Diagnostics will become a wholly-owned subsidiary of Sinocare.

Huffstodt says the company is “quite pleased and excited” by opportunities that could come as a result of the acquisition. In a release, he said, “We share a vision of innovation and creativity, and together we will make our various solutions available to a much larger customer base, driving action and connecting more people to improved outcomes. Our biometric connectivity and information platform, the PTS Connect solution, continues to solve significant data management problems for healthcare professionals.”

Sinocare CEO Shaobo Li says the company “commends and respects” the achievements of PTS, adding “we are confident that they will be able to continue to deliver and achieve our common goals.”

PTS Diagnostics says it designs, manufactures and distributes its products for markets in more than 135 countries.

Story Courtesy of Inside Indiana Business