Officials from the United States are echoing the
exhortation of the 19th-Century forebears and telling their
countrymen to "Go west" -- but this time in China.
More American entrepreneurs and companies were eyeing
China's less developed western hinterland, said William A. Brekke,
commercial counselor of the US embassy in China.
"Western China's provinces are quite like the American
western regions years ago, full of business opportunities. Both
American and Chinese companies can find chances for cooperation
here," Brekke said at the sixth China Western Region International
Economic Cooperation Fair in Xi'an, northwest China's Shaanxi Province.
The fair is held in conjunction with the 11th
Investment and Trade Forum for Cooperation between East and West
China, which over the past 10 years, has seen the signing of 1,305
foreign investment contracts worth a total US$15.6
billion.
More than 4,000 foreign investors from 30 countries
attended this year's event.
The US embassy's foreign commercial service brought
representatives from the states of Kentucky, Illinois, North
Carolina, Maryland and Idaho this year, making it the biggest-ever
US delegation to the forum.
"About 50 percent of the American companies in China
are currently based in Shanghai and Beijing. What they will do next
is to help American firms enter China's medium-sized cities and
western regions," Brekke said.
The development of western China had strong support
from China's government and big western cities, especially Xi'an
and Chengdu, which were very strong in high technology, electronics
and energy, said William Chu, director of Asia Pacific office of
North Carolina.
He said he would recommend the western provinces to
the US firms wanting to do business in China.
Last month, Idaho-based Micron Technology Inc.
invested US$250 million in a manufacturing facility in the Xi'an
Hi-tech Industries Development Zone.
It was Micron's first manufacturing facility in China
and is a project involving the biggest investment ever made at the
Xi'an High-Tech Zone.
Applied Materials Inc., a major nanotechnology
manufacturer, also opened a new technology support center here last
month.
The latest in the wave of American companies "going
west" is software giant Oracle, which is to open its fifth Chinese
branch in Xi'an.
(Xinhua News Agency April 10, 2007)
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