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CHINA September 2010 . China’s Economy at a Glance. Experienced rapid economic growth Reform started in late 1978 and has turned China into the fastest growing major economy in the world Developed economic and industrial zones/parks to avoid land waste and create industry clustering
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CHINA September 2010
China’s Economy at a Glance • Experienced rapid economic growth • Reform started in late 1978 and has turned China into the fastest growing major economy in the world • Developed economic and industrial zones/parks to avoid land waste and create industry clustering • World's second largest economy after the United States by both nominal GDP ($4.99 trillion in 2009) and by purchasing power parity ($8.77 trillion in 2009) • Second largest trading nation in the world and the largest exporter and second largest importer of goods
China Itinerary • Met with Government, Business, and Academic Leaders interested in Promoting Trade and Business Partnering in the Mississippi River Delta • Shenzhen, Guandong Province • 14 Million Population • Green Hi-Tech Industry Focus • Beihai, Guangxi Province • 300,000 Population • Port City and Agriculture Focus • Guiyang, Ghizhou Province • 4.0 Million Population • Manufacturing City • Beijing • Met with Sanming Officials, Business and Government Leaders
Growing Madison Warehousing & Agriculture Green Distribution Tech Exchange Park
Pepnice Corp • Came to visit Louisiana - January 2010 • Largest manufacturer of Light Emitting Diodes (LEDs) in the World • Would like to produce LED lighting fixtures and electronic billboards in Louisiana • Would like to be able to sell products to retail stores (Home Depot, Wal-Mart, Lowes) • LEDs come retrofitted to replace traditional fixtures • Fixtures could be use in residential and commercial buildings • Other uses are airport lights, street lights, automotive • LEDs are environmentally friendly to manufacture, energy efficient, reduced heat output, use less wattage, longer lifetime of bulb
Build Your Dreams (BYD) • Company was established in 1995 • BYD is ranked #1 at the top of Bloomberg’s and Business Week's 2009 Tech 100 List • Specializes in IT, automotive, new energy • Largest market share Nickel batteries, Handset Lithium-ion batteries, cell phone chargers, and handsets • Largest supplier of rechargeable batteries
BYD Automotive (Build Your Dreams) • Green products: Electric vehicles, energy storage stations, solar power stations • 2008, Warren Buffet took 10% stake in BYD • Exhibited at Detroit Autos Show in 2009 • BYD will do ROI calculation if using their lighting products • Viewed a off-grid home on BYD’s campus • Home was manufactured in partnership with KB Homes • Model home in Lancaster, CA
Port of Beihai and Industrial ParkBeihai, Guangxi Port Authority: Beihai Harbor Administration Located in the northeast of Beihai Gulf in the South China Sea and at the tip of Beihai Peninsula, is a main international trading port in South west China Four deepwater berths for vessels of over 10,000 dwt. The throughput of the port in 1995 amounted to 2.02 million tons
Port of Beihai and Potential Business Opportunities 200 million importing soybeans primarily 150 million waste from ethanol processes; could ship plant waste for ethanol production Madison Port would need Agriculture Exchange Zone to partner with the Beihai Agriculture Zone
China Agriculture University • China's wine industry is expanding rapidly but isn't keeping pace with growing domestic demand for wine • Wine research conducted and used to aid local farmers/wine producers • Opportunities to export wine to China • Collaborate on cost and materials needed for Turn-key winery (small, medium, large) and vineyards in the Louisiana Delta
Memorandum of Understanding between Sanming, China and Madison Parish, LA • Sanming, located in Fujian Province, has population of 2.6M people. • One of China’s largest importers of cotton, soybeans, and other agricultural products, • More that 200 Textile Mills in Sanming • Desire to create an Agriculture Exchange between the two governments
Path Forward • Questions / Comments