Delegation explores investment opportunities in eastern Chinese city

A business delegation of representatives from US companies such as IBM and Johnson & Johnson visited Quzhou, Zhejiang province, from Oct 23 to 24, to explore business and investment opportunities.

The delegation led by Dong Zailiang, a commerce and investment director at the American Chamber of Commerce in Shanghai, met with their Quzhou counterparts as well as local commerce officials. They learned about the city's industrial and economic situation, investment environment, and policy framework and discussed ways to expand cooperation on trade and investment between the two sides.

The delegation visited industrial parks and leading enterprises in Quzhou during the two-day visit.

Dong said this visit offered opportunities for more member enterprises from the chamber to get familiar with Quzhou's business environment and industrial advantages, and that he hopes more member companies would come and invest in the city.

Members of the delegation expressed their interest in developing economic cooperation with Quzhou.

In 2023, 497 enterprises in Quzhou had trade connections with the US, with a total import and export volume of 5.9 billion yuan ($827.5 million), an increase of 11.08% year-on-year. In the first eight months of 2024, Quzhou's import and export with the US reached 4.26 billion yuan, marking a year-on-year increase of 20.44%.