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By: Kun Zhao, Esq.
This year is the 30th anniversary of the signing of New Jersey-Zhejiang Province Sister State Agreement. The Christie administration and a delegation from Zhejiang recently hosted the 2011 New Jersey-Zhejiang Investment and Trade Symposium at William Patterson University inWayne, NJ as part of the celebration.

New Jersey uniquely sits in center of the tri-state region that has 100 million consumers with a collective purchasing power of $2 trillion, connecting New York City and Philadelphia. It also gains the competitive edge by its complete infrastructure and fully-developed network of transportation.

From 2003 to 2010, with its consistent policies and continued dedication to grow international trade and foreign direct investment (“FDI”), New Jersey has received $227 million in direct investment from China. The Christie Administration has shown a new, unprecedented commitment to growing exports and FDI. Since Governor Christie took office, there have been14 new FDI projects, representing $1.4 billion of new capital investment in New Jersey. China has become one of the primary contributors.

A great number of major corporations from China are headquartered or actively operating in New Jersey, including Huawei Technologies (USA) in Bridgewater, Huahai US, Inc. in Cranbury, China Construction America, Inc. in Jersey City, Hisun USA, Inc. in Princeton, and Minmetals Corporation in Weehawken.

With its unique geographic location, efficient market reach and firm government commitment, New Jersey will undoubtedly continue to be an important trading partner with China and be one of the most favorable destinations of FDI from China.