China was a virtually untapped market for Virginia when the present Governor took office in early 2010, but in just two years, officials have recognized it’s tremendous potential and vaulted it to the top of the State’s agenda.
“It’s smart to seek out investment and business opportunities with China politically and economically.“- Virginia Governor
China has emergence as a world power over the past two decades, continuing to build it’s wealth and grow a healthy population; of over 1.3 billion. In fact, China has been growing at 9 percent per year, for the last 20 years and is considered by most; to be a “phenomenal growth in GDP.”
The Governor’s office is very pleased, that the state’s trade relationship with China has developed strongly, in the last decade. China is now Virginia’s second-biggest export market, led by paper products, non-electrical machinery, computers and electronics, waste and scrap, and chemicals. Notably, agricultural exports from Virginia to China grew to $304 million from $194 million in 2010.
The Governor believes that Virginia makes a good choice for Chinese investment, because of its low taxes, good public education system and skilled work force.