Members of the Naperville Area Chamber of Commerce recently learned about the business relationship between the United States and the People’s Republic of China. Consul General to the Midwest Jeffrey Yang spoke at the chamber’s General Membership Luncheon.
Yang said China is looking to import more as the average Chinese household income has increased 20% in the last five years. That means there’s now a market for small and medium enterprises (SMEs), like many Napervile businesses, which wasn’t the case 30 years ago.
“There is so much need and demand in China for some of the products that can be produced by SMEs,” said Yang.
Those products include machinery, luxury goods, and foods like meat and grains. But for this business to happen, the relationship between the two countries needs to improve. Yang says the U.S. will have to release some of the trade barriers on exports. Chamber staff are planning a trip to China for sometime next year.
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