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Shandong governor says huge potential for business with US

(China Daily)

15:07, October 19, 2011

BEIJING, Oct 19 (Xinhuanet) -- Shandong province hopes to expand cooperation with the United States as the coastal province steps up efforts to set up special economic zones, said Governor Jiang Daming.

In an e-mail interview with China Daily before the China-US Governors Forum due to open on Wednesday in Beijing, Jiang said that he hopes to enhance relationships with US state and territorial governments.

"At the forum, I will talk with several governors, including those from Washington, Georgia and North Carolina, to seek more substantial cooperation in a wide range of sectors, especially in agriculture, services, newly emerging industries and high-end manufacturing research and development," Jiang said.

Jiang is expected to sign an agreement with his counterpart from Georgia at the forum.

The US is now Shandong's second-largest trading partner, Jiang said. In 2010, bilateral trade between Shandong and the US reached $26.55 billion, a year-on-year increase of 31.1 percent, and the volume was $19.88 billion in the first eight months of this year.

"An obvious feature of Shandong's trade with the US is that Shandong buys more from the US," Jiang said.

Last year, Shandong's imports from the US increased 50 percent, 26 percentage points higher than the growth rate of the province's exports to the US.

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