More than 30 government officials and businessmen from China came to Memphis Friday (July 27), gathering at the Peabody hotel to hear presentations from state and local economic development officials.
They represented mostly mid-sized Chinese businesses, the leaders of which have expressed an interest in investing in bioscience and logistics industry projects in the U.S. And Memphis was one of only a few cities on their recent U.S. swing.
The visits reflected an important fact about the relationship between China and Tennessee. China is the state’s third largest export nation behind Canada and Mexico, and Tennessee exports to China accounted for $2 billion in 2011.
To bring the Chinese delegation here, the Greater Memphis Chamber’s International Development department worked with the Tennessee Economic and Community Development Department, the China Investment Promotion Agency, the Tennessee China Development Center and the West Tennessee Industrial Association.