On Wednesday April, 1st 2009 Zhang Yingxin, Deputy Director General, of the Investment Promotion Agency of the Ministry of Commerce for the Peoples Republic of China (CIPA), was proud to announce the successful results yielded by its 2007 memorandum of understanding with Wisconsin. The CIPA’s charge is to engage the Chinese investment promotion process through foreign direct investment both in and from China.
In her recent letter to Wisconsin Department of Commerce Secretary Leinenkugel, Yingxin commented on the importance of “coordinating international efforts and enhancing cooperation” especially in times of economic turmoil. Yingxin also cited ties between allies, like Wisconsin and China, as vital in such times. China is Wisconsin’s third largest trading partner.
Later this month Governor Doyle, Secretary Leinenkugel, and our own Bob Kraft will meet with the CIPA delegation to discuss investment synergies and perform local field visits. The state of Wisconsin is honored to host such an influential and cooperative economic partner.