Investing in growing trade ties
By Wang Yanlin |
June 14, 2012, Thursday
|
Print Edition
Print Edition
TRADE and investment ties between Chinese cities and the State of Minnesota in the US are set to grow after several companies, including Best Buy and Carlson Rezidor Hotel Group, said they will invest here.
Minnesota Governor Mark Dayton led a business delegation on a 10-day business trip to China which covered Beijing, Shanghai and Xi'an, Shaanxi Province to promote trade and investment.
Carlson Rezidor Hotel Group, which now has 33 hotels in operation and under development in China, said yesterday in Shanghai it had signed agreements for three new hotels in Wuxi in Jiangsu Province, Chengdu in Sichuan Province and Wuhan in Hubei Province to expand its footprint.
TGI Friday's, a restaurant chain operated by Carlson, also announced it will set up a wholly-owned foreign enterprise in Shanghai as its China headquarters, and will soon open its first directly managed restaurant in the country.
Meanwhile Best Buy said they will continue to invest in Five Star, which plans to open 50 new stores in China this year.
Minnesota Governor Mark Dayton led a business delegation on a 10-day business trip to China which covered Beijing, Shanghai and Xi'an, Shaanxi Province to promote trade and investment.
Carlson Rezidor Hotel Group, which now has 33 hotels in operation and under development in China, said yesterday in Shanghai it had signed agreements for three new hotels in Wuxi in Jiangsu Province, Chengdu in Sichuan Province and Wuhan in Hubei Province to expand its footprint.
TGI Friday's, a restaurant chain operated by Carlson, also announced it will set up a wholly-owned foreign enterprise in Shanghai as its China headquarters, and will soon open its first directly managed restaurant in the country.
Meanwhile Best Buy said they will continue to invest in Five Star, which plans to open 50 new stores in China this year.
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