China invests in US Midwest hub
02 / 02 / 2009
CHINA and local leaders have announced the creation of the Midwest/China Hub Commission. It will coordinate efforts to turn St. Louis, Missouri into a hub for China’s trade with the US Midwest.
Chinese ambassador to the United States, Zhou Wenzhong, said: “We are very pleased with the formation of this new Commission. It is another indication of the strong interest of the St. Louis region in advancing trade links with our country. That interest remains keen on our part as well.”
Two memoranda of understanding set out ways to expand trade, promote Chinese investment and establish an airfreight hub at Lambert International Airport, St. Louis.