International Focus Magazine Vol. 4, #1 - Page 20

travel T I S I V L U F T I U A FR IGHT FUTURE R B A A year ago, when Mayor Turner was leading a 72-member delegation to visit China, the largest del- egation Houston ever had abroad, he declared that Houston and China have reached “a golden moment” of mutual economic advantage. The delegation visited China’s three first-tier cities, Shenzhen, Shanghai, and Beijing, which truly embarked on a new phase of re- lationship between China and Houston. Over the last year, not only economic ties are tightening, mutual understanding and friendship are also deepening, just to name a few: The importance of economic and trade cooperation between the two sides can never be exaggerated. China has become the second largest trading partner of Hous- ton. According to Greater Houston Partnership(GHP) research, from 2008 to 2017, trade between China and Houston averaged $13.8 billion annually, and has jumped to $18.8 billion in 2017. Forty-four Houston firms operate 114 subsidiary locations in China, in- cluding BMC Software, NetIQ and Universal Weather & Aviation. Roughly 114 Chinese firms have invested about 14 billion U.S. dollars in Houston, including Petrochina, Sinochem, and TPCO Enterprise. Just a month ago, the GHP led a delegation to China and participated in China’s first International Import Expo. At the opening ceremony, President Xi Jinping reaf- firmed that China will broaden its opening-up, work toward greater opening in the agricultural, mining and 20 iF Magazine | January 2019