China Eager for U.S. BusinessNovember 15, 2012 – In The News
Paul B. Edelberg was among a panel of experienced China trade and banking attorneys that spoke at a recent discussion in New York on selling into the China Market.
With its transition to a consumer economy and its aim to sustain itself as a major global trading power, China offers a wealth of opportunities for U.S. business.
Exports from the U.S. to China grew 542 percent from 2000 to 2001, according to HSBC officials. As of July, U.S. exports to China this year totaled $61 billion, well ahead of the pace of trade in 2011, when the U.S. shipped $103 billion of exports to China.
“It’s a real boom period,” through Chinese government and business officials recognize that the current rate of economy growth is not sustainable, said attorney Paul B. Edelberg, partner at Fox Rothschild L.L.P in Stamford. “They work hard over there and they want to do business. They love to do business with Americans. It’s a great opportunity.”