Chicago signs MOU with eight cities

China Daily (Canada) - - NEWS CAPSULE -

Chicago Mayor Rahm Emanuel and rep­re­sen­ta­tives of eight Chi­nese cities signed a mem­o­ran­dum of un­der­stand­ing that fo­cuses on sev­eral key sec­tors, in­clud­ing fi­nance and insurance, tourism, trans­porta­tion and lo­gis­tics and in­fra­struc­ture.

Emanuel, for­mer chief of staff for Pres­i­dent Barack Obama, met with Min­is­ter of Com­merce Gao Hucheng and lead­er­ship rep­re­sen­ta­tives of Bei­jing, Shang­hai, Tian­jin, Qing­dao, Shenyang, Hangzhou, Wuhan, and Chengdu on a two-day trip to China to sign the Gate­way Cities Agree­ment that “[for­ti­fies] Chicago’s place as a gate­way for Chi­nese in­vest­ment in part­ner­ship with th­ese eight cities,” ac­cord­ing to a state­ment.

China is Chicago’s largest global trade part­ner, with the coun­try send­ing $51.2 bil­lion of goods to the Chicago Cus­toms Dis­trict in 2012 and Chicago ex­port­ing $4.3 bil­lion to China. (Photo 3)

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