US-China Business Council (USCBC) Vice President for China Operations Piper Stover led a delegation of member companies to Changsha, Hunan Province on September 13, 2013. This US-China Investment Program ws organized in conjunction with the China Council for the Promotion of International Trade (CCPIT) and brought together a diverse group of stakeholders from central and local governments, as well as Chinese companies interested in both inbound and outbound investment with the United States.
Hunan Province Vice Governor He Baoxiang (何报翔) delivered a keynote address and also attended an exclusive dinner for USCBC delegates. Meeting attendees also included leadership from the Hunan Commerce Department, Changsha Customs, Commodity Inspection Bureau, Foreign Affairs Office, Hunan Development and Reform Commission, Department of Finance, Hunan SASAC, Financial Office, Department of Culture, Tourism Bureau and various Hunan local city officials, Hunan province development zones, and local branches of CCPIT. Chinese companies were also be in attendance, including 30 provincial level state-owned enterprises and 50 local CCPIT member companies.
Hunan was ranked the 10th largest provincial economy in China in 2012, with total GDP reaching US $355.28 billion and a population of 66 million. The province has prioritized the development of modern equipment manufacturing, new energy, and new materials sectors in recent years, and has established development zones and pilot projects in IT and agriculture industries.