No. 1 for Exports, China Keeps Louisiana Ranked on Top for FDI
Chinese commerce is already a transformative force in Louisiana’s economy, with extensive trade and recent cross-border investment linking the two more strongly than ever before.
NOTABLE CHINESE INVESTMENT IN LOUISIANA
- Shandong Yuhuang Chemical – methanol manufacturer, $1.85 billion investment
- Sea Mark Management Inc. & Yuan Hua Technical & Supply Corporation – China Ocean Shipping Companies Group (COSCO) companies providing logistics, ship agency and technical support
TRADE BETWEEN CHINA AND LOUISIANA
EXPORTS TO CHINA
|
| Agricultural Products |
$5.7 million |
| Oil & Gas |
$1.02 billion |
| Chemicals |
$814.6 million |
| Other |
$398.6 million |
Total
|
$7.9 billion
|
IMPORTS FROM CHINA
|
| Chemicals |
$407.5 million |
| Metal Products |
$130 million |
| Apparel Manufacturing Products |
$104.7 million |
| Other |
$682.6 million |
Total
|
$1.3 billion
|
LOUISIANA REPRESENTATION IN CHINA
In March 2017, LED Secretary Don Pierson led a Louisiana delegation to Asia focused on both business retention and business development. The economic development mission included a visit to China to meet with existing investor company officials and potential new prospects.
Louisiana has a local representative, Tingmei Deng, based in Shanghai, China. If you would like to reach her, email [email protected] or call +8 (0)21 5497 5808.
CULTURAL TIES AND RESOURCES
Partnered with Hebei University in China, the Xavier University of Louisiana Confucius Institute is the first Confucius Institute among the nation's HBCUs and in the State of Louisiana. The CI teaches students and community members about Chinese language and culture and supports a robust program of Chinese-centered events. Learn more here.
The 100,000 Strong Foundation, founded with the support of the Chinese and United States governments, recently helped launch the Advance Louisiana program. This program, the first of its kind in the U.S., aims to strengthen China-U.S. ties by promoting the study of Chinese language and culture. Learn more here.
The Academy of Chinese Studies in New Orleans is a Chinese-language resource for the New Orleans region. Learn more here.
Louisiana State University’s “Emerging Markets Initiative,” led by Professor Ye-Sho Chen, fosters connections with China for students from all over the state. Learn more here.