California Opens Shanghai Trade Office As Exports Slump

California Governor Jerry Brown is scheduled to reopen a trade office in China, the state’s third- largest market, after exports to the world’s most populous nation slipped in 2012.
Businesses are footing the $1 million annual cost of the Shanghai outpost, along with support staff in California, said Jim Wunderman, president of the Bay Area Council, a San Francisco-based advocacy group sponsoring the mission.
California exported $14 billion in products to China in 2012, down 1.5 percent from 2011, though still the most of any state, according to U.S. Census Bureau figures. The Golden State closed its trade offices in Shanghai and Beijing in 2003 because of budget cuts.

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