../Morning Post
Posted April 20, 2011

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Business Development

Business Development in China

Mayor Supports Outgoing Mission as Part of Economic Development Targets

Cambridge - Cambridge Mayor Doug Craig and members of the local community will accompany John Jung of Canada’s Technology Triangle on a business development mission to China.

“It’s extremely important to have a high ranking dignitary as part of the overseas business development process,” says John Jung, CEO of Canada’s Technology Triangle Inc. “This is an important step to open doors for Cambridge while supporting business development in the Waterloo Region.”

Mayor Craig will join in on part of the 10-day mission to main land China that includes visits to Beijing, Chengdu and Chongqing. Steven Xing, Vice President of Operations for Cambridge-based LightWay Canada will also take part in the mission. Other local participation includes support for doing business in Canada from John Hiscock, a Partner at Gowlings and support from our post-secondary institutions with representatives from Wilfrid Laurier University.

Mayor Speaks at APEC Conference in Langfang

While in China, Mayor Craig will share information on Cambridge’s recent acknowledgement from IBM as Canada’s first ‘Smarter City’. He is slated to deliver remarks at the APEC meeting on Smart City and Intelligent Industry, an important platform for economic cooperation in the Asia-Pacific region. The event is hosted by China APEC Development Council (CADC), organized by Langfang Municipal Government and co-organized by Bestsun Energy Group. It is slated for May 18th and 19th, as part of the China Langfang International Economic Trade Fair which is sponsored by the Ministry of Commerce of China and Hebei Provincial People’s Government.

“I am pleased to be accompanying the delegation this year to support the mission, share the story of Cambridge’s technology successes and build opportunities for foreign direct investment in the Waterloo Region,” says Mayor Craig.

Waterloo Region has been on the radar for businesses in Asia looking to expand into North America. There has also been steady growth in the number of people who have immigrated here; the number of local people speaking Asian languages has more than doubled since 2000. The latest Statistics Canada data reveals there are over 17,000 permanent residents of the region who are of Asia-pacific origin.

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