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Associate Administrator of US SBA Met with Chinese Entrepreneurs Delegation

On December 15, 2006, Mr. Manuel A. Rosales, Associate Administrator of US Small Business Administration, met with the 17-people Chinese Business Delegation led by George Wang, President of USCEA and Mr. Liu Suilong, the Chinese Leading Entrepreneurs of UCECO and Chairman of Guangzhou Shoes Trade Association and Ms. Gong Miaojuan, General Manager of Shangyu IDA Hosiery Co., Ltd.

The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. We recognize that small business is critical to our economic recovery and strength, to building America's future, and to helping the United States compete in today's global marketplace. Although SBA has grown and evolved in the years since it was established in 1953, the bottom line mission remains the same. The SBA helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, SBA delivers its services to people throughout the United States, Puerto Rico, the U. S. Virgin Islands and Guam.

Mr. Rosales briefed the visitors the conditions of US small & medium enterprises and how the US governments support the enterprises to develop. According to him, as one of the most developed countries in the world, USA has 25 million small & medium companies, covering 98% of the nation's total enterprises. They made great contributions to the US economy. For example, they provide 54% employment opportunities among the private sectors, cover 47% of the nation's domestic sales volume and 50% of US's GDP. Meanwhile, as a strong power of technology innovation, US small & medium enterprises have higher efficiency in developing new technology and producing new products. And they can shorten the cycle of scientific investment to yield results by 1/4 comparing with large companies.

Mr. Rosales noted that it is one of the important jobs for SBA to help US small & medium enterprises conduct international economic and trade cooperation nowadays. As the two major engines for global economy, USA and China need more cooperation in economy. Attracted by China's market potential and economic vitality, more and more US entrepreneurs with far sights from small & medium enterprises are eager to conduct economic and trade cooperation with their Chinese counterparts. Therefore, SBA and other agencies especially launched the program of "Sino-American International Cooperative Partners" so as to help US small & medium enterprises to find their Chinese partners. It is worth mentioning that USCEA has made remarkable achievements in this field. Mr. Manuel A. Rosales also hoped that USCEA can make greater contributions to the economic and trade cooperation between Sino-American small & medium enterprises through its flag platform: US-China Business Matchmaking Conferences and US-China Entrepreneurs Summit. Finally, he expressed his hopes to lead US small & medium enterprises delegation to attend 2007 US-China Business Matchmaking (China) Conference.

The Washington Business trip was arranged by USCEA after the Chinese Business Delegation attended the 2006 US-China Entrepreneurs Summit. Mr. Cao Fang, Chief Representative of USCEA China Office also accompanied the delegation for the visit.