Page 12 - SCBJ-201509
P. 12
South China Business Journal
COVER STORY
Members of the delegation listen to presentations by
U.S. companies at the Free Trade Alliance San Antonio
international Facilities
José E. Martinez, President and CEO of Free Trade
Alliance San Antonio
Wang also has started talks with two San Antonio food and The Free Trade Alliance and the American Chamber of Commerce
food distribution companies, RYC Foods LLC and Daymon in South China signed a memorandum of cooperation Friday,
Worldwide Inc. signaling that the alliance can coordinate talks between U.S. and
Chinese companies for future sales of U.S.-made goods.
Wang said the Chinese devaluation of its currency this week
poses no problem for companies seeking to buy U.S. and “This is just the beginning,” alliance CEO and President José
other foreign goods, although it makes foreign products more Martinez said Friday. “We have to pay attention to what China
expensive to buy for Chinese companies. is doing. There is business to be made. We have to make sure we
don’t miss out.”
“As long was we can buy American products of good quality and
good quantities, we’ll have a bright future,” Wang said. The main message to San Antonio, Texas and U.S. companies is
that China is on a buying spree. Numerous Chinese companies
“It’s a small change,” Seyedin said of the currency devaluation. will ship U.S. products to China and do the marketing themselves
“It’s still within the right range. There’s always an overreaction for online sales under a new law there. It’s worth looking into.
in the beginning (of a wider range of currency exchange). It will
balance itself. They (the Chinese executives visiting San Antonio) dhendricks@express-news.net
are not worried.”
10
COVER STORY
Members of the delegation listen to presentations by
U.S. companies at the Free Trade Alliance San Antonio
international Facilities
José E. Martinez, President and CEO of Free Trade
Alliance San Antonio
Wang also has started talks with two San Antonio food and The Free Trade Alliance and the American Chamber of Commerce
food distribution companies, RYC Foods LLC and Daymon in South China signed a memorandum of cooperation Friday,
Worldwide Inc. signaling that the alliance can coordinate talks between U.S. and
Chinese companies for future sales of U.S.-made goods.
Wang said the Chinese devaluation of its currency this week
poses no problem for companies seeking to buy U.S. and “This is just the beginning,” alliance CEO and President José
other foreign goods, although it makes foreign products more Martinez said Friday. “We have to pay attention to what China
expensive to buy for Chinese companies. is doing. There is business to be made. We have to make sure we
don’t miss out.”
“As long was we can buy American products of good quality and
good quantities, we’ll have a bright future,” Wang said. The main message to San Antonio, Texas and U.S. companies is
that China is on a buying spree. Numerous Chinese companies
“It’s a small change,” Seyedin said of the currency devaluation. will ship U.S. products to China and do the marketing themselves
“It’s still within the right range. There’s always an overreaction for online sales under a new law there. It’s worth looking into.
in the beginning (of a wider range of currency exchange). It will
balance itself. They (the Chinese executives visiting San Antonio) dhendricks@express-news.net
are not worried.”
10
