(January 12, 2016 Detroit, Michigan)
Honorable Governor Snyder,
Chairman Wang Xia,
Ladies and Gentlemen,
Good afternoon. It's my great pleasure to be back in Detroit to attend the 4th Annual US-China Automotive Forum. This wonderful annual event, co-hosted by Michigan Economic Development Corporation and the Automotive Committee of China Council for the Promotion of International Trade, will play an increasingly important role in China-US auto cooperation.
I'm honored that Governor Snyder is with us today. He has been working so hard in pushing forward Michigan-China economic partnership and the auto cooperation in particular. He is the only US governor leading trade mission to China every year. His vision and enthusiasm will for sure bring more tangible benefits to the business communities of both sides. So, I want to say thank you again, Governor, for your great efforts. I am sure we are all deeply encouraged by your kind presence.
In spite of the complicated economic situation in China and the world as a whole, the auto cooperation between China and Michigan continues to maintain good momentum. Michigan-based American auto companies are doing very well in China. I am delighted that President of Ford North America Mr. Joseph Hinrichs is here. I wish to congratulate him on their excellent performance in the Chinese market last year. I also want to mention that Last year, General Motor sold 3.61 million cars in China, representing 5.2% increase from the previous year, which was indeed a marvelous achievement. And of course,Chinese auto companies have always chosen Michigan as their most important investment destination in America, with new projects announced every year.
I believe that the year 2016 will be an even more active and fruitful year for China-Michigan economic cooperation. The Chinese government has the full confidence in overcoming all the difficulties and achieving its established goal of China's social and economic development, which will certainly continue to provide important opportunities for business cooperation between China and other countries.
In closing, I congratulate you on the success of the Forum and wish you a very healthy and prosperous Year of the Monkey.