Economic importance of Gov. Snyder's trip to China
Governor Snyder leaves for China today on his fourth trade mission to Asia. Tom Watkins has spent many years, in many different roles, campaigning for stronger ties between China and Michigan.
Watkins says Governor Snyder has two goals for this trip: promote Michigan goods and services, and attract foreign direct investment (FDI). China has plans to invest $1 trillion around the world, so it is important for Governor Snyder to attract FDI in order to create new jobs and opportunities within the state, says Watkins.
Watkins says there is a chance to develop a good relationship with China, as Chinese car companies have set up several R&D plants in southeast Michigan.. There are also a number of international students from China at state universities here. But Watkins warns it's not quick or easy work. "Doing business in China is not an economic one night stand," said Watkins. "You can’t just do one trip there.” Listen to our conversation with Watkins below: