Brown touts Chinese investment as visit begins
SACRAMENTO, Calif. (AP) — Gov. Jerry Brown has announced a $1.5 billion Chinese investment in an Oakland construction project during the beginning of his weeklong trade mission to China.
He also signed symbolic agreements on boosting trade between California and China and helping the world’s most populous nation improve its air quality.
Wednesday was the first day of the governor’s trade mission. A highlight was his announcement that China-based Zarsion Holdings Group will invest $1.5 billion in the 65-acre housing and retail project on the Oakland waterfront.
The Democratic governor says the development would create up to 10,000 jobs.
On Thursday, Brown will highlight California’s interest in infrastructure projects by traveling from Beijing to Shanghai on China’s high-speed rail system, which is the longest in the world.