California Opens Shanghai Trade Office as Exports Slump
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California Governor Jerry Brown is scheduled to reopen a trade office in China, the state’s third-largest market, after exports to the world’s most populous nation slipped in 2012.
Businesses are footing the $1 million annual cost of the Shanghai outpost, along with support staff in California, said Jim Wunderman, president of the Bay Area Council, a San Francisco-based advocacy group sponsoring the mission.