Gov. Brown Highlights Chinese Investments in Oakland

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California Gov. Jerry Brown announced Sunday that California stood to gain from improved political and economic ties between China and the United States, reports the Sing Tao Daily. Speaking at a public event in Oakland, Brown highlighted the promise this held for the city.

In Oakland, Chinese investments promise to top $1 billion, said Brown, alluding to a well-reported waterfront housing project agreed to during the governor's trip to China in April. The project is to be spearheaded by the Chinese-owned Zarsion Holdings Group.

Brown met with visiting Chinese President Xi Jinping on Saturday in Southern California. The meeting, which lasted some 40 minutes, followed Xi's summit with President Barack Obama, during which the two discussed a range of topics including cyber security, North Korea and bilateral trade ties.

"China has huge sums of capital they’re looking to deploy around the world … California would be one of the spots of focus," Brown, quoting Obama, told reporters after his meeting with Xi.

Brown also raised the issue of climate change with Xi during their talks, highlighting measures that California has taken under his administration. An agreement on reducing the amount of hydrofluorocarbons, seen as a key contributor to global warming, was one of the highlights of Xi's meeting with Obama.

Despite being separated by an ocean, longstanding historical ties between China and California serve as a foundation for future cooperation, Brown told his audience in Oakland.