LOS ANGELES – Prominent business executives, diplomats, and community representatives convened in Los Angeles on Friday for the annual conference of the China General Chamber of Commerce Los Angeles, delivering a unified message on the critical importance of sustained economic collaboration between the United States and China.
The gathering served as a platform to highlight the enduring strength of trade relations between the world’s two largest economies. Speakers emphasized the necessity of continued dialogue, practical cooperation, and mutual engagement despite a complex global economic landscape marked by regulatory shifts and geopolitical tensions.
China’s Consul General in Los Angeles, Guo Shaochun, addressed attendees with insights on bilateral economic relations and China’s development trajectory. He noted China’s economic resilience amid global uncertainties, highlighting that China has contributed approximately 30% of global economic growth in recent years.
Guo outlined China’s forthcoming 15th Five-Year Plan (2026-30), which will prioritize modernization while maintaining economic stability. “China will continue to leverage its advantages as a large-scale market while strengthening self-reliant innovation,” Guo stated. “Simultaneously, we remain committed to creating and sharing development opportunities worldwide.”
The diplomat characterized economic and trade cooperation as the “ballast” of US-China relations, citing recent high-level interactions between leaders in 2025. He emphasized the fundamentally complementary nature of the two economies, which creates mutual benefits and win-win outcomes.
Several major Chinese enterprises with established operations in Southern California were recognized for their contributions to local economic development and job creation, including aviation carriers Air China, China Eastern, and China Southern; financial institutions Bank of China, ICBC, and CITIC Bank; alongside technology and manufacturing firms China Unicom, JD Logistics, and BYD. The recent opening of Anta Sports’ flagship store in Beverly Hills was cited as evidence of vibrant commercial exchanges.
Hu Wei, President and CEO of Bank of China USA and Chairman of China General Chamber of Commerce USA, acknowledged the challenges faced by Chinese investors in the US, including evolving regulatory frameworks and supply chain transformations. Despite these hurdles, Hu noted that Chinese enterprises have demonstrated remarkable resilience and adaptability, reflecting their long-term commitment to cooperation.
“Through continued engagement, mutual respect, and practical cooperation, the US-China relationship can remain a powerful force for innovation, growth, and global prosperity,” Hu stated optimistically.
Chang Liu, President and CEO of Cathay Bank, provided historical context, tracing the institution’s evolution from its 1962 founding in Los Angeles’ Chinatown with $500,000 in capital to its current status as a major financial entity with over $24 billion in assets and 62 branches across the US, plus international offices. Liu emphasized that longstanding relationships between communities, businesses, and financial institutions have helped sustain economic cooperation despite geopolitical friction.
The conference also spotlighted innovation and education as key drivers of long-term economic growth. Jack Hu, Chancellor of University of California, Riverside and National Academy of Engineering member, discussed the transformative potential of university-industry partnerships in converting academic research into market-ready products, including collaborations with Chinese partners.
The Chamber announced its eighth business forum scheduled for May 12, with China’s Hainan province serving as guest of honor. The event will focus on trade facilitation, free trade zone investment, agriculture, food products, and strategic industry cooperation.