China International Group Signed Strategic Cooperation Agreement With New York Witt Group

On May 9th, Li Xuecheng, chairman of China International Group, Limited by Share Ltd (former left), signed a strategic cooperation agreement with Li Xuehai, chairman of the wit group in New York.

New York, May, 9, Limited by Share Ltd, China's interstate group Limited by Share Ltd signed a strategic cooperation agreement with wat group in New York on the 9 day. This is the first time that the China Group has entered the US market.

According to Li Xuecheng, chairman of Jihua Group, the strategic cooperation between the two sides will cover four major aspects. Spin , clothing , Shoes and boots And other production and trade cooperation, two is international financial factoring, three is China's domestic "Huayuan" project, four is the United States real estate projects.

It is reported that the Witt group has carried out preliminary research and planning work for the "Huayuan" project in Shaanxi. The two sides have jointly developed the project and made initial intentions in terms of cooperation content, format positioning and later investment promotion.

Li Xuecheng told China News Service reporters that the China group is very interested in the real estate development project of New Jersey Bay in neighboring New York. "We are doing similar commercial real estate projects in China. If we do well in the US and in New York, it will be a great opportunity for us and extend New York's experience to China."

In the past two years, China's capital investment in the US real estate market has become a common practice. Li Xuecheng also said "we are late." "The real estate market in the United States is relatively stable, while China is fluctuating. We do not necessarily pursue super high returns, but we hope to have sustained and stable projects."

According to Wang Yong, chairman of Beijing Fengcheng Cci Capital Ltd, who has contributed to the strategic cooperation, the New Jersey real estate development project was originally spanformed into an old navy pier. The future plan is to integrate hotels, businesses, exhibitions and residences into one. Because the cooperation between the two sides in this project is still in the demonstration stage, they refused to disclose the specific investment amount.

Jihua Group has a huge production base for military supplies, with an annual output of 70 million sets of business clothing, 150 million pairs of footwear and 160 million meters of textile fabrics. Li Xuecheng expressed his wish to "open up an excellent channel for international market." It is said that the company's investment cooperation in Italy is very good, and it hopes to have a breakthrough in the US, providing support for domestic production through investment R & D, design and process path design, and forming three links in Europe, the United States and China.