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California Hosts U.S.-China Summit

There's significance behind the choice of California as the venue for the U.S.-China summit between presidents Barack Obama and Xi Jinping. The state is home to more than a third of the China-born population in the U.S., and Chinese-backed investment groups have been pouring billions of dollars into real estate property and private companies based in California. At the same time, exports of California goods to China are surging, and state leaders are bullish about capitalizing on new markets there.