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McDonnell says face-to-face meetings with executives from major Chinese businesses are laying the groundwork for growing investment and trade between the two sides. The governor also says as a result of the trade talks, agreements are pending involving agricultural exports to China and a planned deal with a Beijing-based steel company.
A major shipping company has agreed to expand the number of stops in Virginia, which is expected to grow Hampton Roads' port traffic.
McDonnell says in addition to the business deals, state officials also expect to announce a memorandum of understanding today between the Virginia Museum of Fine Arts in Richmond and Beijing's Palace Museum, for a four-year collaborative agreement to share Chinese art with VMFA.