Bellevue Mayor Conrad Lee sits between Andy Mok, CEO, Red Pagoda Resources, left, and Xiao Zhenxiang, director of Beijing Chaoyang Overseas Talents Center, as he signs as a witness to one of several agreements between China and the U.S. involving construction, technology and innovation partnerships. (Photo courtesy of City of Bellevue)
A top construction firm in China intends to open an office in Bellevue as a result of an agreement signed Nov. 13 in Beijing by Mayor Conrad Lee and the company’s chairman.
According to a press release from the City of Bellevue, the deal was one of two agreements finalized in Beijing, where a large Washington state trade mission, which includes Lee and representatives of Gov. Jay Inslee’s office, are working on business and investment opportunities with China.
Under a memorandum of understanding between Bellevue and Beijing Construction and Engineering Group International, signed by Mayor Lee, BCEG will explore options for opening an office in Bellevue.
The construction company, one of the biggest in China, has more than 400 managers in dozens of offices worldwide.
Also, Bellevue and the Chaoyang District of Beijing signed a memorandum of understanding to facilitate cross-border investments in the technology, media and telecommunications sectors.
The parties will promote technology innovation in both cities. Chaoyang could open a small office in Bellevue.
The state’s trade mission to Asia, with more than 100 delegates, began Monday in Japan and will conclude next week in Shenzhen, China. (end)