Pittsburgh delegation meets with Chinese investors
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SHANGHAI, China - Mayor Luke Ravenstahl and the Pittsburgh delegation, on their last full day in China, met in the morning and late afternoon with potential investors.
The group was joined by Brad Penrod, CEO of the Pittsburgh International Airport, who was scheduled to make a pitch to China Air Cargo, the cargo arm of China Airlines. "Our message is very clear: Pittsburgh is a great place to do business," said Mr. Penrod.
A spokesman for the group declined to identify the investor with which the group was scheduled to meet in the afternoon.
The mayor also hosted some two dozen municipal and business leaders from Pittsburgh's sister city of Wuhan, who flew two hours for a one and a half hour dim sum lunch with the mayor.
"The next time we're in China we'll definitely make the trip," said Mr. Ravenstahl, who apologized for having a schedule that did not allow him to visit them.
As the luncheon came to a close, one executive, who asked that the name of his company not be publicized since they are in the process of preparing for a stock offering, rose to announce, through a translator: "I hope to be able to build a plant in Pittsburgh using your raw material, your labor, your management and of course I will provide the technology and financing."
First Published October 12, 2010 8:29 am