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Indiana Trade Mission to China
Posted in Government

Bingham Greenebaum Doll Managing Partner Toby McClamroch is visiting China as part of the trade delegation led by the Indiana Economic Development Corporation. He will share his insights throughout the mission on the Bingham Greenebaum Doll blog.

Saturday

Our delegation to China landed Saturday afternoon at 3 p.m. It was about 95 degrees and very humid. The airport is designed like the Indianapolis airport, only 8 to 9 times bigger. We were shuttled to the Traders hotel, which is a nice hotel frequented by foreign visitors. I expected Beijing to be a city like Manhattan, with tall buildings next to each other within a distinct downtown district. In reality this is an immense, sprawling city with large office and residential buildings spread over an area the size of central Indiana. There are 6 "ring roads" that circle the city. To give some perspective, imagine having 6 highways the size of Interstate 465 circling central Indiana. We met with an investment group from the Province of Inner Mongolia. The group was led by Ao Yuqi from the city of Wulanchabu, which was described as an area with significant capital seeking investment opportunities. Mr. Ao is the chair of Aoda Group. He was described to us ahead of time as interested in investing in Indiana because of our stable economy and business-friendly climate. Mr. Ao made it clear that we should not discuss business until we established a relationship and became friends. We spent the evening getting to know each other over dinner. After dinner, Mr. Ao invited us to discuss investing in Indiana. We discussed the orthopedic industry and the opportunities available in Indiana. We ended the evening by arranging another meeting for dinner Sunday night. The dinner party the following evening included Guo Xiaoqi, a partner in the Beijing Kangda Law Firm, which is the third largest law firm in China. She said they have only 40 equity partners but more than 300 lawyers. We shared insights into practicing law in our respective countries. It is clear from our meetings that Chinese companies want to invest in the U.S., and specifically in Indiana, as their currency rises in value. It is also clear that they want to have more than just a casual relationship before a long term engagement.

  • Partner

    A senior corporate and government lawyer, Toby McClamroch serves as managing partner of the firm. The former Vice President and Majority Leader of the Indianapolis City-County Council, Toby brings considerable expertise to the ...

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