tv [untitled] August 4, 2012 8:00am-8:30am PDT
decisions today and what that means for the future. i think that is a very important step for the city, having a solid footing going forward. i am happy to see where the reserve levels are going to go. always when we have this conversation and we say what you want in the budget, he never asks for a single thing except to increase the general fund reserve. i have to say to supervise ouor elsbernd, it will grow to over 40 million next year. we used a budget only $25 million. on top of that, we have a stabilization reserves. a state reserve, and for the first time, we put in rate stabilization reserve to anticipate your water and sewer rate increases that all of us
will have to face. the city is looking forward at key investment areas, and we are making sure we are being responsible for the future. i want to thank the partners that have been involved. our own staff, the clerk, the budget analyst, k. howard and their amazing staff, had a special shot out to my aid. if you can join me in a round of applause for them. they are truly amazing people and if you don't know them, you want to. how to say thank you, and for the mayor, i know you're going to give hence to us, but we should get to this year for the two-year budget. >> the cost of the second pen is in reserve.
>> good morning. i am darlene bryant, your mc for this morning. the first economic and trade seminar here in our beautiful city. city hall in san francisco. housekeeping items. you'll notice on your chair there is a little box. we're having simultaneous interpreting. you will find these. insert into the box, turn it on, put it on your head and did not to get out of this room.
if you leave, leave it on the chair, we will pick it up afterward. if you have a problem, there is a little room and they can take care of it for you. problems with their headsets, there is a little room, someone will take care of it for you. restrooms to my left. and please, turn your cell phones off. ok? thank you. i want to say this event would not be possible to do without the general sponsorship of the mayor's office. thank you, mayor ed lee. also the ministry of the commerce of china, supported by the governor's office. thank you so much. the lieutenant governor is here of course. i would like to mention that we do have some honorable mentions in here. first of all, my boss, hon. ed lee. mayor of san francisco.
i would like to add our first chinese mayor in san francisco. the vice minister of the ministry of commerce from beijing. [applause] welcome. next to my former boss, the hon. gavin newsom, lieutenant governor of california. the hon. counsel general of the people's republic of china. [applause] the minister of the embassy of the people's republic of china and the united states, based in washington, d.c.. and charlotte schultz, mr. mike rossi, senior adviser on jobs for governor brown. also officials from the
delegation. the director-general of the department of foreign investment and administration. mr. wong shi. and mr. -- the commercial counselor of the department of corporation. and the director-general of the investment promotion agency of the ministry of commerce in china. we have more. the chairman of the tschida chamber of commerce -- china chamber of commerce. and from the china contractors association. and the president of the foreign trade and economic relations commission.
and the deputy director general, department of commerce of the inner mongolia, autonomous region. the director of economic and trade office of [unintelligible] province. i would like to mention that locally, we have a city council member from fremont, ms. sue chan and supervisor malia cohen is in the house. thank you for coming. i remember not long ago when vice-president -- the vice- president visited the united states and i traveled to los angeles with our mayor at the time and what an event. and now a few months later, san francisco is probably hosting the seminar with the ministry of commerce. it shows that our golden mountain continues to attract chinese. has never stopped since the 1800's and because san francisco continues to be the city of innovation and full of peril spirit, we will continue to
seek an inflow of inbound chinese businessmen and investors. may i invite our mayor, edwin lee, to the podium? [applause] >> thank you. good morning. i want to of course repeat our warm welcome, ladies and gentleman, to the vice minister and his delegation here. to the council general and his wonderful work and to our lieutenant governor, gavin newsom is here. our senior adviser, mr. rossi and those of you from fremont and san jose and around the bay area, thank you for being here on this first china-united states state and regional economic and trade discussion. as you know, san francisco has been home to the biggest and the
oldest chinatown in the united states. and so, there could not be a more appreciative place to hold this conference. i will say as i said earlier to the vice minister that it is interesting to note to and i am a student of our chinese history. in the 1800's as darlene has mentioned, many of the ancestors came over from china and whether it was for economic opportunity or search of gold, it is interesting to know that today we're of course seeing our contemporaries coming to invest and look for partnerships opportunities in the united states and in san francisco. it is a very nice twist. i am proud to say that san francisco is the innovation capital of the world. and we have been dubbed the center for clean technology in the united states. our goal of reaching the zero
waste in 20/20 -- 2020 is a real goal. . companies are popping up in our city. we recently signed a memorandum of understanding in beijing with the national energy conservation center where our leader of our economic development represented our city. in agreeing to sustain and share the best practices as it relates to energy efficiency and sustainability and of course, which my good friend and our u.s. ambassador, gary locke, had washed over. not to mention that we're the home to the california institute of regenerative madison -- medicine.
mission bay is a destination for those who want to make history in by a life sciences and biotech discoveries. -- vio lifbio life scientists ad biotech discoveries. u2 -- for making that a cause for future generations and we will discover in that corridor those live science drugs that will help us end these dreadful diseases for generations to come. thank you, lieutenant governor. [applause] i wanted to welcome the delegates who come here under the leadership of the vice minister and of course in his capacity as not only the vice ministry of commerce, but also the china investment and promotion agencies and to the many companies are here in attendance, you represent that
cross-section of companies from diverse backgrounds and discipline throughout the bay area. i want to welcome you here to this great seminar to wish you a great conversation and an intelligent one, and one that hopefully will discuss the many more ways that we can not only do business, but to work together to solve the world's problems. this is what happens here in san francisco. we cannot just talk about the problems. we will try to discover ways to solve them. this is, i think, the essence of why this ministry is here today. i want to also congratulate and thank the state of california for its investment in the bay area and in our city and to know that we want to and we wish to help lead this conversation and these discoveries with our friends in china. thank you and welcome back to
the old gold mountain. thank you. [applause] >> thank you, mr. mayor. i would like to welcome our consul general of the people's republic of china. [applause] good morning, everyone. for the sake of my fellow countrymen from china i will speak in chinese. he will have to -- you will have the translation. [speaking foreign language]
newsom up to the podium. >> thank you, darlene and vice minister. an honor to see you again. we had the opportunity yesterday in sacramento to visit. thank you for your stewardship and strong support of our efforts here not only in san francisco, but across the state. and to mayor lee, thank you for example, your leadership, your stewardship, and her strong support and wisdom of identifying a great leader of china sf and darlene chu, carrying the torch for the board of directors. there are a number of you assembled here and you have done an extraordinary job to demonstrate our commitment not just rhetorically but substantively in terms of engaging in defiance -- advancing our collective efforts to focus on trade and exports. to the entire team that have been at the helm for decades now, here in san francisco
supporting our efforts to reach out to china on behalf of them, dianne feinstein who established our sister city our protocol chief, i am honored to be here. a 12 take a brief moment to say a few things on behalf of the state of california. like san francisco, california has always been a state of dreamers, and doors, and entrepreneurs. a state head -- that has prided itself of being on the leading and cutting edge of new ideas. we're one of the most diversity's, san francisco is the largest per-capita chinese population of many in the united states in the most diverse state in the world's most averse democracy. the delegation will appreciate this as you walk the streets of san francisco at our best as it is across the state.
people are living and a dancing together across every conceivable and imaginable difference. i have believed the world looks to us to say it is -- if it is possible to live together across every conceivable difference. we're proud of our home and place in history and proud of our example. but we also are humble in the context of the world we're living in. a world that is another connected but hyper-connected with a merger of i.t. and globalization. we recognize our faith -- fate is connected to the fate of others. that is the spirit that binds us together. the spirit that brings us here today. i want to close by reminding you that california is the birthplace as mayor lee was saying of life science, biotech, the home of the california stem cell institute, a state with more engineers, more scientists,
more global -- nobel laureate's than any other state or we still lay claim to five of the top universities based on the shanghai index in the world. caltech, stanford university, and three of our public universities, not least of which the university is a stone's throw away. uc-berkeley campus. we're proud of the state but we also recognize we have challenges and we need to lean into the world we're living in. this today is an example of leading in and i am grateful to all of you for your participation. and vice minister, we are honored to have you out here in our state in this wonderful city and we look forward to many visits over many years. thank you very much. [applause] >> thank you, lieutenant governor. of course, the best for last. the hon. vice minister of
commerce to the podium, please. [applause] >> lt. governor newsom, mayor lee, counsel general, ladies and gentlemen, good morning. it is a great pleasure for me to be here to attend this seminar, " organized -- let me give a special thanks to the previous speakers who gave very warm and remarkable remarks. i would like to give special thanks to the state government of california and the municipal government of san francisco. i think without your help, this forum for the seminar will not
be realized. i also believe that through the seminar, with both sides, which will enhance our cooperation between our two sides. for many years, national corp. always is a dynamic factor -- cooperation is always a dynamic factor. and the economic and trade relations is also under way because of this dynamic factor. we believe that through all the -- this is becoming more important. china and the chinese government attaches great importance to national corp. and to state corporation and city corp. --
cooperation between the two countries. this time, i am leading a delegation consisting of 100 people. my main purpose or one of my main purposes is to promote the financial, economic and trade relations at the national level. we hope our visit or my visit this time will promote the cooperation between the industry -- ministry of commerce, the state and government of california, and the municipal government of san francisco. this time, the delegation at lead -- i lead, the people are from different places in china. they come from the ministry of commerce, from the local government, from different provinces, they come from the chamber of commerce, and the
different companies in china. we hope that through this visit, we can strengthen our corp., thus facilitating cooperation, the exchanges between the governments and the companies between the two sides. as the largest economy in the u.s., california boasts the resources and a strong advantage in high tech, bio-science, agriculture, fisheries, and the forestry, and even tourism. and in terms of cooperation with china, california enjoys exceptional economic, cultural, and geographical locations and advantages. it is always is the gateway of the united states to china.
as the economic and trade cooperation between china and the united states and california deepens, now we believe that trade and investment keeps growing. china is the third largest export destination for california. many multinationals like hp, intel, cisco, and chevron are doing well in china. they're making money in china. at the same time, as the close relationship is going on, many chinese companies are working in san francisco in california. i would like to name a few. the tsl, ciuts, just to name a few. these are successful chinese
companies working here. as the american companies in china, the chinese companies working in california in san francisco are also making contributions to job creation and the development of the economy in local areas. we're thinking these are very good signs. as the previous speakers mentioned, we paid a visit to the united states last february. governor brown proposed that we set up a working group for the u.s., a state, and china provinces to cooperate. we call this a working group, a joint working group of provinces and the states. at that time, the vire