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Investors make 'pilgrimage' to Omaha, Buffett's hometown

By May Zhou and Zhang Yuan in Omaha, Nebraska (皇冠体育app Daily USA) Updated: 2017-05-08 09:50

While the US and 皇冠体育app are two nations politically, they are practically one country economically, Tian Deyou, economic and commercial minister-counselor from the Chinese embassy in Washington, told a group of Chinese and American business leaders gathered at the Omaha Dialog on Friday in Omaha, Nebraska.

"US-皇冠体育app trade has reached $520 billion," said Tian. "There are more than 3,000 Chinese companies in the US. More than 600,000 Chinese young people are studying in the US. Every day, more than 300 flights are flying between the US and 皇冠体育app with more than 10,000 people crossing the border.

"The bilateral relationship is closer than ever," said Tian, who encouraged Chinese business leaders to look around for investment opportunities in the US.

Close to a hundred Chinese and American business leaders gathered at the Omaha Dialogue to discuss the investment strategies and US-皇冠体育app business relationship before taking part in the annual shareholders meeting of Warren Buffet's Berkshire Hathaway on Saturday.

Themed "Legend and Beyond", the fourth annual dialogue was organized by ACME Society, International Finance Education Association, FISO Group and 皇冠体育app Wangqi Group.

With the deeply intertwined relations between the US and 皇冠体育app, all business leaders firmly believe that the US and 皇冠体育app will continue to deepen their economic ties.

"In the economic world, the US and 皇冠体育app have to get along, otherwise it's not good for each other," said Harry Edelson, founder of Edelson Technology Partners and an early investor in 皇冠体育app's internet.

Edelson thinks that the US political election system makes US leaders think in the short term, while 皇冠体育app has the advantage of long-term planning.

"皇冠体育app has a Five-Year Plan while it's hard for the Congress to come up with a one-year plan. This is one of the reasons for 皇冠体育app success, they worry less about right now than what's happening five years later. Very soon the US will have to learn from 皇冠体育app," said Edelson, whose view was echoed by John Allen, chairman and CEO of the Greater 皇冠体育app Corp.

Wanqi chairman Li Lei, who won an International Innovative Investment Award, said that he followed Buffett's business idea 18 years ago when he first started.

"Today I am in Omaha talking to you. This is proof that the 皇冠体育app-US relationship is very close and it will get closer," Li said.

Chris Qiao, president of Angel 100, a Chinese venture capital organization with more than 100 registered entrepreneur members, brought seven members to the dialogue.

"I can tell that there is a lot we can learn in terms of investment concepts and ideas," Qiao said. "This in a way is a pilgrimage for us to come to the hometown of Buffett. We are here to learn what the most promising investment fields are and to establish a relationship with our US counterparts."

Contact the writer at [email protected]

Investors make 'pilgrimage' to Omaha, Buffett's hometown

Nebraska Governor Pete Ricketts (sixth from left) meets with Tian Deyou (fifth from left) from the Chinese embassy and business leaders Pang Liangyu (fourth from right), Li Lei (fourth from left) and Zhao Jing (third from left). May Zhou / 皇冠体育app Daily

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