|| Print ||
|Articles - April 2011|
|Tuesday, March 22, 2011|
Page 6 of 8With a flood of Chinese capital poised to wash over Oregon’s weakened economy, familiar concerns are resurfacing. Bill Wyatt, who has traveled to China and back 25 times since taking over as executive director of the Port of Portland in 2001, says the prevailing tension around China’s rise reminds him of worries of Japanese dominance during the 1980s, “You hear a lot of questions like ‘What does it mean? Where are we headed? Are they going to eat our lunch?’”
Up to this point, relatively few Oregon assets have passed into Chinese hands. But experts expect that to change over time. Raymond Cheung, a partner at Portland accounting firm Geffen Mesher who represented the Hong Kong-based investors who bought the Halsey pulp mill, says: “This is just the spark. You are going to see more and more acquisitions… We need more investments like this in Oregon because they will create jobs and we need the jobs.”
Cheung was born and raised in Hong Kong. When he moved to the U.S. in 1993 to attend George Fox University, none of his friends and family knew of Oregon. He was the only Chinese speaker at the entire university, and the language barrier did not make for an easy college experience. But his hard work is paying off. Cheung is fluent in Mandarin, Cantonese and English, and he is a certified public accountant in Hong Kong as well as in the U.S. He was the first Chinese speaker to make partner at Geffen, and his international business is growing rapidly.
“Next we will see Chinese mutual funds and venture capital groups investing,” he predicts. “They will be coming in to buy.”
Akana Ma, chair of Ater Wynne’s global trade group in Portland, agrees with that assessment. Ma represents “a number of investors purchasing assets in Oregon.” He doesn’t offer specifics other than to say, “A lot of Chinese companies are actively scanning the horizon for steel mills, pulp and paper mills and other types of factories that still have useful lives.”
Ma recently helped a Chinese manufacturer of power generation equipment, Wuxi Kipor Power, set up an office in Portland in February. He is also involved in EB-5 projects in Washington state as well as Oregon.
Wyatt, like most observers, sees the trend as inevitable. “Trade is going to become more global, not less,” he says. The port has formed a relationship with one of the largest ports in the world, in Tianjin, and will begin exchanging executives this year. Wyatt expects business and travel connections between Oregon and China to grow steadily, eventually bringing direct flights. “In a 10-year time period, [direct flights are] likely.”
Friday, March 06, 2015
BY JEFF DELKIN | OP-ED CONTRIBUTOR
As a local business owner, I believe it’s important to build our economy on a platform of conservation values.
Thursday, February 05, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
We ask chiefs of staff for the scoop on Oregon legislators.
Friday, March 27, 2015
BY JOE CORTRIGHT
The CRC is a cautionary tale about how we plan for, finance and invest in transportation infrastructure.
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR
Don’t just sit there. For a healthy workplace, move up and down — and all around.
Thursday, March 26, 2015
BY KIM MOORE
A conversation with Craig Wanichek, president and CEO of Summit Bank.
Thursday, March 26, 2015
BY JACOB PALMER
Power lunching at the Court Street Dairy Lunch in Salem.
Friday, March 27, 2015
BY LINDA BAKER
My daughter turned 18 last week, and for her birthday I got her a Car2Go membership. Not to label myself a disruptor, but it felt like a groundbreaking moment. The two of us, mother and child, were participating in a new teen rite of passage: Instead of handing over the car keys, I handed over a car-sharing card — with the caveat that she not use the gift as her own personal car service.
|Get on the bus!|
|Bike Chic: 7 stylish options for cyclists|
|Beam Me Up|
|Emperor of the Sea|
|Epitaph for a Boondoggle|
|Student loan debtors face default in repayment strike|
|Jay Z unveils streaming music service|
|Volvo plans $500M car factory in US|
|Oil crash starting to hurt in Texas|
|Swiss bankers guilty of tax fraud avoid jail|
|US grants Texan rhino hunter permit to bring back trophy|
|Norwegian Air tweaks cockpit rules after Germanwings crash|
A new report highlights how Oregon bankers are giving back to their communities.
Since 1932 Tidewater Transportation & Terminals (operating as Tidewater Barge Lines and Tidewater Terminal Company) has operated a multicommodity transportation and terminal company based in Vancouver, Washington. The friendly expression on the company’s shipping containers reflects the attitude of about 330 safety and community-conscious employees but belies how complicated the barge business really is.
The Port of The Dalles has run marine facilities since the 1930s, but they are part of a larger mission to strengthen the local economy. They focus on regional economic development with a strong bent toward adding good-paying jobs in high tech, manufacturing and other industries.
The Atkinson Graduate School of Management at Willamette University has maintained its business accreditation by AACSB International—The Association to Advance Collegiate Schools of Business.
Like the advent of the locomotive, the cloud creates business opportunities that simply weren’t possible before now. Get up to speed fast in May at an exciting cloud-empowered Portland event.
Registration is now open for Portland Business Alliance’s Annual Meeting, one of the largest business gatherings in Portland each year.