Posted at 7:25 AM
MBDA National Director David Hinson, along with a 27-member delegation of U.S. corporate executives and minority-owned businesses, recently completed a China Business Opportunity Trade Mission to Beijing, Tianjin and Shanghai. The goal of the trade mission was to meet with potential corporate, government and university partners and attend the Minority Supplier Development (MSD) China Summit and Business Opportunity Fair.
The trip was organized by the National Minority Supplier Diversity Council (NMSDC) to foster business relations between American corporate and minority-owned businesses, corporate members of MSD China, and Chinese ethnic minority businesses that are not a part of the Han Chinese majority in China and Taiwan.
Director Hinson was a keynote speaker at the MSD China Summit and Business Opportunity Fair, held Sept. 1-2 at the Tasly International Conference Center in Tianjin. In his remarks, he encouraged participants to join in helping minority suppliers gain more business opportunities within the global economy.
“China is starting to recognize that empowering its minority businesses is a way to spread prosperity for all of its people,” Hinson said at the Summit. “And the United States stands ready to help in this endeavor however we can.”
The annual event brought together 80 corporate executives, minority supplier development professionals and purchasing executives, along with a host of Chinese and U.S. government officials, and about 100 minority business owners from China and the U.S. The Summit also included several delegations from ethnic minority regions within China.
“Among those core values that citizens of the United States and China share is the belief that we owe our success to the ingenuity, intellect and creativity of our people,” Hinson said.
Over the course of the two days, the Summit provided a forum for an exchange of ideas and included workshops onBusiness Opportunities with Multinational Corporations; Starting a Business in China: Practical Advice from Experts; How Traditional Chinese Medicine Goes International; and The Development of Chinese Ethnic Minorities and Chinese Minority Business Enterprises.
MSD China is the country’s first, national non-profit membership organization dedicated to enhancing the development of the 56 non-majority Chinese ethnic groups in business by connecting minority suppliers to corporations for procurement opportunities on a mutually beneficial basis.
The U.S. delegation attending the event included representatives from Dell, IBM, United Technologies Corporation, The Boeing Company, Hewlett-Packard Company, Marriott International, Inc., Merck, PepsiCo, and several minority businesses and leaders from the NMSDC. The China trade mission ran from Aug. 29 through Sept. 5.
Director Hinson’s time in China also included meetings in Beijing to discuss MBDA’s globalization program and objectives, investment opportunities in China, and current merger and acquisition trends. In addition, he met with the School of Continuing Education at Tsinghua University for an overview of its globalization program and to discuss minority business enterprise matching and the possibility of a joint program between Tsinghua and U.S. universities.
The Business Opportunity Trade Mission is a part of MBDA’s ongoing efforts to create access for minority businesses and broaden domestic and global opportunities through strategic partnerships.