Return to China, Visiting Old Friends & Launching New Green Initiatives

In this week's video, Xiabing Su joins KraneShares' founder and CEO Jonathan Krane, the former US ambassador to China Terry Branstad, and the former US ambassador to Singapore, and KraneShares' general counsel David Adelman on their first trip to China in three years. Krane expressed his excitement to reconnect with old friends and meet with business partners, including China International Capital Corporation (CICC). Krane noted that China's streets were extremely busy and seemingly "fully back to work." For Branstad, the trip coincided with the 40th anniversary of the sister-state agreement he helped establish between Iowa and Hebei Province. He participated in a commemoration ceremony and met with the current governor of Hebei Province, Wang Zhengpu, among other meetings. Branstad stated, "The Chinese people appreciate the quality of American food. And the American consumer appreciates the quality and affordability of Chinese consumer products. So even though we have differences, we need to continue to trade with each other." Adelman noted that while he had a few different purposes for visiting China, establishing the US-China Green Institute was his top priority. The US-China Green Institute is a nonprofit founded to work across the Pacific in both the US and China on climate change and green initiatives. Adelman said, "It has been three years since I've been back. And we've been warmly welcomed, which is not surprising, but it's still fantastic." Xiabing concluded by stating, "Cooperation is the way to a win-win relationship. We hope that the US and China can work together and create more opportunities for the whole world."