China

China

Virginia’s diverse economy and strong business climate provide a gateway to North America for Chinese companies.

Country Contact

Vince Barnett

Overview

Chinese companies will find easy access to the U.S. market with 47% of the U.S. population located within a one-day drive of Virginia. The Commonwealth’s strong transportation infrastructure ensures optimal access to major east/west and north/south interstate highways and rail lines, regional and international airports, and seaports.

Virginia’s exceptional logistics include:

  • Six interstate highways
  • Two Class 1 railroads – CSX and Norfolk Southern
  • 16 commercial airports serving Virginia, including Washington Dulles International
  • 3rd-largest port on the East Coast - The Port of Virginia

The Port of Virginia is planning for additional growth with major expansion projects currently underway, and is the only port on the East Coast authorized for 55-foot channel depths to handle the larger cargo ships of the future as first and last port of call. The Port of Virginia moved 2.8 million TEUs in 2017 – making Virginia an ideal location for import or export centers.

Market Access Map
68,000 Chinese population in Virginia

Virginia is adjacent to Washington, D.C., and within 480 kilometers of New York City.

Virginia’s proximity to Washington, D.C., allows for quick access to U.S. Embassies and federal decision-makers. Nonstop service to Beijing is available on United Airlines and Air China from Dulles International Airport, located in Virginia.

In Virginia, you will find a business-friendly environment. More than 550 internationally owned companies are located here, and the international base continues to grow.

Virginia has a competitive cost environment for business:

  • Electricity rates are below the U.S. average at 6.26 cents per kilowatt hour vs. 6.88 cents nationally
  • Unemployment insurance taxes are the 7th-lowest in the nation and 53% lower than the national average
  • Average workers' compensation costs among the nation’s lowest
  • Building costs that range from 6% to 21% below the national average, depending on the region
The Port of Virginia - China Shipping Line

The Port of Virginia

Virginia ranks No. 7 in the U.S. in educational attainment – 38% of the population between ages 25-64 has a bachelor’s degree or higher.
U.S. Census 2016

Virginia is ranked No.4 in Forbes and No. 4 by CNBC in their Best States for Business studies. The Commonwealth also ranked No. 1 in the Forbes study for regulatory environment, which looks at labor regulations, tax incentives, health insurance mandates, and occupational licensing.

Virginia’s biggest strength lies in the quality and productivity of its workforce. Virginia is a right-to-work state and, at 5.9%, has the ninth-lowest unionization rate in the country. Virginia is known for its world-class higher education system that provides a strong pipeline of new graduates from local and regional universities. The Virginia Community College System, comprising 23 community colleges, provides occupational and technical training programs, many of which are designed specifically to meet the needs of nearby industries.

Virginia ranked No. 7 as Safest State in America
U.S. News & World Report, 2018

 

Virginia is also a great place to live. The state’s diversity can be seen in its variety of landscapes, from Atlantic Coast beaches to the Blue Ridge Mountains. Virginia is home to a moderate four-season climate and provides a wealth of options for your employees to enjoy.

Chinese Companies with Virginia Locations

Foreign Investment accounts for more than 182,000 jobs in Virginia. A number of Chinese companies have operations in Virginia, including:

Chinese Logos

 

International Trade

In 2017, China ranked 2nd among Virginia export destinations.

China Exports 2017

 

We are excited to be able to acquire the Nautilus commercial licensing rights and to be able to manufacture world-renowned strength products in Independence, Virginia. The skilled workforce has consistently built some of the best, if not the best, strength fitness equipment in the world. This campus will become our major world-wide strength manufacturing hub.

Dustin Grosz President & CEO, Core Health & Fitness LLC