Gov. Pete Ricketts has led a trade mission to Japan.
Now, the governor travels to China.
Ricketts travels today from Tokyo to Beijing where he first will talk with center-pivot irrigation manufacturers. Ricketts will visit with Chinese executives on the strength of Nebraska center-pivot manufacturers, which control about 80% of the market.
“It presents an opportunity for us to be able to create that agri-business hub and expand that in China,” Ricketts tells Nebraska Radio Network.
China has grown into a major economic force, but its economy has struggled of late, shaking markets throughout the world, including in the United States. The economic woes in China cast somewhat of a shadow over the trade mission in Japan.
Ricketts says those he talked with in Japan believe China is experiencing growing pains as its economy transitions out of a low-wage manufacturing economy into a more mature one. The governor shares the belief the problems are temporary.
Ricketts sees great promise in China for Nebraska exports.
“And, of course, if we can find Chinese companies that want to invest in Nebraska and create Nebraska jobs, we want to do that, too,” Ricketts says.
Ricketts says China remains a major trading partner for Nebraska, despite its current economic troubles. China is Nebraska’s fourth largest trading partner behind Canada, Mexico, and Japan.
AUDIO: Brent Martin reports [:40]