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tv   [untitled]    August 7, 2012 1:30pm-2:00pm PDT

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u.s., an increase of 12%. china is of the first largest and growing market. china is the no. 1 market for agriculture for u.s. agricultural products like soybeans and cotton. soybeans are 60% of -- is sold to china. one-third of u.s. cotton is sold to china. china is also an important market for u.s. automobiles and aircraft. china also is in long-term market for u.s. service industry. in this area, the u.s. has done a long time service. at the same time, the chinese
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want to prepare -- entrepreneurs are interested in making investments in the united states so there are more and more chinese companies coming to the united states and investments. according to chinese statistics, for the last 18 months, the chinese investment in the united states grew by 18-40% -- by 14%. it is up to $6 billion. the investment is still a small figure. it is growing very fast. today, our common interests have expanded and interdependence has been deepened. now, as the impact of the financial crisis still lingers,
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both china and the united states have committed to transforming their economic growth. their economic growth models by increasing input in some new areas like new energy, high- tech, high end manufacturing, i.t., bioscience, etc. these could translate into new corporation -- cooperation opportunities. the u.s. as you know is implementing its export initiatives and select u.s. programs while the chinese government is implementing its plan. one of the main contents of the plan is to expand tschida's domestic demand -- tschida's
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domestic demand. so for the next five years, -- china's domestic demand. we will import 10 trillion dollars of food from abroad including those from the united states. also, china is now working very hard on a global strategy. we encourage the chinese companies to work, to invest in foreign countries, including the united states. with this drive going on, i believe more and more chinese companies will come to invest in the united states. if we embrace all these efforts together, i am sure the result will benefit both countries on both sides. history and the facts have proven that china and the u.s. or sino-u.s. corp. is no zero
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sum game. rather, it is always win win and win win always prevails. as the two countries are at development level, the two countries have a divergent history and political system, it is natural and normal that we can encounter some difficulties in disagreement and frictions during the course of our cooperation. that we should make a greater endeavour to expand our common interests and to properly deal with these differences. the chinese government will make rigorous efforts to create a more leveling -- a more level
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playing ground for investors in china. we will step up our ipr protection and further open up our market. at the same time, we also strongly urge the u.s. side to loosen its export controls to china and also urged the u.s. government to treat the chinese enterprises working in the united states in a fair manner. i think as long as we were close together -- work close together, we will find more and more opportunities and we will find more and more when-when results. -- win-win results.
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i hope that the seminar could be a catalyst to boosting cooperation between china and california and san francisco. and help bring more tangible benefits to the economy and the people of both countries of both sides. thank you very much. [applause] >> thank you, vice minister. now we will proceed with the signing ceremony. that will be emceed by [unintelligible] >> [speaking foreign language]
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good morning, distinguished guests, ladies and gentlemen. i am from the investment promotion agency. it is my honor to be the emcee of the signing ceremony today. matt have the honor of inviting the distinguished leaders -- may i have the honor of inviting the distinguished leaders to the podium for the signing ceremony? [speaking foreign language] let's invite the hon. avenue sen -- gavin newsom, honorable edwin lee, the hon. minister of the deputy of commerce, the consulate general of china in san francisco, the minister of
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the embassy of china in the u.s. [speaking foreign language] and the tenant governor newsome is mcclaren's -- lt. gov. newsom is joining us. [speaking foreign language] for the first year, the
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investment promotion energy and china sf to sign a memorandum of understanding. they are recycling the purchase contract. congratulations. [applause] [speaking foreign language] let's invite both to sign the letter of tintend for soybean
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purchase -- intent for soybean purchase. congratulations and thank you. [applause] [speaking foreign language] let's invite the china chamber of commerce and paramount. and blue diamond.
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the china chamber of commerce and blue diamond growers to sign the project on imports of all men's -- almonds. thank you. congratulations. [speaking foreign language] ladies and gentlemen, this is the end of the signing ceremony. congratulations to the organizations and companies and thanks to the distinguished leaders witnessing the ceremony. thank you very much.
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>> and good morning, everyone. let's get this started because everybody wanted paychecks. it is a great occasion and historic when it is the first time the city is passing the two-year budget with all of the disciplinary things and others that watch our fiscal responsibility along with the board of supervisors, a great day to celebrate.
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i want to recognize and think, beginning with the board president david chiu, thank you for working very closely with us. for carmen, who was assigned by board president to lead the effort again this year on the budget. and for the other members of the board of supervisors that have engaged directly with us. supervisors avalos, kim, elsbernd, cohen. and the department heads that worked very hard with us. i see of they cisneros, who the police chief and our fire chief. barbara garcia and trent have worked extremely closely with
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us because of the tremendous pressure that we feel at the state level and the national of bochum, trying to get a really good conversation about how we can make sure that the community based organizations that provide invaluable service to us are taken care of and working in collaboration with us. hall of the a jar work that she does with all of us. i want to thank her for her tremendous leadership. again, i can say about about my good friend, someone who i got the chance to work with for many years. you have taken up so many complicated challenges this year, we're going to keep you busy. thank you for your wonderful team. our new city administrator that is no longer new, your diving in
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there at every opportunity and helping all of the city department get ahead. thank you for your leadership there, our libraries continue to be great examples of our commitment to the public on how to use our bond worth. thank you very much. the key to the rec and park department. it will be the less complicated and very united effort, the bond we're going to push forward. with realignment come and gone, the commitment we have made to the state into our own communities to keep them safe, i just came back from the sheriff's department and the new jails, visiting all the programs out there. we have a lot of work to do, but we have great faith in your leadership. thank you for leading the realignment efforts and making
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sure we do the right things. working with a juvenile justice. thank you for your great leadership working with richard and the former superintendent for keeping me focused on the education of the future of our city. your great work on our youth and the families, again, thank you so much for that. to emily, her work on the status of women, thank you for keeping us focused on the most important issues. our board of permit appeals this year, the small business commission, who m i forgetting? i remember the fire chief. i also want to give a very special shot out to someone on
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my staff that has spent not only hours, but i think her demeanor and calmness has brought us through another successful collaborative effort. kay howard and the wonderful budget staff. if i can also do something that probably isn't mentioned a lot, i mention the work that we are doing directly with each of the members of the supervisors, but i think they would likely -- like me to mention that their aides are working very hard. how to think they aides of the supervisors. when they come in and they are meeting with jason and steve and we are exchanging life lessons about each other about what is important that what is not important, how we appreciate the good work you are all doing with our supervisors, and we value
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the communication because sometimes you are the link homer critical votes and critical exchanges of viewpoints. i want to thank you for being here and keeping our purse strings there. thank you for collecting those taxes and making sure we got a healthy collection there. all of our elected officials, i hope i haven't missed anyone. we're working as a family. as you know, it is not a surprise to you that i work very hard with steve and my staff to try to build consensus with the board of supervisors, trying to create a ton of collaboration, especially on something as important and impacting as our budget. now we have a balanced the budget, a responsible budget that will cost our police and
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fire departments have to win so many of the rank is retiring. and keep our cities save. that is irresponsible budget. we have a budget that extends itself to the richness of our communities by investing in small businesses, in community- based organizations that help us critically to deliver health and community social services to those in need. it is also a budget that is responsible because it places monies that we need because we don't control the rest of the world, how we have to be prepared and we listened over the years to the ratings agencies to the various fiscally responsible entities including the comptroller's office. we must put away things in case
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things beyond our control happen and we have done that. we have done that in unity with the board of supervisors. i want to give a shot out to all of us that work collectively to make our budget responsible. it is the largest budget, but it is two years that builds on our success and reserves for dangers we have no control over. it also invests in seriously in our neighborhoods, small business corridors, that lifts up and gives hope to all of the voices that have registered themselves and we have cut ourselves very open to the voices coming out from our neighborhoods. i of the small-business applicants and the merchant residence, and no longer are they screaming.
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we want them to engage, and i think when we respond appropriately to their needs ha, ha that is how the city should work. the voices of our communities come forward, we listen, contemplate, and we make decisions. which challenge each other. i will say to the supervisors have those of you that were past midnight had sought each other, while the stories is that some of what people war was like the job was when we were trying to close the deal. i appreciate the special powers that were taken care of the close this deal. while we may not agree with every single thing and the priorities that have been made, there is a tremendous amount of agreement, and it is worth it to
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move this forward with everybody's participation. i want to thank the board of supervisors for their collaboration and for the excellent work that was left in this budget. if i may invite the board president to come to the podium to say a few words. >> i want to take a moment and thank each and everyone of you for being part of the village of san francisco that has helped to balance this historic budget. i think this year we have had a fundamentally different budget on a couple of different dimensions. first of all, as my colleagues know, we have had a number of years where we have had to balance massive deficits.
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because of the work we have done together and the work in the private sector, the task of this year was not as difficult. i also want to take a moment talk about the two-year budget and reminisce about the fact that in 2005 when the city comptroller has brought to us the idea of a two-year budgeting, five-year financial forecasting, we knew the theory of what it would take who both have fiscal discipline and to allow us to spend on the priorities we would all share. it is because of the work we did together in part that led us to the easier place we are in. i am very proud of the fact that this budget reflects our shared priorities. every single one of you is a leader in this city in some area, setting out for our parks, public safety, fixing roads,
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taking care of kids, seniors, immigrants, small businesses. we have come together in a wonderful way i want to echo the mayor and the thanks to all of you, to all of the city departments, to the budget office have their leadership. all of the community stakeholders' coming together. my colleagues at the border, and one person without whom this would not have happened. how to take a moment into trouble with one saying about the dress of the board of supervisors. i believe all the men were still in business suits. our board of supervisors were not dressed in pajamas, but there was one change of attire from our budget chair that slipped out of her high heels and were flat at 5:00 in the morning. i want to thank sister carmen
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chu for her leadership and for dealing with us, helping to balance the incredibly diverse needs in the wonderfully diversity that we live in. i know you probably age of the last couple years. but you don't look as if you did. without further ado, i want to thank the budget chair. thank you for all your work. >> thank you very much to the mayor and board president, it has been my honor to serve as the budget chair this past year and the year before. i of the mayor ran through the partners that are here today. allow to a department heads and all of the staff. i see a lot of budget people in this room, and this rotunda.
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and all the department heads and us, we would not be able to do what we do. i want to say thank you to the folks that make this happen. overall, there was a lot going on this year and many issues are coming out is still being discussed. our goal was to make sure that the budget was the least of everyone's worried. it was a low-key drama-free budget. we had a unanimous vote to pass the budget and with that, i think we really have put together a consensus budget. in addition to the key areas where we made investments in supporting small businesses and focusing on the economy, invest in opportunities to train individuals for the work force, who think the budget is reflective of a two-year budget. this is the first time the city is embarking on budgeting over two years and we are looking at
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the consequences of our decisions today and what that means for the future. i think that is a very important step for the city, having a solid footing going forward. i am happy to see where the reserve levels are going to go. always when we have this conversation and we say what you want in the budget, he never asks for a single thing except to increase the general fund reserve. i have to say to supervise ouor elsbernd, it will grow to over 40 million next year. we used a budget only $25 million. on top of that, we have a stabilization reserves. a state reserve, and for the first time, we put in rate stabilization reserve to anticipate your water and sewer
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rate increases that all of us will have to face. the city is looking forward at key investment areas, and we are making sure we are being responsible for the future. i want to thank the partners that have been involved. our own staff, the clerk, the budget analyst, k. howard and their amazing staff, had a special shot out to my aid. if you can join me in a round of applause for them. they are truly amazing people and if you don't know them, you want to. how to say thank you, and for the mayor, i know you're going to give hence to us, but we should get to this year for the two-year budget. >> the cost of the second pen is
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in reserve. >> ok. >> free and.