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China push downsized; City's focus shifts to middle-market operations, smaller developments.(News)
Crain's New York Business, February, 2006
Byline: Samantha Marshall It seems like everyone is shuttling between New York and China. Lawyer Albert Wang is on his way back from Xian. New York City development official Yuet-Fung Ho is in Beijing. And Queens real estate developer Michael Meyer just returned from Shanghai. They are all trying to coax mainland businesses to set up shop in New York and hope to close deals within the next 12 months.
"We have been going nonstop, talking to about a dozen business owners here,'' says Mr. Wang, speaking from China. He is a partner and head of the new China practice at Phillips Nizer. The effort by New York officials and executives to lure Chinese businesses has recently taken on added urgency. Last year's attempted takeover of Unocal Corp. by Cnooc Ltd., a state-owned...
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