SAN JOSE (KCBS) — A non-profit organization has been formed in San Jose to promote investment from China. The group’s goal is to stimulate the economy and increase jobs.
San Jose was selected because of Chinese interest in Silicon Valley. Stephanie Shoo Xu, co-president of China Silicon Valley, explained the area’s prestige.
“Silicon Valley is the hub of high-tech innovation center. When you mention Silicon Valley, it’s a well-known, prestigious name in China. Pretty much everyone knows about this name,” she said.