This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SD Gov Says Mission Should Boost Exports To China


PIERRE, S.D. (AP) â¿¿ The president of a Rapid City-based company that makes products for power plants, mining operations and other industries said Tuesday that Gov. Dennis Daugaard's trade mission to China could pay off in a big way for his company and others in the state.

China is South Dakota's third-largest export market, but South Dakota still ranks last among the states in trade with the world's most populous nation, Daugaard said from Shanghai in a call with South Dakota news organizations.

Rob Mudge of RPM & Associates said he's holding 10 meetings with potential new customers during the trade mission led by Daugaard. China plans to build more than 400 coal-fired power plants in the next decade, using the latest clean-coal technology and scrubbers.

"That's my business. So for me, that turns into markets, and markets turn into jobs," Mudge said.

The Republican governor noted that South Dakotans were just "learning the ropes" a year ago when he led a trade mission that included just three businesses. The current trip includes 11 South Dakota companies and agricultural associations representing pork, corn and soybean producers. South Dakota can supply not only grain and meat, but also a variety of other products and services needed in China's rapidly growing economy, he said.

"We need to be more creative about looking for markets where we can find them and not just where we've always been finding them," Daugaard said.

The South Dakota businesses and state officials will have about 80 meetings with Chinese government agencies and businesses in Beijing, Shanghai and Hong Kong before returning home at the end of the week, the governor said. State officials will check later to see how many contracts the South Dakota businesses eventually negotiate with China, he said.

The mission was partly funded by a grant from the U.S. Small Business Administration.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free


DOW 18,235.39 -50.35 -0.28%
S&P 500 2,128.07 -2.75 -0.13%
NASDAQ 5,090.2430 -0.5510 -0.01%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs