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Plus, HYSTA, the Chinese entrepreneurial group in Silicon Valley, has set up in Beijing.
FORBES: Hanging out with VCs at Tsinghua
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While Silicon Valley companies were working on the problem, silicon prices fell and Chinese companies like JA Solar, Suntech and Yingli Green Energy rapidly expanded production of conventional solar panels, supported by tens of billions of dollars in inexpensive credit from the Chinese government as well as other subsidies like cheap land.
FORBES: Can China Save Silicon Valley's Struggling Solar Technology?
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One way to facilitate trade and investment is ethnic ties witness the way the Chinese diaspora has invested in China, or the way Indian-American entrepreneurs have forged links between Silicon Valley and India.
FORBES: Immigrants Needed
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Indian and Chinese entrepreneurs alone founded about 30% of the Silicon Valley technology companies creating more than 72, 000 jobs in the last fifteen years.
FORBES: The Time Is Now To Fix Rules On High-Skilled Immigration
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But China shares one important advantage with India: the army of overseas Chinese who have made their home in America, particularly Silicon Valley.
ECONOMIST: India and China are creating millions of entrepreneurs
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Today Mr Fong is a state assemblyman representing Silicon Valley, a place teeming with successful Chinese-Americans such as the co-founders of YouTube and Yahoo!
ECONOMIST: An official apology for the past marks a story of success