Co-organized by Taizhou Municipal Government and USCEA, a huge Taizhou Business Delegation, led by Mayor Jiuwu Shi, arrived in Hanzhou at September 14, 2001, to attend a business conference with an US Trade Mission, which was organized by USCEA, US Department of Commerce, US Federal Small Business Administration, US National Association of Export Companies, New Jersey State Commerce & Economic Growth Commission, Pennsylvania State Department of Community & Economic Development and other US organizations, at Zhejiang World Trade Center. This was the first time that an US-China business matchmaking conference was held in Zhejiang Province.

Xiaoling Wang, Deputy Secretary General of Zhejiang Province, Mayor Jiuwu Shi, William Spitler, Director of New York Center of US Department of Commerce, Herbert Austin, Director of New York Center of US Federal Small Business Administration, and Sophia Koch, Asia Director of New Jersey State Commerce & Economic Growth Commission delivered speeches at the opening ceremony. Dr. George Wang, President of USCEA, Barney Lehrer, President of US National Association of Export Companies, David Shih, Director of China Center of Pennsylvania State Department of Community & Economic Development, Shun Cai, Director General of Foreign Affairs Office of Zhejiang Province, Du'er Fu, Deputy Director General of Foreign Trade & Economic Cooperation Bureau of Zhejiang Province also attended the event.

During the conference, Yongming Wang, Deputy Governor of Zhejiang Province, met with US government officials of the US Trade Mission at the Zhejiang World Trade Center, and talked with attending US companies' executives. He highly praised the conference, and expected a wider range of business cooperation between the US and Zhejiang companies for the years to come.

Several dozens of proposed and ongoing Taizhou projects were introduced to the US Trade Mission members. Meanwhile, about 230 US companies' business interests, across more than 20 industries, including electronics, telecommunications, pharmaceutics, chemical products, machinery, electric appliances, apparel, construction materials, packaging, and other consumer goods, were also presented to the Chinese business community in the afternoon's business meeting session. More than 500 US and Chinese companies attended the conference and business meetings with their potential business partners.

Organizing committee of the conference also arranged a boat tour over the famous West Lake for US Trade Mission.