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"Debt-to-equity programs work well for companies that are facing short-term obstacles but are expected to see profits in the future," said Xu Gao, chief economist with China Everbright Securities. "The key is to ensure the programs can be implemented using legal means and with high transparency."

"Expanded trade with China -- already our second largest international trade partner -- brings more jobs and more investment capital to Houston," he added.

"During that meeting, the governor and Party secretary agreed that the 38-year-old sister-state relationship between Maryland and Anhui, established in 1980, was deserving of a focus, a celebration, and a re-commitment to the deep and significant economic, trade, educational, and cultural relationships between Maryland and Anhui," said Maryland State Secretary John Wobensmith.

"Entire towns folded up, and what had been a 2,400-mile (4,000-kilometer) carnival became－to a large extent－a 2,400-mile ghost town," explains David Knudson, founder and executive director of the nonprofit National Historic Route 66 Federation.

"Every family has their own story about why they left China and how they got to the US. I think curiosity about that and trying to understand what it means to be a Chinese American is the main thing that draws them to the program," said Owyang, who has been involved with the program for the past 12 years.