Sunday, May 22, 2011

UK Parliamentary discussion: Rebalancing UK trade and investment with China



In this discussion by a UK parliamentary panel (HoC Business, Innovation and Skills Committee) looks at how how the UK can expand its business with China and be more competitive in the country.  It is rather long at just over two hours but it is worth watching.  Many subjects are covered in this discussion such as:
  • A brief introduction into how China developed
  • China's business culture
  • Why Germany is so successful in the country
  • The complex nature of who owns Chinese companies
  • China's respect of IP 
  • Many others
Some things that have come out in this discussion include:
  • The need for cultural training and support for British business people hoping to do business in the country.
  • The UK's major export industry, if you will, (finance) is not some thing that China is interested in yet but Germany's sophisticated manufacturing industry is some thing they are interested in.  
  •  The need for financial and technical support by government for SMEs going into China.

Here is a quick introduction on the UK parliamentary home page:

Rebalancing the economy: trade and investment
Witnesses

  1. Stephen Phillips, Chief Executive, China-Britain Business Council, Dr Kerry Brown, Head of Asia Programme, Chatham House, Professor Peter Nolan, Cambridge University
  2. Paul Anderson, International Sales Director, JSR Genetics Ltd, Steve Young, Head of Business Development and Sales, Surrey Satellite Technology Ltd, Simon Carter, and Joan Turley

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