SUPPLEMENTARIES
EXPORTS TO CHINA
WEAK POSITION IN CHINA AND HONG KONG?
WHY SHOULD BRITISH COMPANIES DO BUSINESS WITH THIS CENTRALLY PLANNED ECONOMY?
Companies from other European countries have consistently paid more attention to China, and won a bigger market share than us.
It is therefore
a top DTI priority to stimulate more serious and substantial interest and help new firms into the market.
There are
signs of growing interest: 90 strong
CBTG mission in November; 20 strong S China visit with Minister. Over 500 delegates attended 4
seminars on the Hong Kong airport last year.
We have
-
and will
continue to have after
1997 - a strong position there (900 UK companies
with Hong Kong offices; £2 billion direct
investment; over £50 bllion stock
market value of UK controlled or managed companies).
It is too important a market for companies to ignore. Central
planning still plays a major role but since 1979 the reform programme has transformed China's economy. China is moving steadily towards a market economy, more and more enterprises are run independently from the central authorities and the Chinese are looking now at ways to inject commercial realism into the shrinking state owned sector.
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