Unlike their counterparts in the Western world, China has no banking crisis.
However, the country has yet to feel the impact of the credit crisis in the West because of the sharp fall in exports, followed him. Why the Chinese government has launched a 4 trillion yuan ($ 363bn) economic stimulus package in November 2008.
Yesterday, by 80 Chinese experts and representatives of companies such as Debenhams, Finnair and Olympus met in London, as western companies to discuss this package to stimulate the interest of progress. The collection even includes a representative of the Academy of Savile Row, which seeks to exercise the powers of traditional British adaptation in China.
The reason for investment in China is clear. How the British limping out of recession, economic growth in China remains strong. Last week, China said gross domestic product (GDP) of 10.7pc in the last quarter of 2009. Ours was a mere 0.1pc over the same period.
Brian Shaw, an executive of UK Trade and Investment, said: It screams at you from every booth, that China is the place to do business.
However, the mechanisms and methods of investment in the economic boom in China could blind-side investors and potential opportunities. How can it benefit businesses west of measures to stimulate China? And what pitfalls should be avoided?
UKTI is working on a series of initiatives to help businesses in the United Kingdom participating in stimulating activities. For example, it tries to grab attention in the early stages of the contest notoriously fast in China.
Chen Wu, deputy director of the China-Britain Business Council, said that one of the biggest challenges is to keep the company in China with the pace of change, both in infrastructure and regulations. For example, local regulations and rules can change overnight bank. And though such are the intellectual property, tax and accounting rules, the United Kingdom in the province of accountants and lawyers can not be shared with all the environmental changes at the bottom are familiar.
A complaint casual Western entrepreneurs is that contracts are not respected in China the same way with the West. He said, however, lawyers for the event yesterday to comply with the contracts, if C or C is a critical part of the basic activity agreements.
In practice, there are common mistakes that many foreign companies.
Inadequate preparation and market knowledge are periodic errors. Participants often assume that China is a market where there is an association of more than 30 regions. Mr. Chen also said that the British should slow from the mark when it comes to trade.
Entrepreneurs in the United Kingdom is very smart, but needs to take responsibility to act very quickly, or go for other companies, he said.
But the biggest mistake people make is foreign to underestimate the value of the relationship when he said doing business in China, Mr Chen.
Burnette Wong, senior consultant with the diamond forum, links between activities in support of the East and West agree. Personal relationships are important. When Chinese leaders are looking for investors to not only do the Internet and get a name. When friends or relatives is an introduction to an entrepreneur investor, I think it is a reliable person, he said.
Mr. Wong said that the commitment is directly linked to the head of the company instead of the C C vital. Early Binding to human level is essential. It should be the man who can make the decision not to speak a junior person. It is a waste of time, he said.
There are also fundamental questions of etiquette. For example, the Chinese name, as opposed to Western standards, which means that the person's name used in official communications in China. Brass could kill the deal.
It is up to UK businesses to grab China which is bursting with opportunities
