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02 December 2013

News - Cameron looks to develop Chinese opportunity

By SalesProEd @ 03:25 :: 1124 Views :: 0 Comments :: Article Rating
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Warwick Business School Professor Qing Wang is Director of the Marketing, Innovation and the Chinese Economy Network (MICE) and is visiting professor at Tsinghua University in Beijing.

Professor Qing Wang says: "The British Government has seen an opportunity to get closer to China with the Sino-US relationship complicated by America's hostility towards Chinese firms such as Huawei, plus the Eurozone is embroiled in financial troubles. 

"As a scholar with Chinese origin who has lived in Britain all my adult life, I am particularly drawn to this positive and pragmatic attitude towards China and other emerging economies. David Cameron has said that the economic rise of countries such as China, India and Brazil should be seen as 'an opportunity for Britain to carve out a place alongside them in a more prosperous world'. Such sentiment is like a breath of fresh air. 

"The areas that the two countries are likely to cooperate in the future are numerous, but particularly in financial services, energy and tourism. The Chinese investors have already been heavily involved in the UK's energy sector and properties and it is only the beginning, as their appetite will only get bigger as the RMB appreciates further and the asset price in the UK becomes more attractive. The Chinese interests in other areas such as the culture and creative industry, fashion design and antiques will also be growing as the middle and upper class population in China grows, they will become more discerning customers and appreciate the many British heritages even more. 

"This visit is particularly significant due to its timing. It is immediately after China's third plenum of the 18th party congress, which set out an extremely ambitious goal for China for the next 10 years under the new leadership."

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