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CBBC Members' Mailing
29 June 2011
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On Monday 27 June following the UK-China Summit in Number 10, Prime Minister David Cameron announced trade deals worth £1.4 billion. CBBC signed two MoUs including an agreement with Beijing International Brand Management Centre. This will see the launch of a new China-UK Creative Office to promote UK design in China. The deals annnounced include a significant number of CBBC members. At the end of Premier Wen's two-day visit to the UK, he outlined his vision for "Tomorrow's China" at the Royal Society. The full speech is available below and you can find out more from CBBC Flickr, twitter and our website.
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Special Report
General News
CBBC and BritCham Events
Other China Related Events
Business opportunities (BO), Talking Points (TP) and Member Offers (MO)
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| UK & China are "partners for growth" |
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Premier Wen in Britain for UK-China Summit
Premier Wen Jiabao's Speech: The Path to China's Future
The Royal Society, 27 June
Speaking at the Royal Society at the end of his two-day visit to the United Kingdom, China's Premier Wen Jiabao outlined his vision for "Tomorrow's China". Focusing on the need to extend the process of economic "reform and opening" across all areas of society, he expressed confidence in China's ability to develop into a more open, advanced and inclusive society. Stressing that China could learn much from the history of the developed economies in managing its own internal challenges, he pointed to the potential to deepen commercial, scientific and cultural cooperation between the UK and China, with increasing demand in China for the type of advanced engineering, low carbon technology and professional services in which the UK has particular strengths. By increasing exports of such goods and services to China, British firms will not only be making a valuable contribution to China's transition but also boosting economic growth in the UK. For the full speech click here.
UK-China Summit: deals of £1.4 billion announced
On Monday, UK and Chinese firms announced deals worth £1.4 billion. These deals mark the next steps in the growing commercial relationship between the UK and China, and are expected to be worth at least a further £1.5 billion in future.
CBBC signs two MoUs
- CBBC have signed an agreement with Beijing International Brand Management Centre which will enable them to launch a new China-UK Creative Office to promote UK design in China.
- Memorandum of Understanding between the Department for Business, Innovation and Skills, UK Trade & Investment (UKTI) and CBBC and the Ministry of Commerce of the People's Republic of China on strengthening trade and investment cooperation in Chinese regional cities.
Deals announced for CBBC members
- ARUP signed a Memorandum of Understanding with China Railway Engineering Corp (CREC).
- BG Group and Bank of China signed a key co-operation agreement.
- Benoy announced four new contracts for infrastructure projects worth over £10 million
- Diageo has announced Chinese approval of its application to increase its investment in Quanxing Group, a Chinese white spirits company.
- Nottingham University announced an agreement with AVIC subsidiary, Commercial Aircraft Engine Co, Ltd (ACAE); and a Memorandum of Understanding with New Hope Group.
- A major contract for JSR Genetics to supply breeding pigs
For the detailed information on the full list of deals announced click here
CBBC Photos and coverage
Early on Monday morning as the Chinese delegation were waking up, Ralph Rogers, CBBC China Business Adviser, made it on to BBC Breakfast to be interviewed by Simon Jack, the BBC business reporter, not quite on the red sofa, but very close! To see Ralph explain the importance of China to the UK, click Why is China important for the UK
To see photos of Premier Wen's visit, his trip to Longbridge, inspecting an Honour Guard at the Foreign Office, witnessing the signing ceremonies with David Cameron, their joint press conference, and a few too many photos of Fenella signing the creative cooperation agreement with BIBMC, see CBBC Flickr.
For more information about the visit, the speech by Sir Paul Nurse, President of the Royal Society and details of the King Charles II medal awarded to Premier Wen, visit CBBC website |
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| General News |
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Social security set to cover foreign workers
Source: China Daily, 29 June
Foreign workers in China will soon be covered by the country's social security program, according to the Social Insurance Law, which will take effect on Friday.
The new law will allow foreign employees to receive medical, work injury, retirement, unemployment and maternity benefits similar to those for Chinese citizens.
Detailed regulations are yet to be published. In early June, the Ministry of Human Resources and Social Security solicited public opinion on a set of temporary measures for the program, which stipulates that all registered foreign workers with a valid work permit in China should be covered. To read the full article click here.
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Small firms, big problems as costs rise in China
Source: Xinhua News, 29 June
Rising prices have not only been hitting consumers, but also small businesses, Chen Jia reports from the towns of Baigou and Rongcheng in Hebei province. The rapid rise in labor costs and the soaring price of raw materials, together with the increasing cost of borrowing, has left small and medium-sized businesses (SMEs) there facing a dilemma. Meanwhile, the authorities have cracked down on lending and the money supply to combat inflation, a move that has further increased the pressure on China's capital-thirsty small businesses. To read the full article click here.
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Diageo to control Chinese spirit brand as Cameron and Wen unveil trade deals Source:The Telegraph, 28 June
Diageo is set to become the first British company to control a big Chinese spirit brand after it won regulatory approval to buy a majority stake in Quanxing Group, one of several trade deals unveiled by Chinese Premier Wen Jiabao and Prime Minister David Cameron yesterday. To read the full article click here.
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China to amend individual income tax law
Source: China Daily Europe, 28 June
According to current law, individuals who earn less than 2,000 yuan per month are not required to pay income taxes. The draft amendment submitted for the first reading on April 20 proposed raising the threshold to 3,000 yuan per month.
The current individual income tax law features a nine-bracket progressive taxing mechanism for people whose salaries are paid on a monthly basis. Taxes are calculated after subtracting the exemption threshold, with each level carrying different tax rates. To read the full article click here.
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Pharma heads east for profit
Source: FT, 27 June
Bain & Co, the management consultancy, recently forecast that the healthcare industry in China will grow at an average of 15 per cent a year until 2015, to about $600bn. Between 2007 and 2009, according to Bain, China's healthcare market outgrew the global market by a factor of more than four. To read the full article click here.
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| CBBC and BritCham Events |
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CBBC Scotland Dinner with H.E. Mr Liu Xiaoming, Chinese Ambassador
Glasgow, 11 July
Do not miss this prime opportunity to network with organisations doing business with China and listen to Ambassador Liu Xiaoming address Scottish businesses on China's current business and economic environment, and his plans and thoughts on the future relationship and commercial ties between China and Scotland. This black-tie dinner will be hosted by Sir David Brewer, Chairman of CBBC.
Sponsorship Opportunities & Registration
We are delighted to announce that Scottish Development International will be one of our gold sponsors for the dinner. Other sponsorship opportunities (at gold and associate levels) are available, click here to see more details. For more information, email Wendy Liu or call 0141 2048353. Tickets are available from £75 + VAT for CBBC Members. To reserve your place(s) or table(s), please complete the registration form and return it to Tracy Baird.
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Guangzhou Expo with University of Birmingham
International Convention Centre Birmingham, 1 July
CBBC Member Company, The University of Birmingham and the Guangzhou Municipality will host the Guangzhou Expo in Birmingham. This will be an ideal event for organisations interested in developing new business links or extending existing ones, and for those who would like to learn more about business opportunities in Southern China. The Vice Mayor of Guangzhou, Mme Gong Erzhen will be accompanied by a large delegation of government officials and business leaders, representing sectors including (but not limited to) new energy, new materials, IT, sustainable development, modern service industries, R&D, financial services and advanced manufacturing. Click here for further information and to register. |
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17th China Lanzhou Investment and Trade Fair
Lanzhou, 5-7 July
China Lanzhou Investment and Trade Fair is one of the most important fairs in north-west China, providing a platform for investment promotion, commodities exhibition, seminars and forums, culture and tourism between overseas countries and the north-western parts of China.
CBBC will be represented at the fair. Member companies are very welcome to join us either by coming to the fair or sending us your company literature to promote your products and services at our stand. For more information click here. To register contact Sophie Bao. |
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UKTI SE: Doing Business in China, Hong Kong & Japan
CBBC London, 6 July
This event is designed to stimulate new business thinking and update companies on these key dynamic markets.
The event will offer expert advice from host Chris Lowsley, UKTI South East; Ralph Rogers, CBBC; and David Marsden, Hong Kong Trade Development Council. The programme will cover market updates, new developments and a spotlight on Chongqing, China's largest city. For more information or to register click here. |
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UK-China SME Forum: Regional roadshows
Leeds: 11 July; Cambridge: 20 July
PARTNERS FOR GROWTH
As a follow up to the Prime Minister's visit to China and Vice Premier Li Keqiang's visit to the UK, where political leaders endorsed the UK-China Partners for Growth initiative, the China-Britain Business Council
and UK Trade & Investment are organising a series of UK-China SME Forums. The objective of these events is to provide support & advice to SMEs in their activities and strategies for China. For more detailed information and to register click here. |
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*Save the Date*
Members' Breakfast Briefing on Shandong Province
CBBC London, 15 July
Join CBBC to explore the opportunities for business in Shandong Province. Shandong's economy is growing rapidly, and the provincial GDP is already higher than that of South Africa and Argentina, in addition it has a larger population than Germany and excellent logistics links to international and domestic markets. We will present findings from recent CBBC research, listen to a case study who is already actively winning business in the province and be joined by representatives of the Provincial Government. To learn more about Shandong click here. To register for the event click here. |
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*Members Only*
Zhejiang Federation of Industry and Commerce Visit led by vice Chairman
CBBC London Office, 1 August
CBBC is pleased to welcome a delegation from Zhejiang Federation of Industry and Commerce led by vice Chairman Mr Deng Guoan together with local enterprises. They wish to take this opportunity to meet some of CBBC members in the pharmaceutical and agriculture industries. To register your interest, please email events@cbbc.org.
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CBBC Autumn regional cities programme
China, September - October
We are delighted to advise you that once again CBBC is arranging an extensive autumn programme in China the length and breadth of the country to help our members identify new and exciting opportunities. From late August to mid-October, CBBC is delighted to offer members of CBBC and British Chamber of Commerce in Beijing an extensive programme of visits to key regional cities across China. The programme incorporates the annual visit of CBBC's Chairman, Sir David Brewer, please find below. For the detailed programme click here.
Annual CBBC Chairman's Visit to China, 20-30 September
CBBC Chairman, Sir David Brewer, will lead a business visit by CBBC's members to China in September. This visit will provide members with excellent access to both business and government and introduce you to a variety of opportunities across a range of regions and sectors. The visit will be designed and tailored to help you, CBBC's members, with your work in China. We would be delighted to hear your suggestions on where/who you would like to visit and we will also consider requests from members for Sir David's time or assistance during his visit. Please send a brief overview of your requirements to Duncan Levesley to discuss possibilities. |
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| Other China Related Events |
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China Scoping Mission for West Midlands Companies
Beijing, Chongqing, Changsha, Guangzhou, (Hong Kong), 3-8 July
This visit in relation to the Rail and metro sector will cover sub-sectors; eg. master- planning, rolling-stock manufacturing and technology suppliers for main line rail and urban transport (metro/light rail transit). Once companies have expressed an interest in taking part, a visit programme using a group Overseas Market Introduction Service (OMIS), will be compiled. For more information and to register your interest please click here. |
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7th Meeting of the EU-China IP Dialogue
Brussels, 4-5 July
The next meeting of the EU-China IP Dialogue is scheduled on 4-5 July 2011 in Brussels. In order to prepare this event you are invited to a preparatory meeting on Friday 17 June 2011 from 10:00 to 12:00 in The Centre Albert Borschette, Rue Froissard 36, B-1040 Brussels, Room AB-3D. Please bring with you this invitation to access the building. Anders Jessen, Head of IP Unit in DG Trade, will chair this meeting.
Please click here for a draft agenda for the IP Dialogue (not yet agreed by the Chinese side).
We would be grateful if you could confirm your participation for the 17 July meeting by email ASAP to Ms Katarzyna Lupina.
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Forward Swindon: Doing business with China
Swindon, 6 July
This event is designed specially for Swindon-based business looking to start trading with China. Expert helps are available from CBBC, UKTI, Chamber of Commerce and successful Business leaders. A network reception will be on offer after the event. For more information click here. |
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UKTI Regional City Mission
Quanzhou and Xiamen, 25 -26 July
This mission will help British companies explore the business opportunities in the two largest economies in the province, through business-focused events meeting key decision-makers, government officials, local enterprises and partners. The mission will be led by the British Consul-General in Guangzhou, Mr Alastair Morgan. Please click here for details of the draft programme and summaries of opportunities in these cities, and to register. |
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UKTI: LifeSciences Wound Care Mission to South China (Healthcar & Medical)
Shenzhen & Guangzhou, 8-10 August
The UKTI LifeSciences China team is organising a wound care outward mission to South China and to take part in the 4th International Surgical Dressing Conference in Shenzhen.
The wound care market presents huge potential in China with the sales reaching RMB552 million(GBP55.2 million) in 2010, following current value growth of 7% over 2009. The industry in China recognises the needs to move towards advanced wound care solutions and is actively seeking innovative ideas and technologies from overseas. For more information and to register click here. |
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2011 China (Zhuzhou) International Rail Transport and City Development Summit
Zhuzhou, Hunan Province, 23 September
This summit is co-hosted by China Chamber of International Commerce, Zhuzhou Municipal Government and China South Locomotive & Rolling Stock Corporation.
As one of China's leading R&D and manufacturing bases for rail transport facilities, Zhuzhou will establish China's biggest industry park for rail transport, where enterprises from sectors of rail transport facility manufacture, electronics & information technology, new materials, new energy and other related high-tech industries will be situated. For the full invitation and draft programme click here. To register click here. |
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Institute of Directors - China Trade Conference
Bristol, 29 September
This conference will inspire confidence and provide you with an understanding of China's market potential, what preparation and considerations you need to make before jumping on a plane.Expert speakers from UKTI, China-Britain Business Council, Institute of Exports, Bristol China Partnership, UWE and Directors of Bristol & South West businesses, all share their lessons on developing and growing business in China. For more information and to register click here. |
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| Business Opportunities (BO), Talking points (TP) and Member offers (MO) |
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BO: looking for collaboration on degree programme education, Hubei
Established in 2000, Hubei Wenhua Education & Technology Development Co Ltd specialises in investing education industry in China. According to their new strategy, they are keen to work with British organisations and universities on degree programme education. They are willing to visit potential UK partners this year. For more information and to register your interest click here. |
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BO: Seeking technology transfer of vaccine IPV and meningitis, Liaoning
Liaoning Chengda Biotechnology Co Ltd is the biggest vaccine producer in the northeast. The vaccine rabies has taken 40% of China's total market share. As the business expands, they are now focusing on new vaccine varieties. They are seeking technology transfer of IPV and meningitis. For more information and to register your interest contact here. |
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BO: Seeking UK composite component manufacturing technologies, Harbin
Harbin Aircraft Industry Group (AVIC HAIG) under Aviation Industry Group of China is now working together with GKN to supply Nacell and providing OEM services to produce elevator rudder for Airbus A320, A350 and produce wing to body fairing for Boeing 787. All these products need a large amount of composite components. HAIG is looking for the most advanced technology for manufacturing composite components for aircraft industry. They are looking to cooperate in the following ways, technology transfer, jointly R&D and/or setting up JV. For more information and to register click here. |
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BO:Seeking consulting firms for partnership, Shenyang
Shenyang W&T Management Services was established in 2004, mainly involved in management consulting, strategy planning, marketing and events management. They are seeking cooperation with British consulting firms to help British companies to localise their services in China. For more information and to register your interest click here. |
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BO: Seeking battery manufacturing technology for new energy vehicles, Shenyang
Shenyang Brilliance Auto Co Ltd was established in 1991, is mainly engaged in designing and manufacturing three branded vehicles, Zhonghua sedans, Jinbei passenger cars and Grace commercial vehicles. Its annual production capacity was 500,000 vehicles with the annual turnover of RMB 60 billion (£6 billion) in 2010.
They are now looking for British companies who can provide battery manufacturing technology for new energy vehicles. For more information and to register your interest click here. |
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TP: International Tax Review - China Looking Ahead (First Edition by KPMG)
Looking Ahead includes a series of articles published in association with KPMG analysing and commenting on the implications for tax of China's 12th Five-Year Plan, which covers 2011 to 2015.
These articles look at how the tax system might change if it is to fulfil the goals of the 5YP which include wealth distribution, increased domestic consumption and regional development. The specialists from KPMG also look at other important tax policy areas such as transfer pricing, green taxation, VAT and property. To read the full review click here. |
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MO: One year subscription with ChinaDaily European Weekly newspaper
China Daily UK Co. Ltd is offering CBBC members one year complementary subscription with its ChinaDaily European Weekly newspaper. To access this subscription offer, please email your contact names with delivery details. Additionally, the latest issues of China Daily will be available on CBBC website from next week, login to members area for access. |
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| For all event information, please visit www.cbbc.org |
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