China’s ‘new normal’ brings chances for British business

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Lord Sassoon, the chairman of China-Britain Business Council (CBBC), said Wednesday that China’s “new normal” can bring opportunities for British business.

At the third Annual China Business Conference hosted by the CBBC, Sassoon said China is undergoing a period of further transformation.

He suggested British companies to look beyond the slowdown of China’s economic growth. He believed China’s growth is still rapid.

“Companies need to understand how demand patterns are changing and look at this vast continental market as a series of very different opportunities,” he said.

He believed there will be deepened trade and investment relationship between Britain and China.

The term “new normal” gained ground in China in May 2014, and it is used to describe the need to remain cool-headed as economic growth slows.

The third Annual China Business Conference attracted hundreds of delegates from Britain and China.

The conference covered many topics about China’s ongoing transformation, including reforms in sectors of education, innovation and entrepreneurship, as well as healthcare.

CBBC is a Britain-based organisation helping Britain companies grow and develop their business with China. It has worked with China for 60 years.

 

 

Source : China Daily | March 12, 2015

Thomas D’Innocenzi

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About thomasdinnocenzi

Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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