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Thursday, 27 January 2011

Signing ceremonies, and SMEs genius or folly.. UK and Chinese firms sign deals worth over £2.6 billion:

UK and Chinese firms sign deals worth over �2.6 billion:

Its brilliant and fitting to have now the maybe overused signing ceremonies worldwide (particularly in China, as it used to be the preserve of major political signing and or legislations) to celebrate the multiple agreements highlighted in the above link (yes, I don't blog as often as I would have liked, too much effort).. but surely one thing stood out and tickled my curious mind, which was the piece below.. and key guys in the picture below:

Wang Guiqing 王贵清, Vice President of CCCME, IMG_3033

It would of course depends on definition of what Small Medium Enterprise (SMEs) might be, but majority of them would not be having annual multi-million turnovers, I would have though, and if that is the case, then a frequent travel to China would be out of the question for the key directors... that is if the directors of the said SMEs got spare time from the typical tactical and 'treading water' movements of SMEs..

In China, it might even be worst (depends on the definition), as speaking to them about europe or UK would be like speaking to Eskimos about Hogwarts.. despite how much an 'opportunity' it might seem by description.. just the effort and management time that need to be spent in understanding (whilst treading water) may just be an insurmountable tasks..

I did tell Sir. David Brewer.. as surely part of the solution would be to have better targeting to the top echelon of the SMEs (maybe minimum at least £10-£15m turnover companies with at least £3m profit and hence our CXO level guys).. only these people would be able to take a breath and take some strategic informed information and decide and put in action some transatlantic plans..

Its great to have more MoUs and agreements to be signed though, not only with China... lets do more for sure! ;-)

@GarethWong


"The China-Britain Business Council (CBBC) and the China Chamber of Commerce for the Import and Export of Machinery and Electronic Products (CCCME) signed a memorandum of understanding on co-operation. On this agreement which will increase cooperation and exchanges between Chinese and British small and medium-sized enterprises (SMEs), CBBC Chairman Sir David Brewer said: “This is a great opportunity to encourage SMEs from both countries to work together. China offers UK SMEs some really exciting opportunities and we have worked with many who are doing good business in China already. So many more could, and I would encourage British SMEs to contact their local CBBC office to learn more.”"

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