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Beyond Brexit - UK China Trade

October 2, 2017 2:20 PM

CLD and LDiB forum 29.9.17The topic of our first joint forum with Liberal Democrats in Business on 29 September was chosen in part to emphasize that trade between UK and China will grow regardless of whether BREXIT does in fact happen.

This was clearly illustrated by various power point slides presented by our first guest speaker, Dr Yeow Poon, President of the England China Business Forum showing how starting from a fairly low base, trade and investments between our 2 countries have been rising year on year.

Then moving from the macro picture to more specific sectors, Professor Alan Barrell Chairman of Cambridge Worldwide Associates shared his vast business experience working with both start ups and mature companies in bio-engineering, medical and other high tech industries in China and the UK. His clear message was that there were lots of opportunities out there for British companies and that we do have a great brand and reputation, thanks in part to our top universities.

BBD a big data fintech company was not only the sponsor of our refreshments at the National Liberal Club that evening, but had also sent along Reijo Pold, their Business Development Director to tell us about their OBOR (One Belt One Road) index and their new Tech Accelerator. So all young tech entrepreneurs who are dreaming of being bought out, BBD may be the white knight that you have been looking for!

But what about the risks of investing in China you may ask? Won't they just steal our Intellectual Property and then manufacture our products at half the price? To respond to those qualms, we had Serena Tierney, IP lawyer and former PPC to advise on how British companies can register and protect their IP. China is a member of the WTO (even before the US joined) and there are laws and procedures that have been formulated to protect foreign businesses.

Paul Lucraft, Chair of LDiB and moderator of the forum managed to stimulate our mixed and very engaged audience into fairly lively discussions, while our speakers ably batted all questions from the floor.

Thanks to LDiB and everyone for coming to our joint event, and hopefully only the first of more to come.

The event has been reported in UK Chinese Times.

CLD and LDiB forum 29.9.17 audience