Local contacts provide answer to China question
Wednesday 27th July 2011
The newly published target of £100-billion for bilateral trade with China by 2015, coupled with the country’s massive population and burgeoning appetite for Western goods and services represents a massive opportunity for British business.
In the past, it has been challenging for Western companies to make inroads. The barriers, though, are beginning to fall. China is far more open now than it has ever been; currency controls have been relaxed and enterprise zones established which give tax breaks for investors.
Some difficulties remain, it has to be said. Language is a barrier outside Shanghai and Beijing. The manner in which business is conducted can be very different and frustrating. The concept of “face” remains hugely important, and building relationships can take a long time.
Buzzacott can make things easier. Through our international association, IGAF Polaris, we have strong business relationships with accountancy firms throughout the world. With bilingual staff and offices in most major Chinese cities, Lehman Brown, our local member, is ideally placed to assist any move you may want to make in this lucrative market.