Latest News:  

English>>Business

UK companies networking to lure investment from China (5)

By ecily Liu and Zhang Chunyan (China Daily)

14:31, April 23, 2013

In addition, local businesses and academic institutions also play a key role in helping local governments attract inward investment, offering valuable market knowledge and contacts.

One example is the University of Nottingham, which is doing research and development to help the Chinese automotive producer Changan Automobile Group Co Ltd upgrade its technology. This cooperation has led Changan to establish an R&D center in Nottingham, creating more than 60 jobs.

The University of Nottingham's Asia Business Center is working closely with Nottingham City Council to draft the council's China engagement strategy, said a council spokesman.

But the UK's local governments do not just work hard to attract Chinese investors, they do much more to help Chinese businesses to grow and prosper in the UK.

"We are keen for investors to grow, because that would create local jobs and drive the local economy," said Andrew Finney, councilor on Basingstoke and Deane Borough Council, whose team has helped the Chinese telecommunications company Huawei extensively over the years.

When Huawei moved its UK headquarters from London to Basingstoke in 2003, Finney's team helped Huawei find a suitable office, accommodation for employees, and a location for a company canteen.

As most UK schools require students to register in advance due to capacity restraints, Finney's team worked especially hard with local schools to create extra capacity to accommodate the children of Huawei employees. His team also made Huawei a member of its local business forum, which hosts meetings for businesses to discuss the growth strategy of the local area.

"Huawei has become an integral part of our community," Finney said, adding that witnessing Huawei's headquarters team grow from only 150 employees in 2003 to 400 now is particularly rewarding.

Finney adds that Huawei's contributions to Basingstoke go beyond direct economic results. "Firstly, as Huawei is one of the major Chinese investors in the UK, we can use Huawei as a promotional case study to attract more investment," he said.

【1】 【2】 【3】 【4】 【5】 【6】



We Recommend:

Living in mini homes in China

Stunning models at Bangkok Int'l Auto Show

Shanghai Tower, tallest skyscraper in China

Bird flu fears hit poultry industry

Bird flu takes toll on poultry industry

Int'l footwear exhibition kicks off in Shanghai

Email|Print|Comments(Editor:WangXin、Gao Yinan)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. China-US shared interests emphasized

  2. Soldiers in earthquake search and rescue

  3. Texas mourn for victims of explosion

  4. China’s weekly story ((2013.4.13-4.19)

  5. Children in quake-hit areas

  6. Seriously affected areas in earthquake

  7. Angry-birds-themed exhibition in Beijing

  8. Cultural relic sites damaged in Lushan earthquake

  9. Entrepreneurs see potential in market

  10. No new stimulus needed as economy remains stable

Most Popular

Opinions

  1. Homework, games limit kids' reading
  2. Commentary: Quake-hit China grows in pain
  3. Loan guidance is good for banks, report says
  4. IMF should act responsibly
  5. Terrorist attacks should not be regionally labeled
  6. Texas town: like whipped by powerful tornado
  7. High land premiums set to affect profits
  8. Alliance sets new stage for culture
  9. Expats reconsider living in Beijing over pollution
  10. Boston bombings underscore U.S. security concerns

What’s happening in China

Local villagers climb mountains to get relief supplies

  1. Shandong reports first bird flu case
  2. Rainfall poses new threats to quake-hit region
  3. When a helping hand is more of a hindrance
  4. Baby girl born in quake-hit Lushan County
  5. Volunteers' Engish classes in quake-hit area