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11th Annual Conference in London, 13th and 14th November 2006 |
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Eastern opportunities China and India bring a variety of new possibilities for corporate development. Vital conditions are flexibility and ability to respond positively to market conditions that are different to those in Europe, but are starting to converge. |
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Rea says entrepreneurs may 'vote with feet' “We have no pre-ordained right to the lifestyles we enjoy in Europe. If governments make entrepreneurs’ lives difficult, we international citizens vote with our feet. Too many obstacles to business will drive manufacturing out of Europe and into countries like China. Twice in world history China has been the No. 1 economy, and it looks as though that will happen again in 2020.” |
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Aesseal ‘surprise’ in China “Aesseal will be a lot more successful in China than in India. We have built a $4 m business with a surprising and increasing level of sales mainly out of production in Rotherham – despite our prices being 3 to 4 times higher than comparable Chinese products.” Rea's hopes for No.1 spot "With our knowledge of sales and marketing, we can be No.1 in the Chinese market place. Our plan in China is to build up to $40m sales in China by 2015 with a sales force of 600 people.” Rea sees changing Chinese stance on IP “There is no respect for intellectual property at present in China. But as China moves more up the IP chain, this will lead to more Chinese respect for other people’s IP.” |
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 Banker urges company education investment
Jack Wigglesworth, Chairman, London Asia Capital plc “We are going to have to increase substantially education in investment in China. There is a lot disparity, but we know about that in the UK too. The City of London, the richest municipality of Europe, is next to Hackney and Tower Hamlets, which are the poorest. Educating companies is an area of increasing investment.” |
 Patel underlines fast R&D corporate cycles
Sarika Patel, Director of Enterprise and Technology, Grant Thornton UK “We are living in an age when many companies in the high tech area derive their main sales at the end of the year from products that were not on the market at the beginning of the year. London can play a leading role as a centre of scientific excellence in Europe-Asia trade and investment.” More |
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Li-Thomalla: Napoleon was right on China 'volcano'
Dr.-Ing. Hong Li-Thomalla, Senior Consultant, Pfleiderer Track Systems “China is creating technology through know-how transfer. The education system offers creative individual development. Napoleon said ‘China is sleeping, but when it awakes it will shake the world.’ Napoleon was right. China is a volcano.” More |
Desai calls India to overcome illiteracy
Prof. Lord Meghnad Desai, London School of Economics “India has to overcome its illiteracy problem. I say India should purchase and not provide education. The critical point is to provide independent thinking. No-one is going to pay money for what you can find out at home by going through Google.”
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