Projects worth Euro20bn on offer in China

London - China is continuing to look outward for project partners to aid its further economic expansion. The variety and scale of China’s current industrial needs offer major business opportunities for companies seeking entry into this huge market and to establish stable platforms for sustainable future growth in the world's fastest growing major economy.

Hoping to dispel the myth that winning business in China is too difficult and complex for most enterprises to engage in, Montgomery Gray Events is organising Business in China, a European procurement summit. Business in China, to be staged at the 10,000sqm Berliner Congress Centre, Berlin, 28-29 May 2008. The event, which is supported by the UK’s CBI and Germany’s Berlin Partner, is intended to bring Chinese and European industry decision makers together in an interactive marketplace designed to simplify and foster mutually beneficial introductions.

"Bringing together over 300 projects worth more than Euro20bn from 10 of China’s most rapidly developing and outward looking provinces, the Business in China procurement summit will provide a vital bridge for companies making their first foray into China, and a potential point of expansion for those European companies already doing business there," the organiser states.

The event, at which there will be places for 800 delegates only, is being organised in conjunction with 10 supporting sub-councils of the China Council for the Promotion of International Trade (CCPIT) - China Chamber of International Commerce (CCOIC), the Chinese government body that has confirmed the validity, scale and quality of the projects that will be offered for tender in Europe.

The CCPIT is bringing 200 senior government and industry leaders to Berlin to discuss and negotiate the ‘live’ projects being tendered. Project sectors range from automotive to agriculture, construction to chemicals, energy to electronics, infrastructure to information technology transport to telecoms and textiles, and plastics to pharmaceuticals.

According to Richard Lambert, director general, CBI: “China is doubling its world trade every three years and, while UK imports from China total nearly £6bn, its exports to China amount to only £1bn. Importantly, China is a rapidly growing market for the value-added goods and services that British companies are more than capable of delivering. Consequently we hope that the Business in China event will encourage more of them to engage with this fast growing economy.”

Delegates from European companies will receive a personal pre-event planner that will match their requirements and schedule private meetings with appropriate Chinese commercial and government representatives. These meetings will be based on predefined criteria such as industry sector, budget, objectives, capital and corporate strategy, ensuring the most constructive use of time.

Moreover, running concurrently with the planned procurement meetings will be a conference programme providing insights into key elements of doing business in China and a series of seminars focused on specific industry topics. Additionally, delegates from each of China’s participating regions will give a brief regional profile that will include its business track record, capacity for investment and a summary of its current projects for which foreign partners are being sought.