UKTI / China-Britain Business Council Seminar
Opportunities in China’s ICT Stimulus Programme
Tuesday 13 October 2009, 10:00 – 12:00
China British Business Council, 1 Warwick Row, London, SW1E 5ER
Supported by: UK Trade & Investment and China-Britain Business Council
Jeremy Gordon – Business Specialist, UK Trade & Investment
Ting Zhang – CEO, China Business Solutions
Ralph Rogers – China Business Advisor, China-Britain Business Council
In November 2008 China announced a RMB4 trillion fiscal stimulus plan. Additional spending has since been announced with a total now in excess of RMB6 trillion. The ICT sector, as one of the 10 key sectors identified for reform, has been allocated stimulus funding of RMB600 billion.
The ICT sector will help China to develop its aim of climbing the value chain in the world economy, and of retaining more of the value derived from manufacturing (much of which, especially in the technology sector, is currently held, via IP and licensing agreements, by foreign firms). As a result it is a core part of China’s development strategy, as well as the fiscal stimulus planning.
The seminar will outline emerging opportunities in the Chinese ICT market, resulting from the stimulus spending, and will also introduce the support services available from UK Trade & Investment and the China-Britain Business Council.