🔥 HOT TOPIC
🌞A short and simple summer edition of China Business Digest here, focusing on China’s post-Plenum path with uncertainties, challenges, opportunities and potentials if you can see them.
Observers outside China have been watching the Third Plenum of the Chinese Communist Party (CCP) 20th Central Committee that wrapped up on July 18 and studying the Resolution for directions and hints on future policy moves. The policy document illustrates a strategic roadmap for China in the next five years and beyond, prioritising long-term development and technological advancement over short-term economic fixes.
As an active player in the UK-China business space, Crayfish.iois paying particular attention to what the policy document says about the economy, science and technology, trade and finance, and healthcare. We noticed a strong emphasis on science, technological self-reliance, innovation as drivers of future growth, reforms on both the ‘pull’ and ‘push’ sides, i.e. gradual market-oriented adjustments and building a strong foundation for innovation.
Read our key takeaways here 👈
Further reading:
- Chinese officials expect bumpy ride for economy after policy meeting | Reuters
- China’s Third Plenum Embraces a ‘New Development Philosophy’ – The Diplomat
- Reform push buoys foreign enterprises – Chinadaily.com.cn
- The UK-China Inaugural Summer Conference | Region News | IoD
📰 CRAYFISH ACTIVITIES
July found some exciting happenings we’d like to share with you here 🔽
🎤Talking about growing your business in China
We launched a podcast-style offering to share our reflections and thoughts on how to grow your business in China as a UK company against the backdrop of a changing global economic and political climate. Our company Founder & CEO Ting Zhang talks with Geyang Huang, Director of Business Services about various aspects of doing business and succeeding in China, including sales and marketing, operations, some of the main barriers most frequently encountered by UK companies in their China business, and how to overcome those. Have a listen on YouTube or Spotify.
Ep. 1 Succeeding in China: Our Observations
Ep. 2 Succeeding in China: Our Approach
🤝 Roundtable with Chinese Ambassador HE Zheng Zeguang on UK/China Business Growth
Crayfish played a key role in making an Institute of Directors (IoD) event happen – the chief executives of eight UK SMEs sat down with the Chinese Ambassador and Minister for Economic and Commercial Affairs Mdm Bao Ling on July 26, 2024, to ask questions about new trends in the business environment and the policy ground in China, what does the Third Plenum mean for the UK-China business and investment, and the SMEs involved.
🚗 Visiting Anglia Components plc
We paid a visit to Anglia Components Plc, a leading independent, authorized distributor of semiconductors, optoelectronics, interconnects, passives, and electromechanical components based in Wisbech. Its operation in China focuses on inventory management, supply chain, and logistics support. What was special about this visit? Find out here.
EVENTS
📢 Growing your life sciences business, in China and the US
Join us at this exclusive face-to-face seminar for invaluable insights and strategies to navigate and thrive in the two largest healthcare markets in the world, China and the US. We are one of the proud partners of the event organised by Santander UK UK. This promises to be a fantastic opportunity to meet the organisers and its ecosystem of international providers.
⏰ 24 days to go! – Sign up for Cambridge Tech Week with Crayfish’s special discount code
Cambridge Tech Week is less than a month away, Sept. 9 -13. Don’t miss this great opportunity to learn about the latest tech innovations, gain invaluable insights from industry leaders and insiders, discover promising start-ups, and expand your business network while meeting a global tech audience. As an official CTW24 partner, we are happy to extend our special 15% discount code CTW24CRAY15 to our newsletter subscribers. Sign up today and enjoy the discount before all spaces are gone!