China offering plenty of opportunities for global firms


The city skyline of Chongqing. [Photo/VCG]

LONDON: China is offering plenty of opportunities for international companies to do good business, and the firms are taking up those opportunities, a British business leader says.

“What’s interesting is that the business leaders have gone to Beijing.

“And they realise that trade is still going on across the world, and that China is open for business in a very real way,” Stephen Perry, chairman of Britain’s 48 Group Club, told Xinhua during an interview.

“The world’s business needs China. And the world’s business will continue to find that China is a good place to be,” Perry said.

When asked about recent remarks made by some US politicians about the so-called “de-risking” from China, Perry said that “the United States is trying to find out why China has advanced faster than the US and how did the US with all the sophisticated capabilities get it wrong, and how did that happen.”

They have a tendency to blame the other person, he added. “I think that the Americans have found it easier to explain away the advances that China has made by demonising China.”

However, Perry said, “once you start blaming the other person, you’ll be getting to move away from reality. Once you move away from the realistic analysis of what’s going wrong, then you’re in trouble.”

“Whether one talks about ‘decoupling’ or ‘de-risking’ – whatever words one wants to use – the world has changed beyond all imagination,” he noted, adding that people who will lose most if the world is segregated into areas will be the West, as they will lose the best new markets in the world. — China Daily/ANN

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Censof to continue meeting evolving digitalisation needs
Berjaya Corp sells 4.14% stake in REDtone for RM29.76mil
OMH’s Sarawak smelter complex sustains minimal damage
Bright Meadow to acquire 59.88% stake in Mercury Industries for RM34.65mil
Johor Corp gets RM30.99mil integrated sustainable palm oil complex job
Ringgit slips against US dollar at the close
Master Tec 3Q revenue hits record high, declares 0.18 sen dividend
Nestcon bags RM31.6mil civil works contract
AWC bags RM48.57mil facilities management contract
Perak Transit explores new growth avenues

Others Also Read