'East meets East’ Chinese VIP Highlights Cambridge Investment Opportunities

From: Algorythm Solutions Ltd
Published: Thu Jan 06 2011

Mr Zhou Xiaoming, Minister Counsellor from the Chinese Embassy, came to Cambridge to look at inward investment opportunities with two of the city’s key sectors - Information and Communications Technology (ICT) and Life Sciences.

This visit formed part of the Minister Counsellor’s tour of the East of England. It also came as UK Trade and Investment (UKTI) in the East of England launched its 'East meets East' campaign, which aims to make more companies across the region aware of the wealth of export opportunities in Asia.

Mr Zhou Xiaoming started his day at Health Enterprise East (HEE), the NHS Innovation Hub for the East of England based at Papworth Hospital where he was able to find out about new product development and global licensing opportunities. His day also included visits to Cambridge Consultants and Innova Bioscience and finished with a tour of TWI, the Cambridge based centre of expertise on welding and joining of materials. TWI has many clients in China and TWI's friction stir welding is now used in the Chinese space programme and is seen as integral to China's developing aerospace and automotive sectors.

Speaking after the visit Mr Zhou Xiaoming, said: "Today’s visit has been extremely productive and I have been very impressed with the innovation, skills and entrepreneurship I have seen today in Cambridge. I am particularly pleased to hear about the strong links, which all the companies I have visited currently enjoy with China. This visit really confirms what an exciting place Cambridge is to do business with right now."

Vic Annells, International Trade Director for UKTI, said:
"Without question our relationship with China is vitally important - whether selling, trading, investing or franchising, China offers opportunities in abundance to UK companies, large or small. This year China also entered the top ten countries with which businesses in this region trades. Here in the East of England there is also great potential for Chinese companies, particularly within the ICT and Life Sciences sectors. I’m therefore delighted that over the next few days the Minister Counsellor will see first hand, investment opportunities within world class organisations like those he has met in Cambridge today.

"The rapidly expanding economies in China and Asia as a whole are providing a demand for local companies to grow and look at new export opportunities. With this in mind UKTI in the East of England is today launching a new campaign ‘East meets East,’ to encourage businesses in the region to consider this rapidly growing market."

Dr Nick Gee, Chief Executive Officer at Innova Biosciences, said:
"China is a major force in bioscience R&D and represents a significant growth opportunity for Innova Biosciences. With UKTI support, Innova made an exploratory visit to the country earlier in the year and we were delighted therefore to host the minister and to hear more about the opportunities in China for Innova’s pioneering bioconjugation technology." - www.innovabiosciences.com.

Mathew Taylor
Algorythm Solutions Ltd
10 Torkington St
Lincs, PE9 2UY
Company: Algorythm Solutions Ltd
Contact Name: Mathew Taylor
Contact Email: mtaylor@algorythmsolutions.com
Contact Phone: 07734032112

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