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UK lures IT firms
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Alex Wang
A DELEGATION of senior executives of top local IT companies which are thinking of expanding or setting up overseas operations is leaving for Britain on Friday, it has been announced.
Invited and financed by Invest·UK, the British Government's main foreign investment agency, the delegation is the first sector-specific mission from China in three years, said Gareth Hoar, economic consul of the British Consulate-General in Guangzhou, who came to Shenzhen last Friday to brief the delegation and the local media on the delegation's itinerary.
According to Hoar, Invest·UK was the first foreign government investment agency to organize delegations from China, and the first two delegations in 1999 and 2000, respectively, covered a larger area and a wider range of industries, and members included Shenzhen's petrochemical and textile giants. As a result, two large-scale Chinese enterprises, Legend and Creat, have already set up subsidiaries in the UK.
This time, however, to get in line with the UK's endeavour to become a leading e-business centre and develop a high-tech knowledge economy, Invest·UK decided to focus on the IT sector, and so chose five local IT firms to explore investment opportunities in Great Britain, because, Hoar said, “They are at the forefront of China's technology development and are innovative and world-class in their field."
The delegation, including executives of China Great-Wall Computer Shenzhen Co Ltd, Shenzhen HuntKey-Xintaida Power Technology Co Ltd and SBS Science & Technology Co Ltd, will tour major industrial cities and burgeoning high-tech centres in the UK like Cambridge, Oxford and Swindon and investigate the business environment there.
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