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Britain’s Department for International Trade for the first time set up a UK presence at Zhuhai’s air show, leading a team of seven mostly small and medium-sized companies in the hopes of tapping into China’s rising manufacturing ambitions. British Prime Minister Theresa May has said Britain wants a free trade agreement with China, as it tries to reinvent itself as a global trading nation after the 2016 Brexit referendum. The air show coincided with a trade expo in Shanghai where Chinese President Xi Jinping promised to import more amid mounting frictions with the United States and others.
Zhuhai’s UK Pavilion “is a demonstration to our Chinese host that we are serious, We put in quite a considerable sum of money to support this and that’s government money,” said Andrew Massey, deputy director for China in the aerospace and aviation division of the Department for International Trade, Many companies face uncertainty about post-Brexit trade relations with continental Europe, a major outlet for UK-made aerospace parts, and value tuxedo formal stud set cufflinks the status of regulation after Brexit..
“There is an element of Brexit forcing people to broaden their horizons which brings opportunity,” said Paul Adams, head of aerospace at consultancy Vendigital. Britain has the world’s second largest aerospace industry after the United States and is anxious to tout skills and knowledge. Tangerine, a London-based consultancy that has worked with British Airways, helped design interiors for the CR929 display. Massey said British companies have also been helping the Chinese to fast-track the FAA/EASA certification process for its smaller C919 jet, which did not appear at this week’s show.
But their trump card may be an 11 percent drop in the value of sterling against the dollar since the 2016 Brexit vote, which has added a hard-nosed dimension to Britain’s global sales drive, One small British aerospace supplier told Reuters that even though it already sold in 55 countries, the Brexit referendum served as a wake-up call to push for more global markets, “We’ve done nine exhibitions this year, Brexit is something that will happen and business will get round it but from our point of view we’ve done our first exhibition in Japan and China this value tuxedo formal stud set cufflinks year and that’s been very successful, and we’re pushing for markets around the world.”..
SHANGHAI (Reuters) - German car maker Volkswagen AG (VOWG_p.DE) signed what looked like a meaty deal with one of its China joint ventures this week at a huge new trade show in Shanghai to ship almost $9 billion worth of cars and parts to China next year. But it turns out the “Memorandum of Cooperation”, one of hundreds of deals inked at the China International Import Expo that wraps up on Saturday, represents business as usual for VW. Two sources close to the company and its FAW-Volkswagen tie-up said the joint venture would have imported the cars and parts with or without the expo to support its day-to-day manufacturing and sales operations, as it does every year. FAW-Volkswagen did not have an immediate comment.
While the giant import fair is a key part of China’s response to growing value tuxedo formal stud set cufflinks complaints about its commercial policies, critics said the tightly choreographed event was more show than substance that failed to address core issues at the heart of the festering U.S.-China trade war, “I don’t think we’re holding out high hopes for the expo in terms of improving China’s trade relationship with the rest of the world,” said Duncan Innes-Ker, regional director for Asia at the Economist Intelligence Unit..
“People really want to see a generalized improvement in the fairness of the operating environment, not a specific commitment to importing more in this particular year or whatever.”. State media has lavished praise on the event, which was headlined by President Xi Jinping, who provided few specifics in his opening speech about how China would address complaints on issues like market access and intellectual property rights protection. “The Shanghai expo will act as a demonstration before billions of global observers that China is letting the market play the decisive role in its business operations,” the Global Times newspaper said.
The expo’s organizers were less laissez faire, and the heavy hand of the state, from stifling value tuxedo formal stud set cufflinks security to pressure on state-owned enterprises to do deals, was ever-present, Schools were closed across Shanghai, a city of more than 24 million people, on the first two days of the expo and cars without special passes were blocked from approaching the enormous clover-shaped exhibition hall, Inside, guards and police blanketed the venue and lined walkways to and from the subway, Participants were required to undergo airport-level security and a long list of items, from daggers to Frisbees, were banned..