WHILE Shanghai might be more open to trade than anywhere else in China, competition is fierce.
As Avi Nagel, from the China-Britain Business Council, warns: “There’s got to be a compelling reason to purchase your product.”
So, where do the opportunities lie?
Government body Invest Shanghai sets out for the Tribune where SMEs can make inroads:
- IT: Integrated circuits, next generation network comms etc
- Intelligent manufacturing equipment: Robotics, CNC machine tools and intelligent processing equipment, smart control systems and industrial software, sensors and 3D printing equipment
- New energy: Nuclear power, gas-electric and clean coal equipment, and distributed energy, wind and solar power, and smart grid apparatus
- Biomedical pharmaceuticals: Chemical and biotech drugs, modern traditional Chinese medicine, individualised diagnostics, and medical equipment
- High-tech ships and marine engineering
- Civil aviation and space information
- Energy conservation and environmental protection: High-efficiency energy-saving equipment and advanced environmental protection products
- New materials: Advanced base materials and key strategic materials