Category Archives: Accurate China Insight

Accurate China Insight: Chinese Vice Premier Ma Kai to pay official visit to Ireland

Chinese Vice Premier Ma Kai will pay official visit to Ireland early in the week of 27th October 2013

A “princeling” (his father was a Minister of Finance and Trade), Shanghai born Ma Kai is a Wen Jiabao protege, and 4th ranked of the 4 vice ministers, will arrive in Dublin next week for talks with Eamon Gilmore “Irelands deputy prime minister (Source / read more: http://news.xinhuanet.com/english/special/18cpcnc/2012-11/15/c_131977291.htm)

According to Bloomberg (Source: http://www.bloomberg.com/news/2013-03-16/who-s-who-in-china-s-new-government-leadership-lineup.html) Vice Premier Ma is “..one of the top officials in charge of running the world’s second-biggest economy”..

What agreement will Ireland's Deputy Prime Minister Eamon Gilmore ( An Tanaiste) be signing when Chinese Vice Premier Ma kai comes to town?

What agreement will Ireland’s Deputy Prime Minister Eamon Gilmore ( An Tanaiste) be signing when Chinese Vice Premier Ma kai comes to town?

Recently he has been very much at the forefront of EU-China dialogue:

  • Prior to his visit to Ireland Vice Premier Ma is leading the Chinese delegation at the fourth High-Level Economic and Trade Dialogue taking place today in Brussels to discuss trade and investment frictions.
  • Last week he also co-hosted with Chancellor George Osborne the recent 5th UK-China Economic and Financial Dialogue at which London’s role as a global offshore hub for RMB trading and consequently a hub for RMB investment into China were strengthened.

On his visit to Ireland Vice Premier Ma will possibly be accompanied by Trade Minister Gao Hucheng and it will be interesting to see whether the potential for cooperation with our own financial sector, as in IFSC, is raised in deliberations with their Irish counterparts. Or perhaps in the face of moves towards EU tax harmonisation and recent coups regarding London’s role as a global offshore hub for RMB trading the Chinese no longer view the IFSC offering as being attractive, if they ever did.

Is Ireland's IFSC an attractive investment proposition for China's financial institutions?

Is Ireland’s IFSC an attractive investment proposition for China’s financial institutions?

Source: http://www.accuratelimited.com/blog.view.php?id=HRIh4I2qAKE=

Niall O’Reilly

Managing Director, Accurate Group Ireland China Market Makers (Route to Market, Export, Import, Partner Due Diligence)

Website: http://www.accuratelimited.com

Twitter: @AccurateChina

China Office : Niall O’Reilly, Accurate Group China 1-3 Ying Hui Xing Zhou, Jiang Nan Shui Xiang Lian Sheng Road, Yu Hang District, Hangzhou. China 310023| O: +86 571 8709 1253

Ireland Office: Niall O’Reilly, Accurate Ireland 93 Upper Georges Street, Dun Laoghaire, Dublin, Ireland| O: +353-1271-1830

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Accurate China Insight: China business scam – Beware of unusually large Purchase Orders

A growing number of small to medium sized companies both in the Republic of Ireland and in Northern Ireland have recently contacted Accurate Group to seek our assistance in verifying the existence of China-based companies (many of which are operating out of the Shenzhen area of Guangdong Province) with generic names such as Brightway, etc., that are sending unanticipated, yet conceivable (and therefore tempting), large purchase orders, with attractive upfront payment terms of up to 50%. Following minimal correspondence, the Irish company contact (usually the Managing Director) is invited to travel to China to sign a contract. However, once in China visiting buyer’s office (which appears to be legitimate, but is merely a respectable cover for a criminal activity), and the initial deposit is due, the seller is asked to pay upfront half the bank fees for the transfer, or a commission in cash. Upon return to Ireland the seller will find no initial payment has being transferred and the party they have been communicating with has disappeared as has any cash they have been paid.

Accurate China Insight - China business scam -Beware of unusually large Purchase Orders

The Irish company usually contacts Accurate after a number of email exchanges with the Chinese company, which points to a level of sophistication on the part of the Chinese entity. They have done their homework and know industry specific terminology across a range of sectors including renewables, electrical filaments, and animal feed.

DON’T BE FOOLED BY SUCH SCAMS

  • If the size of the P.O. from a company in China you’ve never heard of reads too good to be true, that’s because it is!
  • There are easier ways to win in China. If you have never dealt with a Chinese company and just want to be sure they are bo na fide then you should contact a long-term hands-on Ireland China business consultancy with offices and Chinese speaking staff on the ground in China.  As veterans of doing business in China, an Irish China business consultancy, knowing the wily tricks played by Chinese companies, can be of invaluable assistance when verifying the true credentials of a Chinese buyer, supplier or business partner

… and, assuming, the Chinese prospective (product buyer, supplier, partner) company is genuine, an Irish China business consultancy can help you to negotiate and make the sale!

  • Never travel to Company to meet a company without verifying the integrity of the product buyer, supplier, or partner company that has invited you to visit them. In any case such a company will need to supply you with a Letter of Invitation (chopped / stamped with the official Chinese company name – any company doing business in Mainland China should be properly legally established [such as a company, a rep office, a branch, etc.] for tax and invoice issuing purpose), which you need to provide to your local Chinese Embassy when applying for a China entry visa. 
  • Even if you have received a contract in English, assume there is always a contract in Chinese. Ask for a copy and have if verified to ensure that contracts are exact copies of each other.

Incidentally it’s not just small and medium companies who fall prey to sophisticated China scams. No company doing business in China is immune: Look at what happened to Caterpillar who recently had to write off most of a China deal after uncovering “deliberate, multi-year, coordinated accounting” fraud (Source:  http://www.reuters.com/article/2013/01/19/us-caterpillar-siwei-idUSBRE90H1C520130119)?

Do note that these kinds of difficulties are experienced by very few Irish companies doing business in China. Follow your gut instinct, use commonsense and take the same precautions as you would doing business anywhere else.

Accurate China Insight - China business scam -Beware of unusually large Purchase Orders 2

Source: http://accuratelimited.com/blog.view.php?id=t8/dwXC9GMw=

Niall O’Reilly

Managing Director, Accurate GroupIreland China Product & Business Development (Export, Source, Import, Partner Due Diligence) Consultants doing business in China for over 24 years

China Office : 1-3 Ying Hui Xing Zhou, Jiang Nan Shui Xiang Lian Sheng Road, Yu Hang District, Hangzhou. China 310023| O: +86 571 8709 1253

Ireland Office: 93 Upper Georges Street, Dun Laoghaire, Dublin, Ireland| O: +353-1271-1830

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New leaders of the Catholic Church and China, Pope Francis and Xi Jinping, have much in common, but little prospect of reconciliation


Change at the helm – New leaders of the Catholic Church and China, Pope Francis and Xi Jinping, have quite a bit in common

Habemus Papam (We have a Pope!) 我们有一个新主席 (We have a new President!)

Within 24 hours of each other two men assumed centre stage as leaders of the two greatest populations on our planet: In the Sistine Chapel Pope Francis – Jesuit Cardinal Jorge Mario Bergoglio of Buenos Aires – was elected the 266th pope and head of 1.2 billion Catholics (and Sovereign of the Vatican State), while inside Beijing’s Great Hall of the People Chinese Communist Party (CPC) leader Xi Jinping became the seventh President of the People’s Republic of China, ruling over 1.4 billion people.

China and the Vatican have had no official relations since 1951 – for 71 years, the Vatican has maintained diplomatic relations with the Republic of China, as Taiwan is formally known – and yet even with the uneasy relationship between China and the Catholic Church both newly appointed leaders actually have quite a bit in common. For instance:

  • Pope Francis and President Xi JinPing will rule over populations experiencing remarkable transformation, in which ‘21st century’-minded reformists and historical followers are losing faith – growing increasingly skeptical and critical of what they view as obsolete and outmoded traditional methods of governance and doctrine. However, there are still many conservatives within the Catholic Church and China who for the most part are opposed to reform, preferring to maintain the status quo and keep things the way they are.
  • Pope Francis and President Xi JinPing will lead hugely powerful and rich institutions whose very raison d’êtres are concern for the marginalised and disadvantaged, but whose supporting structures benefit from levels of advantage undreamed of by most of those they are meant to be serving. Both therefore want to be seen as thrifty, humble and genuinely concerned with the plight of the vulnerable and tackling the causes of poverty. 

– By choosing the name synonymous with the self-denial and poverty of the revered 13th Century preacher and friar, Italy’s patron saint Saint Francis of Assisi, Pope Francis, the son of an immigrant railway worker, already known for his humility, selflessness, and championing of the poor and vulnerable, signaled his intention to place the plight of the poor and marginalized at the heart of his papacy.  

– Despite his celebrated family ties to the CPC hierarchy, being the son of veteran revolutionary Xi Zhongxun (the reforming architect of China’s Special Economic Zones), at the age of 15, during the tumultuous Cultural Revolution he was part of a work brigade sent down by the CPC to the countryside village of Liangjiahe, an insignificant cave dwelling community located in remote and desolate yellow soiled mountains of Shaanxi province in northern China, to serve and learn from the grassroots. There he made a cave his home, patiently “ate bitterness (吃了苦头like the rest of us (villagers)” Source: http://articles.latimes.com/2012/feb/11/world/la-fg-china-xi-20120212 , and laboured the yellow earth for seven years. Aligned with his rise as paramount leader, Xi Jinping has gone to considerable lengths to reconnect with such formative years by cultivating an image as a man of the grassroots who prefers frugality, humility and self-reliance.  Recently, in the run-up to his inauguration as President he vehemently spoken out against extravagance while underlining the need to close China’s yawning income disparities and pull its poor people out of poverty.

Change at the helm – New leaders of the Catholic Church and China, Pope Francis and Xi Jinping, have quite a bit in common

Pope Francis I – Back to core values: Emphasis on the poor and doctrinal conservatism

  • Pope Francis and President Xi JinPing both need to address damaging scandals caused by abuses of power and discord among their membership ranks that threaten the very fabric of their organisations.  Pope Francis needs to tackle the series of detrimental moral and financial disgraces involving the Vatican administration, Cardinals and other clerics that have afflicted the Catholic Church for years. Xi Jinping’s pressing task is to tackle unchecked corruption among officials that is eroding trust and belief in the CPC. Leadership changes at the top of Catholic Church and CPC have raised the hope that at last meaningful reform and revitalization is on the way. The future cohesiveness of both organisations lies in whether Pope Francis and Xi Jinping can successfully reverse the rot.
  • Pope Francis and President Xi JinPing are both known to be unwavering traditionalists on key issues. 

– Moderate Catholics hoping the church under the guidance Pope Francis will modify its social views in accordance with their own beliefs will have to wait much longer. The new Pontiff is an explicit opponent of contraception, women priests, clerical celibacy, and gay marriage, the latter which he considers “an attempt to destroy God’s plan”. Source: http://www.irishtimes.com/news/social-affairs/religion-and-beliefs/first-pope-from-the-americas-francis-raises-hopes-of-change-among-faithful-1.1324325

– Those amongst the burgeoning middle classes in China who like to think that Xi Jinping’s accession to the seat of power is going to result in a wave of political reforms will be sorely disappointed. Holding a doctorate in Marxist theory and ideological education from Tsinghua University’s School of Humanities and Social Sciences, and as a former President of the CPC Central Party School, Xi Jinping is believed to hold much more conservative views than his father Xi Zhongxun (who expressed his opposition to the nature of the Tiananmen Square massacre of 4th June 1989), a supporter of former ‘liberal’ CPC General Secretary Hu Yaobang. In speeches Xi has frequently called on rising cadres to immerse themselves in Marxism-Leninism and Mao Zedong Thought, declaring that political morality, “Marxist rectitude” and loyalty to the CPC are more important than professional competence. Source: “PLA Gains Clout: Xi Jinping Elevated to CMC Vice-Chairman,” China Brief, October 23, 2010. He was also an avowed supporter of the ‘Chongqing Model’ for upholding “core socialist norms”. Source: People’s Daily, December 13, 2010; Sina.com, December 10, 2010. [Note: The Chongqing Model was the series of social and economic policies adopted by Bo Xilai, the Chongqing CPC Chief, which epitomised increased state control and the promotion of a neo-leftist ideology. Following Bo’s removal in March 2012 the policies were either discontinued or scaled back.]

  • Pope Francis and President Xi JinPing were appointed to power through a guarded process in which the only persons who were allowed to participate were old men who are fully dedicated to the cause they stand for.

In terms of the likelihood of the Vatican one day switching its affiliation to Beijing, the similarities between the two established leaders as described above are cosmetic at best. Despite the growing appetite for spiritual values within mainland China’s officially atheist population, there is little prospect the CPC will recognise a foreign pope, rather than the secular Chinese Catholic Patriotic Association, as the leader of all Chinese Catholics.  Besides faced with momentous internal challenges both the Pope Francis and President Xi Jinping will be too focused on ensuring the survival and prosperity of their own increasingly unmanageable institutions to care.

Source: http://www.accuratelimited.com/blog.view.php?id=7Mnfy0l093k=

Additional source:  https://nialljoreilly.wordpress.com/2008/06/29/hangzhou-reflections-the-hangzhou-catholic-church-the-most-church-beautiful-in-china/  is an article about the Chinese Catholic Patriotic Association and the Catholic Church of Our Lady Of The Immaculate Conception in Hangzhou.

Change at the helm – New leaders of the Catholic Church and China, Pope Francis and Xi Jinping, have quite a bit in common

President Xi Jinping – Back to core values: Emphasis on the poor and doctrinal conservatism

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Accurate China Insight: Preparing for Marriage – Ireland to use EU Presidency to lay groundwork for negotiating landmark EU-China Free Trade Agreement?

…..Or at least that’s what reading between the lines would appear to reveal as being the over-riding objective. Today in an address to the European Parliament’s International Trade Committee Richard Bruton TD, Ireland’s Minister of Jobs, Enterprise and Innovation,  stated:

“..It was evident at the last Summit that there is considerable richness and potential in our relationship with China. We would like to prepare the ground for the next summit so that the conditions would be ripe to launch negotiations for a landmark investment agreement with market access..”

[Source / read more: http://www.4-traders.com/news/Department-of-Jobs-Enterprise-and-Innovation-of-I-Opening-Remarks-by-Minister-Richard-Bruton-TD–15961031/]

The paragraph immediately preceding this statement refers to FTA [Free Trade Agreement] negotiations with Japan and India, while further down in his speech the Minister speaks of FTAs with individual ASEAN members. 

While the specific language used in relation to China talks about “…a landmark investment agreement with market access..”, given the overall context in which the speech was made, the implication is clear – an FTA between the EU (European Union), China’s largest trading partner, and China is the ultimate goal. Such an objective marks a hugely significant turning point in the development of the EU’s China engagement strategy: Marriage is on the cards.

The visit to Ireland in February 2012 by paramount leader General Secretary Xi Jinping, which was hastily followed up by Irish Prime Minister, Taoiseach Enda Kenny‘s return trip to Beijing the following month, not only demonstrates that China, the EU’s second largest trading partner, would make for an eager marriage companion, but it also signifies China backing for Ireland’s unilateral embracement of the role of EUChina marriage maker as a key feature of its Presidency of the Council of the European Union.

Given Minister Bruton’s speech to European Parliament’s International Trade Committee, the acknowledgement by General Secretary Xi Jinping at his March 2012 reunion with Taoiseach Enda Kenny in Beijing that …

“… The development of China-Ireland relations can serve as a driving force in boosting China-Europe ties..”

[Source / read more: http://www.irishtimes.com/newspaper/breaking/2012/0326/breaking59.html]

…would appear to be prophetic indeed.

Going forward, Ireland’s eager and unilateral adoption of the role of ‘marriage maker’ would seem to indicate a future political relationship with Beijing deriving far more economic benefit to the country than its trading relationship.

Meanwhile, as mentioned in the Accurate China Insight dated 21 November 2013 http://www.accuratelimited.com/blog.view.php?id=ITvZZdNpXFs= all augurs well for Chinese President-designate Xi Jinping‘s return to Ireland in June 2013.

As noted in the Accurate China Insight dated 20th November :

“…Ireland’s Presidency of the Council of The European Union provides a fantastic opportunity for Ireland to yet again punch above its weight in the eyes of China’s leaders and media……. Moreover, EU-China -related summits in Ireland will provide Europeans with their first real chance to measure the mind-set of China‘s new leadership towards its biggest trading partner…”

[Source / read more: http://www.accuratelimited.com/blog.view.php?id=+8G9kXqGg28=]

Accurate China Insight: Ireland to use EU Presidency to lay groundwork for negotiating landmark EU-China Free Trade Agreement?

From engagement to marriage: Ireland takes on the role of EU-China marriage maker

Sources: Accurate China Business Services:  http://www.accuratelimited.com/blog.view.php?id=dOanRm3VH+U=

https://nialljoreilly.wordpress.com/2011/10/14/should-the-ireland-propose-a-free-trade-agreement-with-china/

Niall O’Reilly

Managing Director, Accurate Group – Ireland China Product & Business Development (Export Sourcing Import) Consultancy

Accurate China Insight (1) http://www.accuratelimited.com/blog.php  

Accurate China Insight (2)  

Tel:  Dublin, Ireland +353 1271 1830 /  Hangzhou, China +86 152 5719 4468   

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Accurate China Insight: How much does a China sourcing consultancy typically charge in fees or commission for supplier identification, negotiating, inspecting, and product shipment?

It’s unlikely you will receive a public declaration of charges by a ‘consultancy‘, which is akin to asking how many drops of water are in a bucket. Charges (whether hourly, fixed fee, or on a commission basis) can vary that much.

If you think it’s expensive to hire a professional consultant to advise you on doing business in China wait until you hire an amateur to do the job

“If you think it’s expensive to hire a professional China business consultant to advise you wait until you hire an amateur to do the job”

Here in China many dubious consulting companies claim to offer the services you require, so the first box you need to tick is making sure the sourcing consultancy you eventually work with can reduce your overall costs, reduce your time to market, and improve the quality of your product, thus making the charges worth it. Actually, the sourcing consulting company should be able to save you and your company money overall, even with their charges.

In general, experienced and reliable sourcing consultants, who are not ‘fly by night,’ should make the overall supplier identification, negotiation, inspection and shipping (product import) processes faster, cheaper, and result in better quality control.

Simply put, when it comes to separating fact from fiction says Niall O’Reilly, a China business consultant with over 24 years ‘on the ground’ China business experience:

“If you think it’s expensive to hire a professional China business consultant to advise you wait until you hire an amateur to do the job!”

Accurate Group an Ireland and China-based business advisory and sourcing consultancy dedicated to building new opportunities for foreign businesses in China

“要知道怎样前面的路怎么走,最好问从前面返回的人” “To know the road ahead, ask those coming back” (Chinese Proverb)

So you may now be asking yourself “how do I distinguish average sourcing consultants from the professional?”

The average sourcing consultancy will only contact factories and manage communication between you and the factory…and little else.

The best professional sourcing consultancy will employ its considerable experience to evaluate the strategy of your company and engage in a strategic sourcing process that ensures your particular company needs are met. They will not only manage communication with factories in China, but they will anticipate potential risks, and either resolve the problems or develop contingency plans for such issues before they occur. If unforeseen problems do occur, and here in China they will occur, the sourcing consultancy is there to solve the problem and improve procedures so it is controlled in the future.

The Chinese Proverb “一分钱一分货” (pronounced “yi fen qian, yi fen huo”), which translates literally as “one cent gives you one cent’s worth of goods”, succinctly sums up the answer: “you get what you pay for”!

Source: Accurate China Blog – http://www.accuratelimited.com/blog.view.php?id=aFcU1cUL1jw=

Accurate China Business Advisory and Sourcing Consultancy: 24 years "on the ground in China"

Accurate Group is an Ireland and China-based business advisory and sourcing consultancy dedicated to building new opportunities for foreign companies in China

So here is a public declaration of Accurate Group’s consulting fees: We have a basic charge for the opening consultation and initial advice. Thereafter, for a formal engagement our fees are structured according to our clients  specific requirements.  The fee arrangements can be hourly, contingency, flat-fee, or commission-based.

Niall O’Reilly

Managing Director, Accurate GroupIreland China Product & Business Development (Export Sourcing Import) Consultancy

Tel: +353 1271 1830 / +86 152 5719 4468

http://www.accuratelimited.com

This Accurate China Insight originally appeared in the Hangzhou Business Network (HBN) forum: 

http://www.linkedin.com/groups/Hangzhou-Business-Network-HBN-803177/about?trk=anet_ug_grppro

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Accurate China Insight: Ireland’s Presidency of the Council of The European Union to further enhance Chinese ties

Commencing in January, for the first half of 2013, Ireland‘s Presidency of the Council of The European Union provides a fantastic opportunity for Ireland to yet again punch above its weight in the eyes of China‘s leaders and media.

Ireland's Presidency of the Council of The European Union to further enhance Chinese ties

Moreover, EU-China -related summits in Ireland will provide Europeans with their first real chance to measure the mind-set of China‘s new leadership towards its biggest trading partner.

Hopefully the relevant agencies Tourism Ireland, Bord Bia, Enterprise Ireland, Industrial Development Authority of Ireland (IDA), etc., have given due consideration to the huge marketing potential this unique six month long occurrence offers.

Following on from a very successful trip to Ireland in February 2012 by the incumbent General Secretary of the Communist Party of China, China’s paramount leader Xi JinPing, expect an enduring stream of visits by Chinese leaders and media to our shores, wowed by loads of Irish hospitality (whether a caman, sliotar, bodhran, uilleann pipes, Irish coffee, Guinness, visits to Irish farms), intertwined with stunning rustic backdrops, a clear understanding of what Ireland has to offer as world-class centre of excellence in sciences, software and telecoms, financial and education services, and in terms of investment and Euro Zone access opportunities for Chinese companies: All aimed at ensuring their visits to Ireland will be in their minds for a very long time when they return home to China.

Source: http://www.accuratelimited.com/blog.view.php?id=+8G9kXqGg28=

Chinese Government officials relaxing at O'Donoghue's Pub Merrion Row Dublin - Accurate Group - Ireland China Business Consultancy

Niall O’Reilly

Managing Director, Accurate GroupIreland China Product & Business Development (Export Source Import) Advisers

Tel: +353 1271 1830 / +86 152 5719 4468

http://www.accuratelimited.com

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Accurate China Insight: Plenty of concealed intrigue as CPC Central Committee convenes to plot China’s ideological course

Outgoing President Hu Jintao‘s anointed successor Vice-President Xi Jinping (whom President of Ireland, Mary McAleese met in June 2010) is still considered to be on track to take over as China‘s next leader.

While no reason to assume anything other than a peaceful transition to the fifth leadership generation, it’s certainly a time of political infighting, not just in Beijing, but all over China, the various party ideology and interest cliques, and there are many, all jockeying for position and influence, using state media to subtly draw attention to their disparate agendas.

The Sixth Plenary Session of the 17th Central Committee of the Communist Party of China (CPC) from the 15th to 18th of October is the most important meeting of the year. According to local media, this year’s gathering is focusing on “proposing new ideas for reform and development culture into the 21st century” (http://roll.sohu.com/20111016/n322327334.shtml) and maintaining social unity at a time of rising inflation, slowing economic growth, and over half a billion people using the web -the perfect theme for pitting reformist and leftist factions against each other.

Accurate China Insight - Sixth plenary session of the 17th Central Committee of the Communist Party of China -CPC- in Beijing, capital of China October 15 to 18 2011

Over the past few weeks leftist criticism of China’s current and future direction has been more marked in state media, for instance, highlighting the excesses of runaway capitalism in the Zhejiang city of Wenzhou (which is dealing with a subprime loan crisis of sorts). Meanwhile, last month Li Changchun, Chairman of the CPC Central Guidance Commission for Building Spiritual Civilization, China’s propaganda czar who visited Ireland last year, was warning that China needs to do much more to guard against destructive western influences.

The following article from The Sydney Morning Herald (http://www.smh.com.au/world/chinas-princelings-break-their-silence-20111016-1lrkh.html) about a recent get-together of elite children of present and former leaders provides an intriguing insight into how ‘The Princelings‘ are “networking and rallying to influence personnel and ideology ahead of Mr Xi“, many united in the belief the Communist Party has “lost its way“.

Sources:
http://www.accuratelimited.com/blog.view.php?id=zmY7N//ToyY=

Niall O’Reilly

Accurate Ireland – China Products & Services Sourcing | Business Development Consultancy

Tel: +353 1271 1830 / +86 15257194468

http://www.accuratelimited.com

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Accurate China Insight: How many people from Ireland are living and doing business in China?

As a Chinese language student studying in Beijing in 1989 I recall when all 8 members of the Irish community living in Beijing were evacuated by the Embassy to the safety of Hong Kong, following the June 3rd / 4th massacre in Tiananmen Square. It was a time when down in Shanghai the view from ‘The Bund’ (Wai Tan) across the Huangpu River to Shanghai’s Pudong district offered little more than a jumble of old low-rise warehouses, residential units and farming lots. Foreigners were few and far between. Living in China was considered at best a hardship posting.

Accurate China Insight - Irish population in China

Now, following the establishment in China of close to 150 Irish-owned business operations led by Glen Dimplex, CRH, Treasury Holdings, PCH and Kerry Group, etc, an influx of teachers from Ireland to teach English, and Irish graduates attracted by the growing range of job opportunities on offer to Irish candidates, the number living and working in China (including Hong Kong and Macau) has increased to at least 3,000 Irish citizens (Source: http://www.thepost.ie/themarket/china-in-your-hands-54873.html), an estimate, based on the numbers of citizens registered with the Embassy in Beijing and Consulate in Shanghai, and the volume of consular business (including passport applications, other document applications and consular assistance) conducted.

However, this number is likely to be at the low end of the spectrum simply because:

  1. there is no obligation on Irish residing in China to register with the Embassy and Consulate; and
  2. many Irish scattered across China in cities such as Hangzhou, Urumqi, Changchun, Chengdu, Shenzhen, Shenyang, Dalian, Ningbo, Qingdao, Tianjin and Xiamen, etc., probably haven’t registered with the Embassy or Consulate.

The total number of foreigners living in China at the end of 2010 was about 600,000 people according to the latest Population Census. According to the Xinhua News Agency:

the top three home countries of the foreigners were the Republic of Korea (ROK), the United States and Japan. Among the foreigners living on the Chinese mainland, 56.62 percent or 336,245 were males and 43.38 percent or 257,587 were females”.

Note: The Embassy and Consulate are restricted in law in how the citizens register is used and cannot make it available outside the Embassy and Consulate. The more people who register with them the more accurate the estimate can be.

Sources:
The Sunday Business Post-

http://www.thepost.ie/themarket/china-in-your-hands-54873.html

Xinhua-

http://news.xinhuanet.com/english2010/china/2011-04/29/c_13851456.htm

Accurate China Blog http://www.accuratelimited.com/blog.view.php?id=1whhJh5C+5Y=

Niall O’Reilly

Accurate Ireland – China Product & Business Development (Export Sourcing Import) Consultancy

Tel: +353 1271 1830 / +86 15257194468

http://www.accuratelimited.com

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Accurate China Insight: ‘China’s business gateway to Europe’ – Is Ireland’s idea of ‘China Engagement’ self-deluding?

The future success of Ireland's China engagement policy lies in embracing bold initiatives that stand out from the crowd.

The future success of Ireland’s China engagement policy lies in embracing bold initiatives that stand out from the crowd.

In light of the growing realisation, as highlighted in Eddie O’Connor’s (Founder of Mainstream Renewable Energy) opinion piece in the Irish Times, dated 7th October, http://www.irishtimes.com/newspaper/opinion/2011/1007/1224305386447.html that over the next decade China is likely to present more business, educational, and tourism opportunities for Ireland than any other country, is it not the case that we are seriously deluding ourselves into thinking China will provide such economic deliverance unless our policy makers embrace a new radical approach to engaging China?

Bearing in mind every other country in the western world is courting China’s Yuan currency, how about each government department being directed to devise a five-year plan regarding how best to position Ireland as China’s gateway to Europe? A junior minister with a special portfolio covering China would be responsible for monitoring the plan’s implementation.

In the meantime, while waiting for Chinese companies to make the investment decisions we see as so vital to our future, the Government should also consider practical initiatives aimed at making China market entry easier for our small and medium-sized businesses.

For instance, a feasible and cost effective approach for small and medium-sized businesses, involving a sharing of incubation office, administrative, legal, financial and logistical resources, would be the construction of a Government supported IDA-style ‘Irish business park’ on land leased from one of many enthusiastic municipal or provincial governments in China. Such a valuable enterprise could be carried out under the auspices of a public/private partnership, with special tax breaks offered to encourage Irish businesses to establish their offices. There is a prescient: In the mid-1990s Singapore leased land from the Suzhou Government to build what is now a key gateway to China for Singapore businesses: The Suzhou Industrial Park.

The future success of our China engagement policy lies in embracing bold initiatives that stand out from the crowd.

Niall O’Reilly

Accurate Ireland – China Products & Services Sourcing | Business Development Consultancy

Tel: +353 1271 1830 / +86 15257194468

http://www.accuratelimited.com

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Filed under Accurate China Business Services, Accurate China Insight, Accurate Group, China Ireland, Economy

Accurate China Insight: Should the Ireland propose a free trade agreement with China?

Given Ireland’s financial predicament the need for hard cash in order to create jobs makes for an enticing prospect of going it alone and negotiating a Free Trade Agreement between Ireland and China.

However, cutting a separate deal with China for more business deals over the short-term would be viewed as playing into a China strategy aimed at splitting EU unity by buying off so called ‘peripheral members’ and pitting them against larger members, which in the long run is likely to run against the interests we share with fellow EU members.

China denies it has such a strategy arguing, with considerable merit, that no matter what it does with its money vis-à-vis EU-related investments there will always be detractors. Moreover, as you can see in the insightful “Scramble For Europe” article http://www.ecfr.eu/page/-/ECFR37_Scramble_For_Europe_AW_v4.pdf (from the European Council of Foreign Relations), the EU already appears fractured over the approach individual members have taken with respect to their dealings with China, for whom addressing their current financial woes is the matter at hand: tomorrow and the long term cohesion of the EU can wait.

Accurate China Insight: Should Ireland propose a free trade agreement with China?

Should Ireland propose a free trade agreement with China?

Niall O’Reilly

Accurate Ireland – China Products & Services Sourcing | Business Development Consultancy

Tel: +353 1271 1830 / +86 15257194468

http://www.accuratelimited.com/blog.php

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Filed under Accurate China Business Services, Accurate China Insight, Accurate Group, China, China Ireland, Chinese, Economy, European Union (EU), Ireland, trade