Export news in brief: tech, China, Brexit, EU, Europe

Export news in brief
Export news in brief

Turquoise and UKTI strengthen tech trade ties with China

Turquoise International, the merchant bank specialising in energy, environment and efficiency, has hosted a government-led delegation of listed Chinese companies seeking investment and acquisition opportunities in the UK’s industrial technology sector.

Turquoise hosted a number of events on 11-12th April in association with UK Trade and Investment (UKTI). The delegation comprised owners and senior executives from over 40 of the largest companies from Zhejiang Province, which is regarded as one of the leading centres of private sector entrepreneurship in China. Zhejiang has the highest Gross Domestic Product (GDP) per capita in China and holds the largest number of listed companies in the country. The capital city Hangzhou, scheduled to host the 2016 G20 Summit, is a hub of venture capital funds and tech start-ups second only to Beijing.

“Britain has long been considered a global centre of excellence in the development of industrial technology, particularly in Turquoise’s focus areas of energy, environment and efficiency,” said Turquoise’s director for China David Wright. “We are delighted that we were able to host a group of such senior business and government representatives from Zhejiang. We look forward to expanding our work in China and to helping Chinese companies to invest in and acquire new technology from the UK.”

Q2 2016 could be considerably less volatile

Investors can look forward to a period of relative stability this quarter – despite bleak warnings over the health of the global economy. This is according to leading global investment analyst Tom Elliott of the deVere Group.

Mr Elliott comments: “I believe the second quarter of 2016 will be considerably less volatile than the first…There are three reasons for this. First, the US Federal Reserve is far more emollient in its forecasts for U.S. rate hikes than it was three months ago, while recent economic data suggests continuing stable economic growth in America.

“Second, the much-forecasted hard landing for the Chinese economy has failed to materialise. At 6.5% the economy is still growing at a decent clip.

“Third, a major source of weakness on financial markets in recent years has been the resources sector. But this is going through a period of period of self-healing. Certainly, it remains very susceptible to news flow from China regarding potential demand growth. But the over-supply issues that bedevil companies in the resources sectors are being addressed through the axing of new energy and mining projects, and closing of uneconomic operations. Companies are bearing down on operating costs, and less generous but more sustainable dividend policies.”