Market Insight
nine or ten per cent of total funds needed as subsidies have so far been allocated. In the period of the eleventh fi ve-year plan (2006-2010), the central government planned to allocate RMB 110-120 billion to key national environmental projects. But the regional governmental agencies are expected to foot the bill for the majority of pollution control projects. Thus, funding is still not always made available by regional governments for environmental projects. With only one more year in which to meet the target, China is at a critical point. The Chinese government has allowed private
and foreign funding of environmental treatment projects. To date, we have seen BOT used as an investment vehicle for urban water supply, urban wastewater treatment and urban solid waste treatment projects. However, the BOT model in China can be problematic with issues of limited legal assurance and poor operation management. In addition, the international fi nancial
institutions, for example, World Bank or Asian Development Bank, are active in funding environment projects in the provinces, which can ease the fi nancial burden for local government, whilst simultaneously attracting foreign interest. The environment sector has attracted
considerable international fi nancial support. Foreign governments such as Japan, Germany, France and Italy have provided conditional loans requiring the procurement of products from the country making the loan. This has of course eased the market entry route for these products giving some strong competition to British companies.
UKTI support
UK Trade and Investment (UKTI) is the Government organisation that helps UK based companies succeed in international markets. It assists overseas companies to bring high quality investment to the UK’s vibrant economy. UKTI is also working with CBBC (China British Business Council) to deliver the services for UK business. UKTI China’s Energy, Environment, and
Infrastructure team comprises trade offi cers based in Beijing, Shanghai, Guangzhou and Chongqing, ready to support companies wanting to grow their business in environmental technologies and services in China. The team is headed by Tina Redshaw, email:
tina.redshaw@
fco.gov.uk tel: +8610 5192 4402
Tina Redshaw
Tina Redshaw joined UKTI Beijing as Head of the Energy, Environment, and Infrastructure in August 2007. She oversees UKTI trade offi cers working in the environment, water, construction, power, and oil and gas sectors across the whole of China. The team also works closely with the China Britain Business Council (CBBC) to deliver services to UK companies asking for assistance in researching the market, fi nding relevant contacts and running events. Immediately prior to taking up this post Tina had spent three and a half years as British Ambassador to East Timor, and before this had worked for three years in the political section of the British Embassy in Beijing. She has a Masters degree in International Development, combined with a Linguistics/Language BA. With a strong command of Chinese, Tina also spent much of her pre-Foreign Offi ce career working in China and South East Asia. She was Country Director for Voluntary Service Overseas China and Mongolia in the early 1990s, before becoming Regional Programme Manager for South East Asia. Tina joined the Foreign Offi ce in 1999 after setting up a regional funding sub-offi ce for VSO in Bangkok.
China’s approximate economic growth per year over the past 30 years.
9%
For more information on doing business in
China click here
The China-Britain Business Council (CBBC) is UKTI’s area advisory group for China. For more information click here
Shanghai Expo 2010 takes place from 1st May to 31st October. For more information
click here
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