Category Archives: China
A Light at the end of the Tunnel? Global Trends and Opportunites for British Business
It has become increasingly clear that the devaluation of sterling in 2008 is a long-term phenomenon, which is a strong impetus for making the UK economy more competitive. In combination with rising purchasing power in the emerging markets of Asia, where the middle class will soon approach 1 Billion soon, this presents a tremendous opportunity to open up new markets for UK goods and services. Continue reading
That order from China may be too good to be true
Unscrupulous “business people” in China have refined the so-called 419 advance fee fraud and taken it to new heights, making it almost indiscernable from a legitimate business request. Gambling on a success ratio of over 10%, they invest in the registration of a company with an export license, rented office and a young English-speaking team that is mostly unaware of their bosses fraudulent intentions. Most clever of all, often the scam is such that there’s no clear proof of a crime being committed, which means the same firm can do it again and again. Continue reading