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6/30/12

A club in China to help Chinese entrepreneurs go overseas

Private enterprises account for the majority of jobs created in China, but they are often disadvantaged compared with their state-owned brethren in tapping financing or government support, both at home and overseas.

It is a bigger problem overseas, given the scant knowledge most Chinese entrepreneurs have of operating in alien surroundings. China has a decade-old "going out" policy, but it is primarily oriented toward helping the biggest state-owned firms establish themselves internationally.

With 16 founding members who lend their names to the venture and almost 500 private companies in tow, the AEA organizes investment road shows to potential destinations with the aim of ultimately negotiating joint office space and other services to give members a quick start in setting up overseas.
Feng figures that the global financial crisis has created plenty of office buildings and warehouses eager to give a break to a new group of Chinese tenants. 

The most concrete initiative to date is in Belgium, where property developer Group Bernaerts -- which itself is expanding into China -- has wooed the Chinese arrivals with 300 plane tickets and a year of free rent on an office and warehouse complex still under construction half-way between the port of Antwerp and the European Union capital, Brussels.


A club in China to help entrepreneurs go overseas | Reuters

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