Business meet of Lusophone states in Brazil offers Chinese SME’s chance to grow

10 August 2009

Macau, China, 10 Aug – The Meeting for Economic and Trade Cooperation between China and Portuguese Language Counties is increasingly viewed by small to medium-sized companies in China as an opportunity to expand their business, an official said.

In comments to the Lusa News Agency, Gloria Batalha, director of the department for foreign cooperation of the Macau Institute for Promotion of Trade and Investment (Ipim), said the encounter is the “only way of playing Lusophone markets” for Chinese SMEs.

Batalha said numbers of executives from Chinese SMEs, aged between 30 and 40 years, have steadily risen since the first such meeting in 2005. These company chiefs are looking to expand their businesses to confront new challenges and the meeting provides a privileged means of achieving these goals, added Batalha.

Ipim’s director of foreign cooperation also said SMEs account for the largest slice of the entrepreneurial fabric of both Macau and China.

China is sending its biggest delegation to date, of over 180 company chiefs to the Meeting of Entrepreneurs for Economic and Trade Cooperation between China and the Portuguese Language Countries, taking place 11-13 Aug in Rio de Janeiro.

Food, construction and environmental protection are the sectors with most representation at an encounter gathering 90 executives from China and 40 apiece from Macau and the neighboring Chinese province of Guangdong, according to figures from Ipim.

Businessmen from all Lusophone states except for Sao Tome (with diplomatic ties to Taiwan) will attend the meeting too. Since its first edition in 2005 the China-Lusophone business gathering has generated trade valued at US$ 500 million, according to Ipim figures. (macauhub)